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Federal Budget

Enough Fed! Give Free Markets a Chance!

Michael Farr | Posted 07.25.2014 | Business
Michael Farr

The widespread expansion of credit to car-buyers, especially to sub-prime borrowers, is beginning to cause some industry observers to cry "bubble." Is this economic progress?

Kate Sheppard

Cost Of Wildfires Burns Through Budgets, Pushing Feds To Find Other Funds

HuffingtonPost.com | Kate Sheppard | Posted 07.24.2014 | Politics

WASHINGTON -- As a massive wildfire burned in Washington state this week and the threat of more fires looms over the West, there has been increasing p...

House GOP's IRS Budget Cuts: A Field Day for Tax Cheats

Chuck Marr | Posted 07.15.2014 | Politics
Chuck Marr

When it considers IRS funding, the Senate should take a stronger stand for honest taxpayers by rejecting all cuts and giving the IRS the resources it needs to do its job. The president should accept no less.

New CBO Long-Term Budget Projections Tell Familiar Story

Paul N. Van de Water | Posted 07.15.2014 | Politics
Paul N. Van de Water

The Congressional Budget Office's new long-term budget projections, released today, are very similar to those that CBO published in September 2013 and to ones that we released in May 2014. They show that the nation's fiscal outlook is stable for the rest of this decade and then worsens gradually.

The Federal Historic Tax Credit: Transforming Communities

National Trust for Historic Preservation | Posted 07.03.2014 | Business
National Trust for Historic Preservation

By Donovan Rypkema Editor's Note: On Monday, June 23rd, the National Trust For Historic Preservation gave the federal historic tax credit watch statu...

Time Is Now to Rediscover Bipartisan Cooperation in Washington

Gov. John Kasich | Posted 06.27.2014 | Politics
Gov. John Kasich

A balanced federal budget isn't a pipedream or some crazy economic theory that will never come to pass. Our home states of Ohio and Minnesota balance their budgets thanks to constitutional requirements, as does nearly every other state in the nation.

More of the Same

Michael Farr | Posted 06.19.2014 | Business
Michael Farr

As expected, the Federal Reserve stuck to its pattern of reducing asset purchases by another $10 billion. The monthly pace is now down to just $35 bi...

Future Shock: Why Today's Votes Mortgage Tomorrow's Dreams

Hon. Joseph J. DioGuardi | Posted 06.04.2014 | Politics
Hon. Joseph J. DioGuardi

Together, we must urge our elected officials to implement accrual accounting principles at the federal level so that our nation can finally have accountability based on accurate financial information.

What's Going on With Interest Rates?

Michael Farr | Posted 05.30.2014 | Business
Michael Farr

An aggressive rally in the Treasury market this morning has resulted in the lowest 10-year Treasury yield since June of last year.  Nearly everyone is looking for an explanation as to why longer-term interest rates continue to fall in the face of reduced Fed support and better economic data.  So what is going on?

The U.S. National Debt: Can The Federal Reserve Perform Fiscal Alchemy Forever?

Sheldon Filger | Posted 07.27.2014 | Politics
Sheldon Filger

In the year 2000, as George W. Bush assumed the role of 43rd president of the United States, America's national debt stood at $ 5.7 trillion, while th...

Help Wanted: Slow and Expensive Accountant

Sarah Anderson | Posted 07.23.2014 | Politics
Sarah Anderson

Fortune 500 company is seeking a highly unproductive senior accountant to help inflate the cost of complying with a new federal law requiring that all publicly held corporations disclose the ratio between their CEO and median worker pay.

Drones, Trains, and China: How America's Budget Is Fighting the Wrong Battle

Tom Engelhardt | Posted 07.19.2014 | Politics
Tom Engelhardt

If you want a measure of rise and decline, look no further than this comparison between U.S. and Chinese infrastructural build-ups, between, that is, Washington's global military-first strategy and Beijing's civilian-first one.

Tracking Earnings

Michael Farr | Posted 07.19.2014 | Business
Michael Farr

While the overall quality and composition of earnings in the 1Q may have improved somewhat, index earnings growth remains highly dependent on margin expansion.

5 Crucial Facts About the So-Called 'Transportation Cliff'

Randal O'Toole | Posted 07.16.2014 | Politics
Randal O'Toole

Pundits are fretting over the looming insolvency of the Highway Trust Fund, which some call the "transportation cliff." The real battle is not over the cliff but how Congress spends the renewed gas tax. Here are five facts to help people understand this debate.

Economists Are Wrong

Michael Farr | Posted 07.07.2014 | Business
Michael Farr

To boil things down, there are really only two roads we can follow in an environment of such as this. The economy will either muddle along at a sub-par rate of about 2 percent until balance is restored, or we go down the path of running up debt in an effort to produce higher growth rates in the near term.

Market Noise and Fed Messaging

Michael Farr | Posted 06.16.2014 | Business
Michael Farr

So far this year, the mid-cap banks are outperforming their behemoth cousins, and we now may know why. The big question, though, is how detrimental have these new regulations been to the economic recovery?

Our Shamefully Wimpy War Against Cancer

Dr. Sten Odenwald | Posted 06.16.2014 | Healthy Living
Dr. Sten Odenwald

Why do so many groups think that $4.9 billion per year is an acceptable level for cancer research and vote to continue this year after year, even though nearly everyone will have to deal with cancer during their lifetimes? Who came up with this figure?

Where Federal Education Funds Should Really Be Going

Avi Yashchin | Posted 06.04.2014 | Education
Avi Yashchin

Despite its affordability, its relevance to today's workforce needs, and its potential to curtail student debt and unemployment, vocational training continues to take a back seat to other educational avenues.

Preview of New Ryan Budget: As Extreme as Last Year's, If Not More So

Joel Friedman | Posted 05.31.2014 | Politics
Joel Friedman

Basic budget arithmetic suggests that House Budget Committee Chairman Paul Ryan's coming budget will be at least as extreme as his budget last year, and likely more so.

The Declining Trade Deficit Is Good News

Jerry Jasinowski | Posted 05.25.2014 | Business
Jerry Jasinowski

We have been getting significant positive economic news of late, but here is one you may have missed because for some reason it has not generated much media coverage. Our nation's current account deficit -- the trade deficit -- in the last quarter of 2013 was the lowest it has been in 14 years.

Want to Be Better Off? Get Congress to Do This

Karen Dolan | Posted 05.12.2014 | Politics
Karen Dolan

I don't know about you, but I sure would like to be "better off." Ten and a half million U.S. workers are unemployed and many of those have been sear...

Congress Must Step Up for Veterans

Bill Lawson | Posted 05.11.2014 | Impact
Bill Lawson

We need a solid promise of sufficient, timely and predictable funding for Veteran Affairs in order to meet the needs of a new generation of returning veterans as well as those of previous eras.

What Budget Autonomy? D.C.'s Reproductive Health, Voting Rights Under Threat in FY15

Joan Shipps | Posted 05.06.2014 | Politics
Joan Shipps

If history is any guide, Congress will tinker with the President's language about the District before it approves a budget for the fiscal year. The residents of D.C. are watching closely to see which decisions of our elected officials will be overturned.

Top Five Things to Know About President Obama's 2015 Budget Proposal

Jo Comerford | Posted 05.05.2014 | Politics
Jo Comerford

The president wants to provide pre-kindergarten to every student and expand the existing Head Start program, which provides early childhood education to low-income families. The budget proposal would dedicate $66 billion over 10 years to this initiative.

Obama Budget Panned By GOP

AP | Posted 03.05.2014 | Politics

WASHINGTON (AP) — Republicans are dismissing President Barack Obama's new $3.9 trillion budget as nothing more than a Democratic manifesto for this ...