How Increasing Immigration Can Reduce the Deficit And why the Congressional Budget Office does a poor job of making those estimates. Reason · Feb 2, 2024
Congressional Budget Office projects lower inflation and higher unemployment into 2025 The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years The Independent UK · Dec 15, 2023
Welfare Cuts Are Inevitable Because Congress Won't Touch Social Security Until Congress is willing to acknowledge that it makes no sense to send monthly checks to wealthy seniors, everything else will be on the chopping block. Reason · Sep 27, 2023
Congress needs to pass 12 funding bills in 11 days to avert a shutdown – here’s why that isn’t likely U.S. senators and representatives returning from their summer vacations will need to shake off their suntans in quick time and get down to business. The Conversation · Sep 5, 2023
The “Inflation Reduction Act” Will Do Almost Nothing That Joe Manchin Says It Will By James D. Zenger · Jul 29, 2023
Congressional Budget Office predicts slower economic growth and 4.7% unemployment into 2024 The Congressional Budget Office reports that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024 The Independent UK · Jul 26, 2023
Why Did Joe Biden Stop Talking About the Deficit? The federal budget deficit has exploded under Biden's watch, and he can no longer pretend otherwise. Reason · Jul 19, 2023
Biden's Latest Student Loan Scheme Has a Bigger Price Tag Than Originally Projected The administration’s SAVE plan for student loan forgiveness is estimated to cost $475 billion. Reason · Jul 19, 2023
Editorial: Budget agency pours ice water on Biden parade How fitting that the Congressional Budget Office released its long-term fiscal projections Wednesday, the same day that President Joe Biden began his economic rehabilitation tour. Tribune News Service · Jul 1, 2023
US public debt is projected to reach 181% of American economic activity in 30 years The Congressional Budget Office is giving the world a concerning look at the U.S. government’s ledgers The Independent UK · Jun 28, 2023
Budget loophole for Pentagon slush fund Despite debt ceiling compromise, the Pentagon will continue to prove exempt from ceilings of any sort Salon · Jun 21, 2023
Debt limit package passes House, heads to Senate - Roll Call The House passed a bill Wednesday night to suspend the debt limit past the 2024 elections, sending the measure to the Senate. Roll Call · Jun 1, 2023
What GOP got for pushing US to the brink Republicans didn’t get most of what they sought in a bill they passed in April – though they did get some of it Salon · May 30, 2023
COVID-19 clawbacks, spending caps and a cut – what House Republicans got in return for pushing the US to the brink of default House Republicans pushed the U.S. to the edge of a fiscal crisis because they wanted deep cuts in government spending. The Conversation · May 30, 2023
Tribune News Service · May 22, 2023 Biden, McCarthy will attempt to salvage debt limit deal President Joe Biden and Speaker Kevin McCarthy plan to meet Monday afternoon to discuss how to raise the debt limit after a weekend of negotiations by proxies left each side accusing the other of throwing up new roadblocks to a deal.
Reason · May 22, 2023 Worried About the Debt Fight? Make the Hard Spending Decisions That Politicians Won't! The debt ceiling isn’t the issue; excessive federal spending is the real problem.
Roll Call · May 21, 2023 Biden, McCarthy will attempt to salvage debt limit deal - Roll Call President Joe Biden and Speaker Kevin McCarthy meet Monday to discuss how to raise the debt limit after a weekend of talks by proxies.
The Independent UK · May 12, 2023 More red ink: Congressional budget agency projects bigger deficits as debt talks continue The Congressional Budget Office says this year’s projected federal budget deficit has jumped by $130 billion
Roll Call · May 12, 2023 CBO sees 'significant risk' of debt limit breach before June 15 - Roll Call The Congressional Budget Office on Friday warned of a "significant risk" the U.S. will run out of cash and borrowing authority by June 15.
Roll Call · May 1, 2023 New debt limit forecast crashes into Capitol Hill - Roll Call The federal government's debt managers warned Congress on Monday that lawmakers may have even less time to raise the borrowing limit.
The Independent UK · Apr 30, 2023 Congress eyes work rules for millions covered by Medicaid More than half a million of the poorest Americans would be left without health insurance under legislation passed by House Republicans that would require people to work in exchange for health care coverage through Medicaid
The Independent UK · Apr 25, 2023 McCarthy edges Republicans closer to House debt vote House Republicans are pushing their debt ceiling package to a vote
The Independent UK · Apr 8, 2023 Biden took jobless rate to 3.5%, but for how much longer? President Joe Biden keeps seeing good economic news and bad public approval ratings
Tribune News Service · Mar 22, 2023 Chicken-or-egg game is on as Congress barrels toward debt limit WASHINGTON — A House budget resolution will be delayed in part to allow for negotiations with President Joe Biden on a debt limit increase paired with some sort of concessions on spending and other policies acceptable to Republicans, according to House Budget Chairman Jodey C. Arrington.
Roll Call · Mar 17, 2023 GOP’s budget attack - Roll Call Senate Republican budget writers waged a multifront offensive on President Joe Biden’s fiscal 2024 budget request, while Democrats pointed to a Congressional Budget Office analysis to say House GOP budget plans are unrealistic. CQ Roll Call’s David Lerman, Peter Cohn and Paul M. Krawzak assess how Biden’s blueprint was received…