Congressional Budget Office

Washington, DC - On Feb. 14, Representatives Kristi Noem (R-SD) and Tim Walz (D-MN), along with six additional cosponsors, introduced bipartisan legislation that would protect our nation's remaining native prairies and prime grasslands. The Protect...

WASHINGTON -- President Obama and Democrats want more jobs. So do Republicans. Heck, everyone does. Yet, job creation is weak. It's true that the economy has generated 5.5 million jobs from its low point. Still, there are 3.2 million fewer jobs now than...

When health insurance is sold on a new online exchange later this year, more than 233,000 Connecticut residents will be eligible for federal subsidies to offset the price of their premiums, according to a new report Tuesday by Families USA. The...

In his March 22 blog post criticizing proposals to switch from the consumer price index to "chained CPI" to determine cost-of-living adjustments for Social Security beneficiaries and other items in the federal budget, Michael Hiltzik claimed that there...

With the Pentagon set to whack its share of $85 billion in automatic federal budget cuts last month, it didn't take long for Velma Searcy to feel the pain. The owner of a Palmdale maker of military aircraft parts saw two contracts quickly evaporate as...

The wars in Iraq and Afghanistan will ultimately cost between $4 trillion and $6 trillion, with medical care and disability benefits weighing heavily for decades to come, according to a new analysis. The bill to taxpayers so far has been $2 trillion,...

Robert M. Ball is one of the most revered figures in Social Security history, a man whose devotion to safeguarding the program from ideological attacks and political cant over six decades made him the program's "undisputed spiritual leader." Alice M....

WASHINGTON (AP) — If anything illustrated President Barack Obama's new sense of self-confidence, it was his State of the Union call for an increase in the national minimum wage. For much of the past two years, the president and his aides have...

During the epic deficits-and-debt donnybrook of mid-2011, two top aides to President Barack Obama proposed an ultimatum so onerous that Congress and the White House surely wouldn't let it happen. In his book "The Price of Politics," Bob Woodward of...

WASHINGTON (AP) — The Federal Reserve isn't yet convinced that the U.S. economy's growth can accelerate without the Fed's drive to keep borrowing costs at record lows. It wants to see sustained improvement. That was the message Fed officials...

In most countries that experience a fiscal crisis, there is no ambiguity about the situation. The government is unable to sell debt at a reasonable interest rate. This probably coincides with a broader shift out of domestic assets, as smart investors...

"The president is in the midst of a charm offensive." -- The Washington Post, referring to President Obama's meetings with congressional Republicans WASHINGTON -- We don't need a charm offensive; we need a candor offensive. The budget debate's central...