Congressional Budget Office
WASHINGTON (AP) — A new government report is predicting the budget deficit will drop below $1 trillion for the first time in President Barack Obama’s tenure in office.
WASHINGTON (AP) — A potential doubling of milk prices will be averted as part of the compromise that White House and congressional bargainers reached on wide-ranging legislation to avert the “fiscal cliff,” a leading senator said late Monday.
(AP) – Bargain-hungry Americans will need to go on a post-Christmas spending binge to salvage this holiday shopping season as U.S. holiday sales so far this year have been the weakest since 2008, when the nation was in a deep recession.
WASHINGTON (AP) — The economic threat that’s kept many Americans on edge for months is nearing reality — but here’s why many are optimistic that a brief fall over the cliff wouldn’t derail the economic recovery:
WASHINGTON (AP) – Senate Democrats have quickly cobbled together a $60.4 billion disaster aid package for New York, New Jersey and other states hit by Superstorm Sandy in late October.
The “fiscal cliff” is an economy-rattling combination of expiring tax cuts and major across-the-board spending reductions to the Pentagon and domestic programs. Here is a list of what the fiscal cliff includes.
WASHINGTON (AP) – The Congressional Budget Office says extending the current level of long-term unemployment benefits for another year would add 300,000 jobs to the economy. A report from the nonpartisan office estimates that preserving jobless benefits would cost the government $30 billion.
WASHINGTON (AP) – The federal government started the 2013 budget year with a $120 billion deficit in October, an indication that the nation is on a path to its fifth straight $1 trillion-plus annual deficit. […]
WASHINGTON (AP) — Austere “fiscal cliff” tax increases and federal spending cuts set for the end of the year would send the economy back into recession and cause a spike in the jobless rate to […]
WASHINGTON (AP) – Congressional budget analysts are now estimating that nearly 6 million Americans – most of them in the middle class – will have to pay a tax penalty for not getting health insurance […]