Congressional Budget Office

(AP Photo)

2013 deficit estimate lowered to $642 billion

WASHINGTON (AP) — The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, a development that could further curb the already slowing momentum […]

05/14/2013

(AP Photo)

Study: Immigration bill would help Social Security

WASHINGTON (AP) — A bipartisan immigration bill pending in the Senate would strengthen the Social Security trust fund by adding millions of workers to tax rolls, and provide a boost to the overall economy, according […]

05/09/2013

(AP Photo)

Study sets off immigration bill squabble

WASHINGTON (AP) — A bipartisan Senate immigration bill would cost the government a net $6.3 trillion over the next 50 years to provide benefits for millions of people now living in the U.S. illegally, the […]

05/06/2013

President Obama (AP photo)

Obama plan hits seniors and low-income taxpayers

WASHINGTON (AP) — President Barack Obama’s plan to change the way the government measures inflation would lead to significantly lower Social Security benefits while increasing taxes, mainly on low-income families.

04/05/2013

(AP Photo)

Late night: Senate Democrats work to pass budget

WASHINGTON (AP) — Senate Democrats neared approval of their first budget proposal in four years on Friday, calling for almost $1 trillion in tax increases over the coming decade while sheltering safety net programs targeted by House Republicans.

03/22/2013

Federal budget deficit

Budget deficit estimated at $845B

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.

02/05/2013

(AP Photo)

Deal will prevent spike in milk prices

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.

12/31/2012

After Christmas sale sign

Stores look to week after Christmas for sales

(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.

12/26/2012

President Barack Obama (r) and House Speaker John Boehner. (AP Photo)

US economy could handle short fall over ‘cliff’

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:

12/26/2012

Hurricane Sandy recovery efforts (AP photo)

Senate Dems offer Sandy disaster aid package

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.

12/12/2012

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