Tags » Congressional Budget Office

The U.S. Debt is an Unsolvable Crisis

Trending stories recently have included foreign policy, airplane safety and Michael Pompeo’s likelihood of becoming secretary of state. Less has been reported about the just released Congressional Budget Office report that forecasts an explosion of federal debt to levels far greater than seen in any year since the end of World War II.  642 more words

Breaking News

House Fails to Pass GOP’s Balanced Budget Amendment

Published in Woonsocket Call on April 15, 2018

Following the recent passage of the $ 1.3 trillion omnibus government spending bill and the massive GOP tax cut bill that added more than a $1 trillion to the nation’s despite economic growth, and with midterm elections looming, the House GOP leadership quickly acted to tackle the spiraling nation’s deficit by bringing H.J. 1,198 more words

Congress

Republican Spending Reprieve -- Rescission still makes a lot of sense

Congress can claw back some of its spending with rescissions.

By The Editorial Board
The Wall Street Journal

April 9, 2018 6:52 p.m. ET

The Congressional Budget Office finally rolled out its semiannual budget outlook on Monday, and the federal deficit is expected to be $804 billion this fiscal year and is heading toward $1 trillion by 2020. 575 more words

11 Apr 2018 (AFR) - US budget deficit to reach $US1 trillion mark two years earlier than expected

(11 April 2018, AFR, p10, by Erik Wasson and Sarah McGregor)

‘The US budget deficit will surpass $US1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases signed by President Donald Trump do little to boost long-term economic growth, according to the Congressional Budget Office. 67 more words

1.Market Observations

How's It Feel To Be Leaving a Fiscal Mess for Your Children and Grandchildren?

Earlier today the Congressional Budget Office released its long awaited report on the economic outlook for the country, including the impact of the recent tax cuts. 145 more words

Politics

Trump budget aims to end automatic pay hikes for federal workers, make firings easier

Monday President Trump put underperforming federal workers on notice including in his $4 trillion budget plan a major overhaul for how hiring and firing is done in the D.C. 571 more words

In The News

5 Feb 2018 (AFR) - US set to sink $1 trillion further into debt this year

(5 February 2018, AFR, p10, by Heather Long)

‘The US federal government is on track to borrow nearly $1 trillion this fiscal year – President Donald Trump’s first full year in charge of the budget. 105 more words

1.Market Observations