President Barack Obama's budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials…
By Lisa Desjardins, Domenico Montanaro, Rachel Wellford and Simone Pathe
Budget cuts and increased revenue have again cut the federal deficit. But the Congressional Budget Office forecasts that under current policy (including the sequester/budget cuts) the deficit will start to rise again in 2018.
By Stephen Ohlemacher, Associated Press
Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday.
By Lisa Desjardins
HERSHEY, Pa. — Republicans from the House and Senate met here in the “Sweetest Place on Earth” Thursday to hash out their agenda, determine what they will try to do with their newfound control of both chambers and present a…
By Domenico Montanaro, Lisa Desjardins, Rachel Wellford and Simone Pathe
Today in the Morning Line: Congress has two weeks left and some hefty legislating to do. Spending bill, Ebola, IS funding, military reauthorization, tax extenders top list of priorities Republicans do not want a shutdown Mary Landrieu accuses GOP opponent…
By Kyla Calvert Mason
Five years into the economic recovery, 31 states have yet to return to funding higher education at the same levels they did in 2007. Even in many states where funding has bounced back, increasing enrollment has kept per-student spending from…
By Anne Azzi Davenport
Following the briefing, Gwen Ifill sat down with Treasury Secretary Jack Lew and Office of Management Budget Director Shaun Donovan to talk about the deficit, why it's grown smaller and its potential growth in the years to come.
By Domenico Montanaro and Terence Burlij
House Budget Committee Chairman Paul Ryan's budget blueprint for the 2015 fiscal year bears close resemblance to the proposals put forward the last few years by the Wisconsin Republican. Democrats are already sharpening their knives, hoping to use the familiar…
By Justin Scuiletti
A 14-year-old student thinks he has calculated a way to save the U.S. government more than $100 million per year, and it’s as simple as changing typefaces. The answer is to require all printed documents to be written in…
By Laurence Kotlikoff
Seizing on an ambiguous clause about Social Security in President Obama's 2015 budget, Larry Kotlikoff argues that the administration should be doing a lot more to reform our nation's retirement system.
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