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Tag Archives: federal deficit

CBO Issues Policy Recommendations to Lower Federal Deficit

The Congressional Budget Office has suggested 79 measures the U.S. government could implement to manage debt and spending levels over the next decade. CBO on Thursday published its “Options for Reducing the Deficit: 2015 to 2024” report that lists budget policy options for defense, energy, healthcare, tax and social security …

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Report: Supercommittee Set to Announce Failure

High hopes that the congressional supercommittee charged with proposing a deficit reduction solution appear to be dashed as Republican and Democratic leaders of the panel are set to announce failure, according to a report from Reuters on Monday. The supercommittee was charged with proposing at least $1.5 trillion in savings …

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Sen. Warner Proposes Fallback Option if Supercommittee Fails

All will not be lost if negotiations go nowhere and the deficit reduction supercommittee fails to reach an agreement, according to Sen. Mark Warner (D-Va.). During an appearance on CNN’s “State of the Union” program Sunday, Warner expressed hope that the supercommittee succeeds in delivering a proposal before Thanksgiving. However, …

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Bernanke Tells Congress: Fed Ready to Do More for Economy

The Federal Reserve System stands ready to take further steps to help aid a fragile U.S. economy, Fed Chairman Ben Bernanke told lawmakers Tuesday. Bernanke made the remarks before the Joint Economic Committee of Congress, presenting the Fed’s semiannual report on monetary policy. The U.S. economy grew 1.3 percent in …

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Deficit ‘Super Committee’ First Meeting Thursday

The congressional deficit reduction committee, known as the “super committee,” is holding its first public meeting Thursday. Committee co-chairs Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Tex.) said the first meeting will be an organizational meeting. The co-chairs and the 10 other members will make opening statements and consider …

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