The Congressional Budget Office projects the total federal deficits to drop from 5.8 percent of gross domestic product in 2023 to 5 percent by 2027 and then increase steadily over the next
MoreThe Department of the Treasury and the Office of Management and Budget reported that the deficit dropped by $1.4 trillion, or 50 percent, to $1.37 trillion in fiscal year 2022 and that
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A Government Accountability Office report obtained by Deltek predicts the ratio of U.S. public debt to gross domestic product to grow and exceed the historical high of 106 percent in 1946 within
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The White House plans to release its proposed fiscal year 2016 budget to Congress on Feb. 2, The Hill newspaper reported Wednesday. Bernie Becker writes that this would be the first on-time release of
MoreThe 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
MoreHigh 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
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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
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The Defense Department could wrap up its internal discussions on cutting $260 billion from its budget over the next five years “in the coming weeks,” Defense Secretary Leon Panetta said Thursday. More
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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
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President Barack Obama vowed Monday he would veto any cuts to Medicare unless Congress approves tax increases on the wealthiest Americans. “I will not support any plan that puts all the burden
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