Congressional Budget Office
The U.S. government ran a big surplus in April, thanks to a flood of tax payments that helped keep the budget on track for the lowest annual deficit in six years.
In the 4½ years since the Great Recession ended, millions of Americans who have gone without jobs or raises have found themselves wondering something about the economic recovery:
Budget experts for Congress say fewer uninsured people than expected will get covered this year through President Barack Obama’s health care law.
A new report released Tuesday says the government’s budget deficit is set to fall to $514 billion for the current year, down substantially from last year and the lowest by far since President Barack Obama took office five years ago.
Last week, President Barack Obama gathered some of his top advisers in the Oval Office to discuss the problem-plagued rollout of his health care legislation. He told his team the administration had to own up to the fact that there were no excuses for not having the health care website ready to operate on Day One.
A new government study says that federal health care and retirement programs threaten to overwhelm the federal budget and harm the economy in coming decades unless Washington finds the political will to restrain their inexorable growth. The long-term pressures promise to quickly reverse recent improvements in the deficit.
The government has reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five years.
Analysts say scrapping a disputed design for a planned Dwight D. Eisenhower Memorial near the National Mall and developing an alternate concept would cost about $17 million.
In a competition to design the Army’s next Ground Combat Vehicle (GCV), BAE Systems has put out an infographic that details the benefits of a hybrid electric drive system in a modern tank. If chosen, it would be the first hybrid combat vehicle ever fielded. The released graphic illustrates how BAE’s hybrid system will ensure its GCV offering is faster, quieter and more fuel-efficient than standard 70-ton combat vehicles.
So just what is this “fiscal cliff” that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin?