CBO: US Set For Narrowest Budget Gap Since 2008The 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.
US Economy Likely To Remain Slow For Years To ComeIn 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:
CBO: Health Care Website Woes Will Reduce Enrollment For 2 Million AmericansBudget experts for Congress say fewer uninsured people than expected will get covered this year through President Barack Obama's health care law.
Gov't Report: Budget Deficit Will Drop To $514 Billion, Lowest In Obama PresidencyA 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.
For Obama, Health Care Rollout A Cause Of FrustrationLast 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.
Study: Current Federal Government Growth Will Overwhelm Long-Term US BudgetA 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.
US Budget Deficit Down 37.6 Percent Through July, Lowest In 5 YearsThe government has reported a $97.6 billion deficit for July but remains on track to post its lowest annual budget gap in five years.
Redesigning Eisenhower Memorial Could Cost $17 MillionAnalysts 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.
US Army Considers Hybrid-Electric Tank Proposal 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.
Fiscal Cliff Combines Tax Hikes, Spending CutsSo 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?
Romney: 'Not Going To Kill Big Bird' With PBS AdvertisingMitt Romney indicated during a Wednesday campaign stop in Iowa that he would cut spending on public television, saying that PBS needed to be supported by advertisements and private donations.