The administration is seeking roughly $1 billion in additional IRS funding that the agency says could improve customer service and step up enforcement work, resulting in billions of dolla
Premiums for employment-based health insurance this year will average about $6,400 for single coverage and $15,500 for family coverage, according to projections by the Congressional Budge
House Speaker Paul Ryan is urging Republican lawmakers to respect the 2017 spending levels set in last fall’s budget deal, but continuing opposition from some conservatives has raised the
The federal debt has reached $19 trillion, an omen of increasingly severe financial difficulties for the United States unless Washington approves sweeping budget reforms.
With the presidential primary season underway, voters should ask themselves which candidates are offering credible solutions to deal with the nation’s difficult fiscal challenges.
The administration unveiled a proposed budget Tuesday that would lower projected deficits and keep the debt stable as a share of the economy over the next 10 years.
In its spending bill for Fiscal 2016, Congress seemed to acknowledge that medical research had been cut too deeply for over a decade. The legislation will boost that funding in the coming months.
“But without reforms to address the basic structural problems in the federal budget, downward pressures on research and other important national priorities can be expected to continue,” warn Concord Coalition Executive Director Robert L. Bixby and Mary Woolley, president and CEO of Research!America, in a Philadelphia Inquirer op-ed.
Voters are hearing promises of big tax cuts from the Republican presidential candidates and big spending increases from the Democrats.
A new report, released shortly before Monday’s Iowa caucuses, says that while all of the 2016 presidential candidates in both parties acknowledge that the rapidly growing national debt is
On the campaign trail, voters are hearing promises of big tax cuts from the Republican presidential candidates and of big spending increases from the Democrats.
Meanwhile, back in Washington last week, the nonpartisan Congressional Budget Office (CBO) released a new set of projections for the next 10 years that casts serious doubt on how realistic (or responsible) those campaign promises are.
According to CBO's projections, here are some sobering fiscal facts that will confront the next president: