Bipartisan Infrastructure Bill Would Add $256 Billion to Deficit, CBO Finds
Federal Budget
Bipartisan Infrastructure Bill Would Add $256 Billion to Deficit, CBO Finds
2021-08-06 14:33:05
by Dan McCue

WASHINGTON -- The bipartisan infrastructure package set to be voted on in the U.S. Senate, perhaps as early as Saturday, would add $256 billion to the federal deficit, the nonpartisan Congressional Budget Office said Thursday The budget office estimated that... Read More

New Government Run Health Insurance Option Could Be More Expensive Than Initial Projections, Study Shows
Health
New Government Run Health Insurance Option Could Be More Expensive Than Initial Projections, Study Shows
2020-11-05 22:10:36
by Sean Trambley

WASHINGTON -- With Congress considering significant health care reforms, including creating a government-run health insurance plan called the public option, a new study shows that it could be significantly more expensive than previously estimated. The study, released by Lanhee J.... Read More

CBO Long Term Outlook Report ‘Doesn’t Look Good’
Federal Budget
CBO Long Term Outlook Report ‘Doesn’t Look Good’
2020-09-28 13:48:52
by Kate Michael

WASHINGTON — The Congressional Budget Office recently released two new outlook reports. These projections are an update of the U.S. deficit, debt, spending, and revenue over the next decade and beyond, given current laws in place. The pair of reports... Read More

Federal Deficit Could Balloon to 13% by 2050, CBO Report Says
Federal Budget
Federal Deficit Could Balloon to 13% by 2050, CBO Report Says
2020-09-22 19:04:57
by Reece Nations

WASHINGTON – The federal debt owed by the United States government is expected to grow over the next 30 years to almost twice the size of the nation’s economy, according to the Congressional Budget Office’s Long-Term Budget Outlook report. While... Read More

CBO Says Coronavirus Outbreak and Response Will Quadruple the Federal Deficit
Federal Budget
CBO Says Coronavirus Outbreak and Response Will Quadruple the Federal Deficit
2020-04-24 20:22:06
by Dan McCue

WASHINGTON - Due to a combination of the passage of multiple economic stimulus bills and a deep recession caused by the coronavirus outbreak, the federal deficit for the 2020 fiscal year will quadruple to $3.7 trillion, the Congressional Budget Office... Read More

Budget Deficit Poised to Break $1 Trillion Despite Strong Economy
Federal Budget
Budget Deficit Poised to Break $1 Trillion Despite Strong Economy
2020-01-28 21:07:47
by Dan McCue

WASHINGTON - The federal budget deficit will likely top $1 trillion this year, despite the continued strength of the U.S. economy, the nonpartisan Congressional Budget Office said Tuesday. The report follows an increase in new spending last year and the... Read More

Voters Remain Deeply Concerned about Fiscal Irresponsibility in Washington
Federal Budget
Voters Remain Deeply Concerned about Fiscal Irresponsibility in Washington
2020-01-07 22:19:19
by Dan McCue

WASHINGTON - Voters remain deeply concerned about Washington's wanton ways when it comes to spending and want leaders to take corrective action, a new survey by the Peter G. Peterson Foundation finds. The survey was conducted in December, just as... Read More

Mark Sanford Suspends 2020 Presidential Campaign
2020 Elections
Mark Sanford Suspends 2020 Presidential Campaign
2019-11-12 21:19:15
by Dan McCue

WASHINGTON - Former Congressman and South Carolina Gov. Mark Sanford suspended his longshot campaign for the Republican presidential nomination Tuesday, explaining that sometimes "you've got to be a realist." Standing outside the New Hampshire statehouse while holding an oversized trillion-dollar... Read More

Federal Deficit Just Shy of $1 Trillion for 2019, Highest Since 2012
Federal Budget
Federal Deficit Just Shy of $1 Trillion for 2019, Highest Since 2012
2019-10-25 20:00:10
by Dan McCue

WASHINGTON - The federal deficit for fiscal year 2019 was $984 billion, $205 billion more than in the prior fiscal year, Treasury Secretary Steven Mnuchin announced Friday afternoon. The final accounting from the Treasury Department of the Office of Management... Read More

Federal Deficit Growing Faster Than Expected, Will Top $1 Trillion Next Year, Budget Office Says
Federal Budget
Federal Deficit Growing Faster Than Expected, Will Top $1 Trillion Next Year, Budget Office Says
2019-08-21 18:06:15
by Dan McCue

WASHINGTON - The federal budget deficit is growing faster than expected and will reach $1 trillion next year, the non-partisan Congressional Budget Office said Wednesday. Worse, over the next decade, the federal government will rack up $12.2 trillion in deficits... Read More

Mulling Presidential Run, Mark Sanford Says Government’s Precarious Finances Are Nation’s Biggest Threat
Mulling Presidential Run, Mark Sanford Says Government’s Precarious Finances Are Nation’s Biggest Threat
2019-08-16 22:33:48
by Dan McCue

WASHINGTON - Back home in South Carolina after a mid-week trip to New Hampshire, former Rep. Mark Sanford said Friday he was pleased with how things went in the Granite State and his decision on whether to mount a primary... Read More

Federal Deficit Projected to Exceed $1 Trillion By Late September
Economy
Federal Deficit Projected to Exceed $1 Trillion By Late September
2019-04-10 21:15:23
by Dan McCue

The federal budget deficit for the fiscal year to date is $691 billion and will exceed $1 trillion by the time the current budget year ends in September, the Treasury Department said Wednesday. In its monthly report on the government's... Read More

United States Posted Largest-Ever Monthly Budget Deficit in February
Economy
United States Posted Largest-Ever Monthly Budget Deficit in February
2019-03-22 21:31:58
by Dan McCue

The federal government posted its biggest monthly budget deficit ever in February as a sharp decline in corporate revenue coincided with increased spending, the Treasury Department announced Friday. The budget gap widened to $234 billion in February, compared with a... Read More

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