The annual federal budget deficit is larger than expected and is now projected to reach $590 billion, according to estimates from the Congressional Budget Office.
The deficit is estimated to more than double in 10 years, which is projected to push debt held by the public up to 77 percent as a percentage of Gross Domestic Product (GDP), according to Congressional Budget Office (CBO) estimates.
The federal government collected a record amount of taxes in the first 10 months of fiscal year 2015, exceeding $2.6 trillion in revenue, according to the latest monthly Treasury Department statement. Despite the record revenue, the federal government ran a deficit of $465 billion.
The Obama administration’s student loan program had a shortfall of nearly $22 billion in 2014–the largest of any government credit program in history. I found something odd buried in the Obama budget: a $22 billion student loan bailout. http://t.co/zZyzrbf30e via @POLITICO — Michael Grunwald (@MikeGrunwald) February 5, 2015 Politico reported Thursday that the shortfall comes from Obama’s …
A new analysis of data from the Congressional Budget Office has provided a final cost estimate for the implementation of Obamacare over the next decade–and the results are bleak.
The future of gun control and immigration reform, and how effective or meaningful either law ultimately would be, remains uncertain. What is certain is that neither guns nor immigration is a public priority, or even close to one.
Romney edged out Obama, 49-45, when extremely likely voters were asked which presidential candidate they’d trust to manage their family budget, according to a poll commissioned by national debt watchdog Public Notice.
President Obama’s reelection campaign has settled on two primary criticisms of Republican challenger Mitt Romney: His policy proposals are too vague and he’s lying about the details he puts forward.
President Barack Obama is perpetuating a repeatedly debunked claim regarding his commitment to deficit reduction, one of the highest priority issues for voters this election cycle.