C-Bo

Trump's Health Reform Fixes Obama's Mandate Mess

Open enrollment season for health insurance is just around the corner. Starting November 1, Americans who don’t get coverage through work or the …

Health Care

Though It Will Likely Be Short, Enjoy the Boom

The dot-com recession that struck in 2001 was the mildest cyclical trough on record. That didn’t prevent, however, a lot of official angst about the …

Economics

Seema Verma edges higher in 2018 brass balls sweepstakes

Bill Clark/Congressional Quarterly/Newscom via ZUMA<p>Looking for news you can trust?<br>Subscribe to our free newsletters.<p>Last December Republicans …

Health Care

A Late Summer Budgetary Nightmare

The Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) released new budget forecasts this summer that show the nation …

Health Care

Pure Corruption

In December 1999, Princeton Professor Ben S. Bernanke wrote a relatively obscure paper largely denouncing the Bank of Japan's shyness. Japan's …

Economics

US economy is expected to accelerate this year, then slow in 2019: CBO

U.S. economic growth will probably accelerate this year before slowing in 2019 to well below the Trump administration's 3 percent target as a fiscal …

Economy

The CBO And Alternative Outcomes

In our report titled "<i>A reality Check on The Budget Outlook</i>" dated April 18, 2018 we offered a number of caveats to the then recently released CBO …

Economics

Tuesday’s Mini-Report, 8.14.18

Today’s edition of quick hits:<p>* More than 10 months later: “Puerto Rico’s electric utility said it completed restoration of power to all of its …

Hurricane Maria

Critiquing The CBO's GDP Projections

Introduction - what the mainstream is thinking<p>This article provides an example of talking my book. I am taking the "over" versus consensus as …

Economics

Congressional Budget Office Revises Economic Forecast Downward

Director warns that projections are ‘inherently uncertain’<p>The Congressional Budget Office projects the economy to grow at a rate of 3.1 percent in …

Economics

Americans will pay for ‘08 financial crisis with ‘lifetime income loss’

As the economy continues to recover in the wake of the financial crisis that hit a decade ago, it may never again reach the output levels experienced before the crash, according to a new study from the Federal Reserve Bank of San Francisco.<p>The data suggests that the crisis, which nearly collapsed …

Business

U.S. economy to grow at 3.1 percent in 2018, CBO says

The U.S. economy is projected to grow by 3.1 percent this year, as more government spending and tax cuts help propel an expansion, the Congressional Budget Office said Monday.<p>But the robust run of growth may stall as early as next year, with the U.S. economy expected to slow down in 2019 and during …

Economics

Keventers appoints Tarun Bhasin as CEO

He was associated with Jubilant Food Works for 22 years

Business (India)

CBO downgrades economic growth projection for 2018

The U.S. economy will grow at 3.1 percent in 2018, according to updated projections by the Congressional Budget Office (CBO), down from its April …

U.S. Congress

CBO Cuts U.S. Growth Forecast Amid Warnings on Trade Spats

© Reuters. CBO Cuts U.S. Growth Forecast Amid Warnings on Trade Spats<p>(Bloomberg) -- The Congressional Budget Office slightly lowered its forecast for …

Economy

Economy to grow 3.1 percent in 2018: CBO

The U.S. economy is expected to grow by about 3 percent in 2018 but could face “more substantial” effects in the coming months from the …

Economics

Tax cuts eating into feds' bottom line as deficit rises: CBO

The GOP’s tax-cut law is already beginning to drive up deficits, budget analysts say, cutting into revenue just as spending is soaring.<p>New numbers …

Military Spending

Monthly deficit rises to $77 billion as revenues come in low following tax cuts

Federal revenues fell in July compared to a year earlier, the Treasury Department reported Friday, including a $7 billion drop in taxes that is …

Economy

Enrolling Americans In Medicaid Is Now Cheaper Than Subsidizing Their Obamacare Coverage

Here’s a data point that I fully expect to see fans of single-payer health care cite in the future: For the federal government, helping Americans buy …

Health Care

Extending Last Year's Tax Cuts Without Massive Spending Reductions Would Be a Fiscal Disaster

Republicans in Congress are reportedly mulling a proposal to make permanent the tax cuts passed last year, with some members of the House GOP pushing …

Health Care

CBO Forecast: Cloudy With a Chance of Debt

The Congressional Budget Office (CBO) released its annual budgetary forecast this week. The Washington, D.C. weathermen say storm clouds …

Health Care

National deficit grew 20% in 2017, partially due to Trump tax cuts

The U.S. national deficit grew by 20% ($75 billion) over the past year, according to the latest report by the Congressional Budge Office, partially …

U.S. Politics

Federal deficit jumps 20 percent after tax cuts, spending bill

The federal deficit jumped 20 percent in the first 10 months of the 2018 fiscal year, the Congressional Budget Office (CBO) reported …

Economics

Trump tax cuts are ballooning the deficit, so get ready for the GOP attack on Medicare and Medicaid

Get ready for Republican screeching about cutting Medicaid, Medicare, and Social Security (after the midterms, of course). Because a new …

Health Care

CBO: Debt Will Rise to ‘Unsustainable’ Levels if Congress Extends Tax Cuts, Maintains Spending

Extending recently approved spending increases and tax cuts would create an “unsustainable” fiscal outlook, the Congressional Budget Office said in a report published Wednesday. The report described how annual budget deficits could swell next decade if recent tax cut provisions set to expire next …

Economy

Record Debt Pile by 2029 if Tax Cuts, Budget Deal Extended, CBO Says

Congressional scorekeeper assumed future lawmakers will extend temporary provisions<p>Federal debt would be about one and one half times the size of the …

Health Care

Federal Deficit Increases By 20 Percent Due To Increased Spending And Tax Cuts

3:49 PM 08/08/2018<p>The federal deficit rose 20 percent due primarily to an increase in spending, the Congressional Budget Office reported Tuesday.<p>The …

U.S. Congress

CBO: National debt could be twice the size of GDP by 2048

The amount of debt the federal government owes could be double the size of the entire U.S. economy in the next 30 years, according to a new report …

Economics

Spice user banned from Chester due to anti-social behaviour

A homeless man has been banned from the city centre for three years after repeated instances of anti-social behaviour linked to Spice.<p>Jamie Crawford, …

Chester, UK

Tariffs and the Debt

The round of bitter, self-pitying tweeting that President Trump began around 4:30am on Sunday has been dissected a good bit, especially for what he …

Politics