Congressional Budget Office

WASHINGTON -- Many young, healthy Americans could soon see a jump in their health-insurance costs, and insurance companies are saying: It's not our fault. The nation's insurers are engaged in an all-out, last-ditch effort to shield themselves from...

Unlike his inaugural address, the president's State of the Union address actually touched on the two issues Americans rank as their top concerns: the economy and government spending. Sadly, his record suggests he's unlikely to get serious about either...

(Reuters) - President Barack Obama's decision to spotlight drug rebates as a way to save money on Medicare is likely to be opposed by the pharmaceutical industry, which could potentially lose billions of dollars in profits. In his annual State of the...

For his very first speech on the House floor, which lasted just over one minute, U.S. Rep. Matt Cartwright brought a chart. The blue and red graph against a white background illustrated the nation's debt to GDP ratio since 1941. His intention was to...

WASHINGTON -- At the core of Washington's exasperating budget debate lies a confusing disconnect. On the one hand, we're urged to reduce huge and endless budget deficits, which are said to threaten a future financial crisis. The Congressional Budget...

WASHINGTON (AP) — The federal budget deficit will drop below $1 trillion for the first time in President Barack Obama's tenure in office, a new report said Tuesday. The Congressional Budget Office analysis said the government will run a $845...

WASHINGTON (AP) — Eager to buy time and avoid economic pain, President Barack Obama urged Congress on Tuesday to pass targeted short-term spending cuts and higher taxes as a way to put off sweeping, automatic cuts that would slice deeply into...

Is this really the best anyone in Washington can do to avert sequestration? President Barack Obama's call for delaying the automatic spending cuts past the March 1 deadline would seem reasonable enough, except he hasn't really offered up a specific plan...

It's not unusual to lose your balance while standing on a peak. And so it goes with the stock market. Investors suffered some fear of heights Monday and sent the Dow Jones industrial average tumbling. It was the worst day of this year, with a triple-...

WASHINGTON (AP) — Driven by frustration over deficits and debt, Republican conservatives are pushing a politically risky move to permit painfully large automatic spending cuts to strike the Pentagon and domestic programs alike in an effort to...

When it comes to fixing America's ballooning debt problem, there is one policy option that both Democrats and Republicans should be rushing to embrace. It is the proposal to replace the current Consumer Price Index (CPI) with a more accurate measure of...

Letter writer Steve Buff writes that military spending is bankrupting the country ("Military spending is bankrupting the country," Jan. 20). But according to the Congressional Budget Office, military spending doesn't appear to be the problem. The CBO...