Congressional Budget Office

As a member of Congress, Rep. Doug LaMalfa (R-Richvale) is proud to stand up for the principles of limited government and individual responsibility. The first-term congressman expresses skepticism about such safety-net programs as food stamps, regarding...

 Less than a generation ago, June meant the end of school, the beginning of summer and the arrival of Dairy Month.  Now, somehow, June has become the Golf Channel’s official Pace of Play Month, LGBT Pride Month (you can look that up) and Farm Bill...

WASHINGTON — Amid speculation that the Federal Reserve soon might start scaling back its stimulus efforts, the International Monetary Fund cautioned that a pullback before next year could hurt economies worldwide. Highlighting its concern Friday,...

The amnesty under consideration in Congress would come at an enormous cost: more than $5 trillion over the lifetime of immigrants who are legalized. But the bill is structured to hide most of those costs from voters. To see how, let's start with some...

WASHINGTON — As Congress readied for a new battle over raising the debt limit, Sen. Barbara Boxer announced legislation that would prevent lawmakers from being paid if they do not increase the nation's borrowing authority. "It is an American value...

WASHINGTON (Reuters) - The U.S. government posted a budget deficit of $139 billion in May, 11 percent higher than a year ago and above economists' expectations, partly because of temporary calendar adjustments, the Treasury Department said on Wednesday....

The U.S. economy is improving, yet Congress seems still to be in the grip of the delirium that shrinking the deficit in the near term is still a matter of paramount urgency. That's what's prevented lawmakers from dealing with their real task, which is...

WASHINGTON -- Standard & Poor's, which downgraded the U.S. credit rating nearly two years ago, said Monday it was more optimistic about the nation's long-term fiscal situation and had removed the negative outlook from the rating. The automatic federal...

WASHINGTON, June 7 (Reuters) - U.S. President Barack Obama's healthcare overhaul law contains a slew of tax provisions. Some are already in effect; some are coming later. All of them present additional work for the Internal Revenue Service. Here is a look...

In late May, the Congressional Budget Office released its most recent assessment of the cost of the Troubled Asset Relief Program (TARP). This occasioned far less thoughtful discussion of the role of government than it should have, which is unfortunate...

May 31 (Reuters) - U.S. Treasury Secretary Jack Lew on Friday said the Obama administration was suspending investments in the Government Securities Investment fund, the largest of its cash-management tools to stay under the debt limit. The move allows...