Congressional Budget Office

The musical "Annie" is enjoying another revival on Broadway. The show opened during the Carter administration, when America was in need of some optimism. "The sun'll come out tomorrow," sang Annie, and with the election of Ronald Reagan in 1980, for a...

It's coming, and not by popular demand. The $1.2 trillion in U.S. government budget cuts, which both Republican and Democrat leaders say they detest, are arriving Friday, and analysts predict the so-called sequestration cuts will suck some of the wind...

WASHINGTON (AP) — Republicans and other fiscal conservatives keep insisting on more federal austerity and a smaller government. Without much fanfare or acknowledgement, they've already gotten much of both. Spending by federal, state and local...

When health insurance is sold on a new online exchange later this year, more than 233,000 Connecticut residents will be eligible for federal subsidies to offset the price of their premiums, according to a new report Tuesday by Families USA. The...

In his March 22 blog post criticizing proposals to switch from the consumer price index to "chained CPI" to determine cost-of-living adjustments for Social Security beneficiaries and other items in the federal budget, Michael Hiltzik claimed that there...

Robert M. Ball is one of the most revered figures in Social Security history, a man whose devotion to safeguarding the program from ideological attacks and political cant over six decades made him the program's "undisputed spiritual leader." Alice M....

If aliens came to earth from outer space in search of intelligent life, Congress is the last place they would look for it. The Republican-led 112th Congress -- in a good week, in session no more than two and a half days -- let the Standard & Poor's credit...

Washington, DC - On Feb. 14, Representatives Kristi Noem (R-SD) and Tim Walz (D-MN), along with six additional cosponsors, introduced bipartisan legislation that would protect our nation's remaining native prairies and prime grasslands. The Protect...

WASHINGTON (AP) — The Federal Reserve isn't yet convinced that the U.S. economy's growth can accelerate without the Fed's drive to keep borrowing costs at record lows. It wants to see sustained improvement. That was the message Fed officials...

In most countries that experience a fiscal crisis, there is no ambiguity about the situation. The government is unable to sell debt at a reasonable interest rate. This probably coincides with a broader shift out of domestic assets, as smart investors...

"The president is in the midst of a charm offensive." -- The Washington Post, referring to President Obama's meetings with congressional Republicans WASHINGTON -- We don't need a charm offensive; we need a candor offensive. The budget debate's central...

WASHINGTON – Reprising austerity themes that define the party, House Republicans unveiled a budget proposal Tuesday that they say would achieve the ambitious goal of balancing in 10 years, but it has no chance of acceptance by Democrats in what is...