Congressional Budget Office

WASHINGTON (AP) — Hospitals, doctors and other Medicare providers are on the hook for a 2 percent cut under looming government spending reductions. But they're not raising a ruckus. Why? The pain could be a lot worse if President Barack Obama...

WASHINGTON (AP) — An ax is scheduled to hit the federal budget Friday: Unless the White House and Congress reach a budget deal by then, automatic cuts will carve $85 billion out of the budget through Sept. 30 and $1.2 trillion over the next decade....

Unless Congress crafts a bipartisan compromise by Friday, the Budget Control Act of 2011 will sequester — or cancel — $85 billion of spending planned for the rest of this year. The cuts would be mindlessly spread across all federal agencies,...

The sky is falling, the sky is falling. That's the message shrieked by President Barack Obama about those mandated federal spending cuts called "sequestration." And not only is the sky falling, but it's not his fault. He's like the kid standing in front...

 When you’re sick, nothing — not money, politics or even religion — matters more than getting well.  And, yet, when you’re healthy, those items matter more in any health care policy debate than the goal of the policy being...

President Barack Obama's approach to so-called "climate change" appears to include recycling old ideas. In his State of the Union address, the president recycled the idea of spending more on education, though we are still getting unsatisfactory...

Politicians (including former politicians) like to be right more than most people. You see, in politics, public officials live or die by their (very) public opinions concerning the issues of the day. It is with this somber thought in mind that I reissue...

Everything that everyone loathes about Washington was present in the "fiscal cliff" bill just passed by Congress. It is 153 pages long; most members probably hadn't read all of it before voting on it; it was delivered in the middle of the night; it was...

It's hard to recognize the Democratic Party these days. In recent decades, it's been a divided, brawling tribe. But this year, Democrats are one big, happy family. Sure, there was grumbling from the left over President Obama's agreement to keep tax cuts...

During the epic deficits-and-debt donnybrook of mid-2011, two top aides to President Barack Obama proposed an ultimatum so onerous that Congress and the White House surely wouldn't let it happen. In his book "The Price of Politics," Bob Woodward of...

WASHINGTON -- President Obama and Democrats want more jobs. So do Republicans. Heck, everyone does. Yet, job creation is weak. It's true that the economy has generated 5.5 million jobs from its low point. Still, there are 3.2 million fewer jobs now than...

WASHINGTON (AP) — If anything illustrated President Barack Obama's new sense of self-confidence, it was his State of the Union call for an increase in the national minimum wage. For much of the past two years, the president and his aides have...