The Third Rail of American Politics Is Live
The Congressional Budget Office's economic outlook for the next 10 years, released in late January, found that the federal deficit will balloon to 4% of GDP by 2025 from 2.8% today, thanks in large part to entitlement programs like Social Security.
Obamacare Wins U.S. Bond Converts as Slowing Costs Tame CPI
Regardless of what Americans think about Obamacare, reining in health care costs is winning the support of investors in U.S. Treasuries.
CBO Says Fiscal Cliff Looms, but Decisions Not Likely Till Precipice Appears
The CBO makes the point that if Congress cannot find some way to arrest policies that are already set in motion before the new year, the U.S. will lapse back into a recession in 2013.
CBO Report: Wealthiest Americans’ Income Growth Outpaces Middle Class
The CBO reports that the richest 1% of Americans have been getting far richer over the last three decades while the middle class and poor have seen their after-tax household income crawl up in comparison.
CBO: National Debt on Track to Nearly Double GDP in 25 Years
The nation is on a course to a “sudden fiscal crisis” if policymakers, like Rep. Paul Ryan and President Barack Obama, fail to take measured steps to halt the growing debt burden, the CBO said Wednesday.
Healthcare Reform and You
With President Barack Obama's historic health reform legislation, the Health Care and Education Reconciliation Act of 2010, H.R. 4872, signed into law March 23, advisors...