Congressional Budget Office

On this Memorial Day weekend, as we remember with deepest gratitude the sacrifice of America's military heroes, we also offer our thoughts and prayers for the victims of the Oklahoma tragedy. I've dedicated a half-dozen columns to the single most...

Think back -- back before we knew that the IRS was unacceptably targeting right-wing groups for scrutiny or that the Department of Justice was unbelievably searching the phone records of journalists. Think all the way back to February, when all anyone...

To hear Republicans — and some Democrats — in Congress talk, you'd think food-stamp dollars just disappear into a black hole. The prevailing debate in the Senate and House versions of the farm bill, which contains funding for food stamps...

WASHINGTON, May 23 (Reuters) - A tax on carbon dioxide emissions could help the United States mitigate climate change while significantly increasing government revenue, the nonpartisan Congressional Budget Office said this week. President Barack Obama...

The following editorial appeared in the Philadelphia Daily News on Monday, May 20: Think back back before we knew that the IRS was unacceptably targeting right-wing groups for scrutiny or that the Department of Justice was unbelievably searching the...

WASHINGTON -- More than 100 conservative economists will call on Congress to approve an immigration overhaul, highlighting the potential economic benefits. The letter by the American Action Forum, to be released Thursday, is the latest volley from...

WASHINGTON (Reuters) - The White House threatened on Wednesday to veto a Republican bill to switch federal student loan interest rates to a market-based system, arguing the plan would create more uncertainty for students and families. Under the...

WASHINGTON (AP) — President Barack Obama on Wednesday threatened to veto legislation by House Republicans that would avert a doubling of student loan interest rates on July 1 but allow them to vary with the markets going forward. The White House...

WASHINGTON (Reuters) - Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. Chairman Brady, Vice Chair Klobuchar, and other members of the...

When President Obama was selling his health care legislation to Congress, he declared that "the plan I'm proposing will cost around $900 billion over 10 years."�But with the law's major provisions set to kick in next year, a new analysis by the...

(Reuters) - Treasury Secretary Jack Lew on Monday said the Obama administration was suspending investments in the Civil Service Retirement and Disability Fund, a government employee pension fund, to help the nation keep paying its bills now that a...

A tidal wave of individual income tax payments flooded federal and Connecticut coffers this April, surprising even budget officials, who should have seen it coming. The surge was cause primarily by a predictable increase in 2012 long-term capital gains...