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Congressional Budget Office news, photos and video - ky3.com
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    Feb 6, 2013 |Story| Petoskey News

  1. CBO: Budget deficit estimated at $845B

    WASHINGTON (AP) — The federal budget deficit will drop below $1 trillion for the first time in President Barack Obama's tenure in office, a new report said Tuesday. The Congressional Budget Office analysis said the government will run a $845...

    Tags: Medicare, Children's Health, Government Health Care, Washington, DC, U.S. Congress

    2. Feb 6, 2013 |Story| Petoskey News

  2. Obama urges stopgap budget deal to avoid deep cuts

    WASHINGTON (AP) — Eager to buy time and avoid economic pain, President Barack Obama urged Congress on Tuesday to pass targeted short-term spending cuts and higher taxes as a way to put off sweeping, automatic cuts that would slice deeply into military and domestic programs starting March 1.
    WASHINGTON (AP) — Eager to buy time and avoid economic pain, President Barack Obama urged Congress on Tuesday to pass targeted short-term spending cuts and higher taxes as a way to put off sweeping, automatic cuts that would slice deeply into...

    Tags: Medicare, John Boehner, Republican Party, White House, Harry Reid

    3. Feb 6, 2013 |Story| Baltimore Sun

  3. The sequester stand-off

    Is this really the best anyone in Washington can do to avert sequestration? President Barack Obama's call for delaying the automatic spending cuts past the March 1 deadline would seem reasonable enough, except he hasn't really offered up a specific plan...

    Tags: John Boehner, American Enterprise Institute, Elections, Mitch McConnell, Eric Cantor

    4. Feb 6, 2013 |Column| Chicago Tribune

  4. MarksJarvis: Investors nervous at peak but keep investing

    It's not unusual to lose your balance while standing on a peak.
    It's not unusual to lose your balance while standing on a peak. And so it goes with the stock market. Investors suffered some fear of heights Monday and sent the Dow Jones industrial average tumbling. It was the worst day of this year, with a triple-...

    Tags: Credit and Debt, Fiscal Cliff, Elections, Government Debt, Italy

    5. Jan 30, 2013 |Story| Petoskey News

  5. GOP lawmakers see automatic cuts as leverage

    WASHINGTON (AP) — Driven by frustration over deficits and debt, Republican conservatives are pushing a politically risky move to permit painfully large automatic spending cuts to strike the Pentagon and domestic programs alike in an effort to force Democrats into making concessions on the budget.
    WASHINGTON (AP) — Driven by frustration over deficits and debt, Republican conservatives are pushing a politically risky move to permit painfully large automatic spending cuts to strike the Pentagon and domestic programs alike in an effort to...

    Tags: U.S. House Committee on Appropriations, John Boehner, Mitch McConnell, White House, Harry Reid

    6. Jan 28, 2013 |Story| Baltimore Sun

  6. The deficit control policy Democrats and Republicans can love

    When it comes to fixing America's ballooning debt problem, there is one policy option that both Democrats and Republicans should be rushing to embrace. It is the proposal to replace the current Consumer Price Index (CPI) with a more accurate measure of...

    Tags: Interior Policy, American Enterprise Institute, Republican Party, Market and Exchange, Politics

    7. Jan 25, 2013 |Story| Baltimore Sun

  7. Military spending isn't the problem

    Letter writer Steve Buff writes that military spending is bankrupting the country ("Military spending is bankrupting the country," Jan. 20). But according to the Congressional Budget Office, military spending doesn't appear to be the problem. The CBO...

    Tags: Defense, Unrest, Conflicts and War

    8. Jan 20, 2013 |Story| Los Angeles Times

  8. Healthcare reform's fail-safe

    Although Republicans are eager to repeal the entire 2010 healthcare reform law, they started the new session of Congress last week by taking aim at one provision in particular: the Independent Payment Advisory Board, a yet-to-be-named group of 15 presidential appointees from various healthcare disciplines that could play a key role in limiting the growth of Medicare spending. Critics argue that it's a bad idea and even un-American to put so much power in the hands of unelected bureaucrats. But with lawmakers seemingly unable to resist the pressure from the healthcare industry to spend freely on Medicare, enlisting the help of independent experts may be the only way to hold down costs.
    Although Republicans are eager to repeal the entire 2010 healthcare reform law, they started the new session of Congress last week by taking aim at one provision in particular: the Independent Payment Advisory Board, a yet-to-be-named group of 15...

    Tags: Medicare, Republican Party, White House, Government Health Care, Judges

    9. Jan 8, 2013 | Chicago Tribune

  9. Source document: Myth vs. Fact on the debt limit

    Change of Subject
    This 2011 release from the U.S. Treasury Dept. is once again relevant: The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and......
    10. Jan 21, 2013 |Story| Baltimore Sun

  10. Congress readies for next fight over federal pay

    Congressional Republicans are stepping up their rhetoric on federal employee pay, positioning the issue as a central bargaining chip in negotiations next month over raising the debt ceiling and keeping the government open.
    Congressional Republicans are stepping up their rhetoric on federal employee pay, positioning the issue as a central bargaining chip in negotiations next month over raising the debt ceiling and keeping the government open. House GOP leaders will hold...

    Tags: MSNBC (tv network), Eric Cantor, Washington, DC, U.S. Congress, Layoffs and Downsizing

    11. Jan 22, 2013 |Story| Los Angeles Times

  11. Sympathy for Phil Mickelson, but not too much

    By <a href="http://sports.yahoo.com/blogs/golf-devil-ball-golf/phil-mickelson-warns-drastic-changes-because-state-federal-165909894--golf.html">complaining</a> that state and federal tax hikes are forcing him to make "drastic changes," Phil Mickelson quickly became the poster boy for conservatives and liberals alike. The former said Mickelson <a href="http://www.forbes.com/sites/robertwood/2013/01/21/phil-mickelson-is-not-alone-in-fleeing-taxes/">epitomizes</a> what happens when lawmakers try to fix their budget problems by soaking the rich. The latter said Mickelson should stop whining and <a href="http://thinkprogress.org/economy/2013/01/22/1476801/mickelson-complains-higher-taxes/?mobile=nc">hire a better accountant</a>.
    By complaining that state and federal tax hikes are forcing him to make "drastic changes," Phil Mickelson quickly became the poster boy for conservatives and liberals alike. The former said Mickelson epitomizes what happens when lawmakers try to fix their...

    Tags: Tiger Woods, Personal Income, State Income Tax, Republican Party, Politics

    12. Jan 19, 2013 |Story| Baltimore Sun

  12. For Democrats, unity and its pitfalls

    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.
    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 Barack Obama's agreement to keep...

    Tags: Interior Policy, Medicare, Fiscal Cliff, John Boehner, Elections

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Congressional Budget Office Photos
Congress is currently embattled in negotiations on the...
(December 4, 2012)
Avoiding the 'fiscal cliff'