Center On Budget And Policy Priorities News
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David Stockman’s warning that the Federal Reserve’s quantitative easing is steering the world’s largest economy toward a crash is at odds with nine quarters of job growth, record stock prices and unprecedented corporate earnings, former fiscal and monetary policy makers said.
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A winning $338 million Powerball ticket was sold at a Passaic liquor store, the executive director of the New Jersey Lottery said.
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The spending bill Congress passed shows $1.2 trillion in budget cuts that weren’t supposed to happen are now part of the political landscape.
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Ashlee Fields, a single mother in Washington, D.C., knows she could be among 600,000 people culled from a food-aid program after U.S. budget cuts take hold.
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There are two main problems with sequestration. The first is that the $1.1 trillion in budget cuts happen in an idiotic, across-the-board fashion. Think farm subsidies are less valuable than medical research, and thus should take a bigger cut? Too bad. Sequestration is too dumb to tell the difference.
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One day last month, Republican Senator Johnny Isakson got an accidental phone call from Vice President Joe Biden.
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After eight years as a guidance counselor at Scotts Valley High School and more than 14 years with the district in Santa Cruz County, California, Kimberly Frey says she lost her job in June as part of budget cuts.
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The ranks of poor Americans remained at a record high number last year, even after government-aid programs such as food stamps, housing vouchers and heating subsidies were included, the U.S. Census Bureau said today.
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A plan to cap U.S. government spending that’s gaining support in the Senate could require deep cuts to Medicare and Medicaid that parallel those proposed in House Republican Paul Ryan ’s budget.
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President Barack Obama said the proposals in his State of the Union speech won’t increase the U.S. deficit “by a single dime.” He didn’t say they’d be free.
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