Congressional Budget Office News
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The U.S. budget deficit will shrink by the end of fiscal 2013 to $642 billion, the smallest shortfall in five years, according to the nonpartisan Congressional Budget Office.
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The U.S. House Agriculture Committee will debate legislation today to reauthorize farm programs, a day after the Senate panel approved a version that will cost $955 billion over 10 years.
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Treasury 10-year note yields reached two-month highs as speculation the Federal Reserve may consider tapering its record bond-purchase program crimped demand for the securities as equities indexes traded at record levels.
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Two million fewer people than previously estimated will gain health coverage under the U.S. Affordable Care Act as new rules allow some uninsured Americans to avoid a mandate for participation, the Congressional Budget Office said.
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Lawmakers who last year failed to complete a rewrite of U.S. agricultural policy will restart their effort this week with pressure building for even bigger cuts for farmers and food-stamp recipients.
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The share of workers opting to take company medical coverage rather than more take-home pay rose in Massachusetts after the state overhauled its health system in 2006, a result the U.S. Affordable Care Act may replicate, a report suggests.
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Wall Street’s biggest bond dealers are starting to forecast that the U.S. Treasury will reduce the size of its debt auctions in coming months for the first time in three years as government revenue soars.
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A shrinking U.S. federal deficit is undermining the favorite tax-and-spending arguments of both Republicans and Democrats.
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Group of Seven nations agreed on the need to toughen international rules to prevent rich individuals and corporations avoiding taxes, with greater efforts to prevent tax evasion that deprives governments of billions of dollars.
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The Heritage Foundation said one of the authors of a report released this week criticizing a bipartisan Senate plan to revise U.S. immigration laws has resigned.
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