Congressional Budget Office

If aliens came to earth from outer space in search of intelligent life, Congress is the last place they would look for it. The Republican-led 112th Congress -- in a good week, in session no more than two and a half days -- let the Standard & Poor's credit...

Washington, DC - On Feb. 14, Representatives Kristi Noem (R-SD) and Tim Walz (D-MN), along with six additional cosponsors, introduced bipartisan legislation that would protect our nation's remaining native prairies and prime grasslands. The Protect...

WASHINGTON (AP) — The Federal Reserve isn't yet convinced that the U.S. economy's growth can accelerate without the Fed's drive to keep borrowing costs at record lows. It wants to see sustained improvement. That was the message Fed officials...

In most countries that experience a fiscal crisis, there is no ambiguity about the situation. The government is unable to sell debt at a reasonable interest rate. This probably coincides with a broader shift out of domestic assets, as smart investors...

"The president is in the midst of a charm offensive." -- The Washington Post, referring to President Obama's meetings with congressional Republicans WASHINGTON -- We don't need a charm offensive; we need a candor offensive. The budget debate's central...

WASHINGTON – Reprising austerity themes that define the party, House Republicans unveiled a budget proposal Tuesday that they say would achieve the ambitious goal of balancing in 10 years, but it has no chance of acceptance by Democrats in what is...

WASHINGTON (AP) — Despite constant budget wrangling and finger-pointing by the nation's policy-makers, the government's short-term fiscal outlook isn't all that bad. It's actually getting better — at least for now. Washington is borrowing...

I'd like to offer my thanks to House Budget Committee Chairman Paul D. Ryan (R-Wis.) for doing so much to validate my list of the five biggest lies about "entitlement" programs published on Sunday. Ryan's proposed federal budget, released Tuesday,...

In announcing his wrongheaded proposal to increase the minimum wage to $9 an hour, President Obama spoke in lofty terms: "In the wealthiest nation on Earth," he said in his State of the Union address last month, "no one who works full time should have...

Re "Stuck in a healthcare quagmire," Opinion, March 5 Jonah Goldberg tells us that the Affordable Care Act, or Obamacare, is projected to add $6.2 trillion to our deficit over 75 years. For this "fact," he cites a January study by the Government...

WASHINGTON - Just 2 percent of health plans available to consumers in the private insurance market offer all the coverage that will become mandatory next year under the federal health-care law, a new analysis has found. Only about one in 50 plans now...

OVERLAND PARK, KAN - While 2012 crop insurance indemnity payments have hit a new record high, the taxpayer-funded portion of those losses will be much lower than crop insurance critics warned last summer. That is good news for the future of the...