News
FOX Business | U.S. Posts $53B Budget Surplus in December
The U.S. government last month posted the largest budget surplus for any December on record, boosted by payments from government-controlled housing finance giants Fannie Mae and Freddie Mac.
Bloomberg | State Fiscal Strains Lingering in Recovery, Report Says
U.S. state revenue isn’t rising fast enough to keep up with the cost of funding pensions, health care and public works projects, underscoring financial strains that persist during the economic recovery, according to a report.
Econ Comments & Analysis
Mercatus | State Fiscal Condition: Ranking the 50 States
New research from Sarah Arnett examines states’ abilities to meet their financial obligations in the face of state budget challenges that have far outlasted the Great Recession. Fiscal simulations by the Government Accountability Office suggest that despite recent gains in tax revenues and pension assets, the long-term outlook for states’ fiscal condition is negative (GAO 2013).
Politico | $1.1 trillion spending bill unveiled
House-Senate negotiators rolled out a $1.1 trillion spending bill Monday night — a giant package that fills in the blanks of the December budget agreement and promises to restore some order to government funding over the next year.
Blogs
Heritage Foundation | Want Spending Reduced? Support Cutting Your Favorite Government Program
It’s time for citizens to hold elected officials accountable about spending – even if that means their favorite government-funded program gets axed.
Heritage Foundation | Heritage Experts Weigh In On Massive Omnibus Spending Bill
The following is a running tally of some of the pork projects, ineffective government programs, and giveaways for corporate cronies included in the massive, 1,582-page spending bill. We will update this post with reaction from Heritage experts as they examine the $1.012 trillion bill.
