Econ Comments & Analysis
Fortune | How to read President Obama's new budget
Next week President Obama is expected to send Congress his new budget. It's a huge, sprawling document; last year's was 2,476 pages in four volumes. Because no one can absorb all that instantly, here's an insider's guide to the budget for fiscal year 2015, which begins Oct. 1, 2014.
CATO | Obama’s ‘Age of Austerity’ Lie
During his first five years in office, the president has run up more than $5.7 trillion in debt. Of course, some might point out that at least some of the spending during the president’s first year in office can be attributed to President Bush.
Blogs
CBO | Federal Revenues Are Projected to Increase Significantly Over the Next Two Years and Remain Steady as a Share of GDP Thereafter
The federal government’s revenues will increase by 9 percent in 2014 and by another 9 percent in 2015, CBO projects in The Budget and Economic Outlook: 2014 to 2024, reaching $3.3 trillion in 2015—about $530 billion more than receipts in 2013.
