News
Wall Street Journal | U.S. Racks Up Smallest Deficit Since 2007
The U.S. last year racked up its smallest budget deficit since 2007, marking an economic shift of fortunes as President Barack Obama and congressional Republicans prepare to face off over legislative priorities this year.
Econ Comments & Analysis
Investors.com | Solar Subsidies Scam Taxpayers And Homeowners
Solar panels are being installed on the roofs of homes and businesses all across America at a record pace. The fad is the latest way for families to "go green" - the energy equivalent of blue recycling bins.
CBO | Final Sequestration Report for Fiscal Year 2015
CBO is required by law to issue a report within 10 days of the end of a session of Congress that provides estimates of the limits (often called “caps”) on discretionary budget authority in effect for each fiscal year through 2021. CBO is also required to report whether, according to its estimates, enacted leg-islation for the current fiscal year has exceeded those caps; if the caps were exceeded, a sequestration (that is, a cellation of budgetary resources) would be required.
CBO | CBO’s 2014 Long-Term Projections for Social Security: Additional Information
Social Security is the federal government's largest single program. Of the 59 million people who currently receive Social Security benefits, about 71 percent are retired workers or their spouses and children, and another 10 percent are survivors of deceased workers; all of those beneficiaries receive payments through Old-Age and Survivors Insurance (OASI). The other 19 percent of beneficiaries are disabled workers or their spouses and children; they receive Disability Insurance (DI) benefits.
