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The economy has shown “substantial strength” in the past year, with rapid job growth, rising wages and growing consumer confidence, according to the 70th annual Economic Report of the President. But the report, released last week by the President’s Council…

House Republicans continue to debate how to approach this year’s budget work, with a large faction -- the Republican Study Committee (RSC) -- joining in the opposition to additional spending that was part of a bipartisan budget agreement last fall.…

The Congressional Budget Office (CBO) has told lawmakers that “mandatory” spending programs that are means-tested are expected to grow more slowly over the next 10 years than those that are not means-tested. Mandatory programs do not require congressional approval each…

There is ample opportunity to make federal spending on highways more productive, according to a new Congressional Budget Office (CBO) report. Funding formulas that the federal government uses to apportion spending to each state do not correspond well to how…

The administration is seeking roughly $1 billion in additional IRS funding that the agency says could improve customer service and step up enforcement work, resulting in billions of dollars in additional federal revenue. IRS Commissioner John Koskinen faced Republican skepticism,…

Premiums for employment-based health insurance this year will average about $6,400 for single coverage and $15,500 for family coverage, according to projections by the Congressional Budget Office (CBO) and the Joint Committee on Taxation. In a new report, the CBO…

The federal debt has reached $19 trillion, an omen of increasingly severe financial difficulties for the United States unless Washington approves sweeping budget reforms. Well over $13.6 trillion of that total is known as “debt owed to the public,” meaning…

With the presidential primary season underway, voters should ask themselves which candidates are offering credible solutions to deal with the nation’s difficult fiscal challenges. “Whoever becomes the next president will face an unsustainable rise in the debt that threatens to…