#Federal Budget

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Deficits would total $6 trillion over the next 10 years under President Obama’s proposed Fiscal 2016 budget, according to the Congressional Budget Office. While still troubling, that would be $1.2 trillion lower than CBO’s recently updated projections under current law.…


Former U.S. congressmen William H. Zeliff (R-N.H.) and Richard N. Swett (D-N.H.) revisited their time on Capitol Hill when they spoke to the Manchester Rotary Club last week on a familiar topic: Fixing the federal budget. While representing different parties,…


WASHINGTON -- The Concord Coalition today welcomed the proposed House budget resolution for its goal of reining in future deficits but cautioned against assumptions of reduced spending that are vague and unrealistic, and against revenue projections that are at odds…


In less than three months, the highway bill enacted last July will expire and the program’s trust fund will face imminent depletion. (more…)


The Congressional Budget Office (CBO) yesterday released new projections showing the federal deficit at $486 billion in 2015, about the same as last year. This is $18 billion higher than the budget office’s January estimate. After this year, deficits are…


The House will reportedly vote soon on legislation that would fund the Homeland Security Department for the rest of Fiscal 2015 without reversing President Obama’s immigration policies. While this development angered some conservatives, House approval would presumably break the logjam…


Keith Hall, who served as chief economist for President George W. Bush’s Council of Economic Advisers, will become director of the Congressional Budget Office (CBO) April 1. The appointment was announced last week by the chairmen of the congressional budget…


A hearing by the House Ways and Means Social Security subcommittee last week drew attention to the impending insolvency of the Disability Insurance (DI) trust fund in 2016. While there were some disagreements, there was also a clear bipartisan consensus…


Nearly five months after Fiscal 2015 began and with a stop-gap measure expiring this Friday, the House and Senate remain in an embarrassing tug-of-war over Homeland Security spending. Last month the House approved a $39.7 billion current-year funding bill but…


Politicians like to talk about good news, including benefits from government programs. But former U.S. senators Evan Bayh (D-Ind.) and Judd Gregg (R-N.H.) note that politicians “are far less interested in talking about the bad news and hard choices on…


This year’s Economic Report of the President cheers 2014 as a “breakthrough year” for the country’s recovery and advocates policies that the administration says will encourage further growth and strengthen the middle class. “The unemployment rate plunged to its lowest…


The Government Accountability Office (GAO) recently reported improvements since 2013 in many problematic areas in the federal government but also noted growing concerns in veterans health care, information technology and tax law enforcement. The agency’s new biennial update on “high-risk”…

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