US Consumers Remain on Strike - Morningstar.com

Sat, 08/30/2014 - 8:11am

US Consumers Remain on Strike
Morningstar.com
Also this week, the Congressional Budget Office affirmed that the fiscal deficit would be 2.9% of GDP for fiscal year 2014, which ends next month. And the deficit is likely to remain close to that ... Of course, this is all under current law, and the ...

Rauner's Illinois Rescue - Wall Street Journal

Sat, 08/30/2014 - 3:57am

Wall Street Journal

Rauner's Illinois Rescue
Wall Street Journal
In 2011 the lame-duck Democratic legislature addressed its $13 billion deficit by raising the flat income tax to 5% from 3% and the corporate rate to 7% from 4.8%, which comes on top of a 2.5% personal-property replacement tax levied on most businesses ...

and more »

Why Complacency About the Deficit Could Be Lethal - TheStreet.com

Fri, 08/29/2014 - 4:43pm

Why Complacency About the Deficit Could Be Lethal
TheStreet.com
NEW YORK (TheStreet) -- The Congressional Budget Office has forecast the federal deficit at $506 billion during the current fiscal ending September. The deficit has gone down. That sounds positive in the short term and hugely negative in the long term ...

No to EPA, no to budget deficits, say congressional candidates - Charleston Gazette

Fri, 08/29/2014 - 1:12pm

No to EPA, no to budget deficits, say congressional candidates
Charleston Gazette
All of the major party candidates running for Congress in West Virginia's 1st and 2nd Congressional Districts will work to rein in the Environmental Protection Agency and cut federal spending and none will vote for Rep. Nancy Pelosi for Speaker of the ...

No to EPA, no to budget deficits, say congressional candidates - Charleston Gazette

Fri, 08/29/2014 - 1:12pm

No to EPA, no to budget deficits, say congressional candidates
Charleston Gazette
WHITE SULPHUR SPRINGS, W.Va. -- All of the major party candidates running for Congress in West Virginia's 1st and 2nd Congressional Districts will work to rein in the Environmental Protection Agency and cut federal spending and none will vote for Rep.

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A Half-Trillion Dollar Budget Deficit - Town Hall

Fri, 08/29/2014 - 12:17pm

Town Hall

A Half-Trillion Dollar Budget Deficit
Town Hall
The average recession lasts about two years, followed by a swift recovery The last one that followed the 1981-82 recession was known as a "V" shaped recovery, when the economy surged out of its lethargy, fueled by the Reagan tax cuts, boosting economic ...

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LAMBRO: Clinging to a tax-and-spend doctrine - Washington Times

Thu, 08/28/2014 - 7:32pm

LAMBRO: Clinging to a tax-and-spend doctrine
Washington Times
The Obama administration continues to run up big budget deficits and huge long-term debts that threaten our economic future and put our national security in peril. The nonpartisan Congressional Budget Office released new numbers this week, projecting ...

CBO: Deficit falls to $506 billion, but debt keeps rising - SCNow

Thu, 08/28/2014 - 1:58pm

CBO: Deficit falls to $506 billion, but debt keeps rising
SCNow
The 2014 deficit projection issued Wednesday by the nonpartisan Congressional Budget Office is slightly higher than the agency forecast earlier this year, due in part to lower corporate tax collections. Corporate receipts are forecast to hit $315 ...

Medicare: Not Such a Budget-Buster Anymore - New York Times

Thu, 08/28/2014 - 7:04am

Medicare: Not Such a Budget-Buster Anymore
New York Times
You're looking at the biggest story involving the federal budget and a crucial one for the future of the American economy. Every year for the last six years in a row, the Congressional Budget Office has reduced its estimate for how much the federal ...

Has The Federal Budget Deficit Problem Been Solved? - WUWM

Thu, 08/28/2014 - 6:33am

Washington Times

Has The Federal Budget Deficit Problem Been Solved?
WUWM
You're right, it hasn't been. But there is some good news. The economy's been getting better. Congress raised some taxes. It's restrained spending more than some people had expected. And all that has combined to reduce the deficit for the current ...
Clinging to a tax-and-spend doctrineWashington Times
America's real ice bucket challengeWashington Post
CBO's Spending Projections Map the Coming Fiscal BattleForbes
Sierra Sun Times -Human Events
all 51 news articles »

Has The Federal Budget Deficit Problem Been Solved? - Alabama Public Radio

Thu, 08/28/2014 - 6:24am

CBS News

Has The Federal Budget Deficit Problem Been Solved?
Alabama Public Radio
You're right, it hasn't been. But there is some good news. The economy's been getting better. Congress raised some taxes. It's restrained spending more than some people had expected. And all that has combined to reduce the deficit for the current ...
Congressional Budget Office Update to the Budget and Economic Outlook: 2014 ...Sierra Sun Times
CBO's Spending Projections Map the Coming Fiscal BattleForbes
What's behind the shrinking federal budget gapCBS News
Wall Street Journal (blog)
all 42 news articles »

Has The Federal Budget Deficit Problem Been Solved? - WBAA

Thu, 08/28/2014 - 5:36am

Has The Federal Budget Deficit Problem Been Solved?
WBAA
Congress raised some taxes. It's restrained spending more than some people had expected. And all that has combined to reduce the deficit for the current fiscal year. This year, revenues are expected to be 8 percent ahead of last year, but spending only ...

and more »

Has The Federal Budget Deficit Problem Been Solved? - Public Radio East

Thu, 08/28/2014 - 5:30am

Has The Federal Budget Deficit Problem Been Solved?
Public Radio East
You're right, it hasn't been. But there is some good news. The economy's been getting better. Congress raised some taxes. It's restrained spending more than some people had expected. And all that has combined to reduce the deficit for the current ...

Budget deficit falls to $506 billion, but debt keeps rising - Press Herald

Thu, 08/28/2014 - 4:02am

Budget deficit falls to $506 billion, but debt keeps rising
Press Herald
The 2014 deficit projection issued Wednesday by the nonpartisan Congressional Budget Office is slightly higher than the agency forecast earlier this year, due in part to lower corporate tax collections. Corporate receipts are forecast to hit $315 ...

CBO forecasts $506 billion budget deficit for 2014 - MarketWatch

Thu, 08/28/2014 - 3:10am

MarketWatch

CBO forecasts $506 billion budget deficit for 2014
MarketWatch
WASHINGTON (MarketWatch) — The Congressional Budget Office on Wednesday raised its estimate of the federal government's budget deficit for the current fiscal year as it slashed its growth forecast, and warned red ink was due to rise in coming years if ...

Congressional Budget Office Says Deficit Will Top $500 Billion This Year - Personal Liberty Digest

Thu, 08/28/2014 - 1:07am

Congressional Budget Office Says Deficit Will Top $500 Billion This Year
Personal Liberty Digest
Officials at the nonpartisan Congressional Budget Office said Wednesday that the federal deficit for fiscal 2014 is expected to top out at more than $500 billion, higher than projected due to a drop in corporate tax revenues. The deficit estimate of ...

CBO: Federal deficit to tick up over $500 billion - The Hill

Thu, 08/28/2014 - 12:01am

CBO: Federal deficit to tick up over $500 billion
The Hill
The nonpartisan Congressional Budget Office (CBO) on Wednesday raised its projection for this year's federal deficit to $506 billion. The budget ... Elmendorf added the corporate tax rate has been volatile in recent years, making receipts difficult to ...

Deficit dips; long-term federal budget outlook remains dim - Ames Tribune

Wed, 08/27/2014 - 11:37pm

Deficit dips; long-term federal budget outlook remains dim
Ames Tribune
... The federal deficit continues to decline thanks to budget cuts, slower growth in Medicare costs and increased tax revenue, but the nation's long-term fiscal outlook remains troubled, according to a report Wednesday from the Congressional Budget Office.

UPDATE 2-Weaker corporate tax receipts worsen US budget picture - Reuters

Wed, 08/27/2014 - 6:41pm

UPDATE 2-Weaker corporate tax receipts worsen US budget picture
Reuters
The bigger budget deficit comes because companies are deferring tax payments while they wait for Congress to decide whether to revive expired tax breaks, CBO officials said. Lawmakers are expected to take up legislation after the November elections to ...

The CBO's New Budget Outlook: Debt Ahoy! - National Review Online (blog)

Wed, 08/27/2014 - 5:14pm

The CBO's New Budget Outlook: Debt Ahoy!
National Review Online (blog)
The discrepancy largely stems from lower-than-anticipated corporate-income-tax receipts. What's more, these magically declining budget deficits could easily be reversed by the usual congressional ineptitude. Should a misguided Congress kick the can of ...

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