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Women losing coverage under Obamacare, too
Topic - Congressional Budget Office
Soon after the tea party era began in Congress in 2011, President Obama and House Budget Committee Chairman Paul Ryan each released their budgets, proposing how much the government should tax and spend over the rest of the decade.
According to the CBO, the net cost of the Affordable Care Act is projected to be cost $5 billion less in 2014 than originally projected.
Obamacare will be cheaper than initially predicted because the plans health insurers are offering through the exchanges are not as generous as those most Americans get through their jobs, according to a new analysis Monday by the Congressional Budget Office.
A congressional report released Monday predicts slightly smaller deficits both this year and over the coming decade, with lower spending on federal health care spending being the main reason.
The Affordable Care Act's health insurance subsidies will cost a little less than previously thought, according to a new report released Monday.
The federal government ran a $413 billion deficit through the first half of fiscal 2014, according to a new estimate Monday from the Congressional Budget Office that showed continued improvement in the nation's fiscal picture.
The minimum wage hike that Congress imposed on two U.S. territories in 2007 has harmed their economies so profoundly that it's prompted howls for mercy from both governors.
Obamacare's six-month enrollment period ended Monday, with the administration claiming Tuesday that more than 7 million people signed up. There are lots of reasons why its claims of success should be taken with a large grain of salt.
House Budget Committee Chairman Paul Ryan unveiled an updated Republican budget plan Tuesday that would slash $5.1 trillion in federal spending over coming decade and promises to balance the government's books with wide-ranging cuts in programs like food stamps and government-paid health care for the poor and working class.
One of the best ways to spark stronger growth in the economy, economists say, is to increase immigration.
The potential annual growth rate in the U.S. has downshifted because of an aging population, reduced immigration, growing income inequality and other factors.
February was not kind to supporters of the liberal agenda.
Congress's chief budget scorekeeper is sticking by his recent report saying that raising the minimum wage to $10.10 would probably reduce employment by 500,000 jobs, but conceded Wednesday the figure is "a central estimate in a wide range."
Seeking to give new momentum to his proposal to raise the national minimum wage, President Obama said Wednesday that hiking the rate to $10.10 an hour will chiefly benefit women, who make up the majority of minimum-wage workers struggling in the economy.
An employment decline is the much-publicized verdict of the Congressional Budget Office's recent analysis of Obamacare, but increased income inequality is the overlooked threat arising from it.