- Spanish journalists kidnapped by al Qaeda group in Syria
- Nevada rescuers frenzied to find 4 kids, 2 adults lost in snow
- ‘TipsforJesus’ strikes in New York, with three massive tips
- John Podesta jumps aboard Obama ship to sell second-term agenda
- ‘Tis the Season: London florist creates $4.6 million Christmas wreath
- No tailgating allowed at Super Bowl XLVIII
- Pentagon to transport African troops to Central African Republic
- Chinese man fed up with his girlfriend’s shopping jumps to his death
- Ukraine leader to talk with protesters; Washington urges caution
- Pope Francis: A nun saved my life
By Tom Fitton
New photos confirm the attack's coordination and its cover-up
Independent voices from the The Washington Times Communities
Topic - Douglas W. Elmendorf
The Congressional Budget Office said Thursday it will use a type of "dynamic scoring" to evaluate the new Senate immigration bill, dealing a major victory to the legislation's backers.
Congress' official scorekeeper said Tuesday that the federal government's financial picture has improved slightly and the federal deficit this year will drop below $1 trillion for the first time in President Obama's tenure — though a sea of red ink still looms on the horizon.
Vice President Joe Biden has mangled a heaping helping of facts over the years. Despite being newer to presidential-campaign politics, Republican Paul Ryan has already earned something of a reputation for taking flying leaps past reality. How'd they do Thursday night?
The Obama economy is weaker than previously forecast and darker days lie ahead. If you think the feeble economy under this administration is bad, wait until next year when the Congressional Budget Office says it could fall into another deep recession if there's no year-end deal to forestall nearly half-a-trillion dollars in income tax hikes and spending cuts.
Congress' chief scorekeeper warned Wednesday that the country's top lawmakers can't continue to put off big decisions on the budget and the economy much longer, and said either path — belt-tightening now or even deeper cuts later — will be painful.
The Congressional Budget Office gave us a forecast Tuesday of a frightening fiscal catastrophe that threatens to engulf the government in a sea of debt.
The bipartisan supercommittee's proposal for addressing the nation's debt woes is due two weeks from Wednesday, but the panel already has hit a deadline that Congress' official scorekeeper says should be met to ensure the numbers add up.
The congressional debt-reduction panel met publicly for the first time in more than a month Wednesday but offered little public evidence of making progress as the clock ticks toward a Thanksgiving deadline.
The richest 1 percent of Americans have been getting far richer over the past three decades while the middle class and poor have seen their after-tax household income only crawl up in comparison, according to a government study
While a deficit supercommittee in Congress works to cut trillions of dollars, Vice President Joseph R. Biden is touting his efforts to find $1 billion in wasteful government spending here and there.
Congress' chief scorekeeper effectively shortened the window for the new deficit supercommittee to reach a deal, saying Tuesday that if lawmakers are going to meet their Thanksgiving deadline, his office will need to see an agreement at the beginning of November.
The government will run another $1.3 trillion deficit in fiscal 2011, Congress' chief scorekeeper said Wednesday in a report that highlighted both an economy that will struggle over the next few years and a federal budget showing massive red ink for the foreseeable future.
Congress' official scorekeeper said Tuesday that the United States will continue to see slow economic growth for the next several years as job openings and a lack of demand for goods and services continue to block a speedier rebound.
Repeal of Obamacare ought to be a priority not only on constitutional grounds, but also as a move essential to pulling our economy out of its malaise. The head of the Congressional Budget Office (CBO) let slip the reason why in testimony Thursday before the House Budget Committee.
"Allowances in a cap-and-trade system would be valuable financial instruments, so CBO thinks that the creation of allowances by the federal government should be recorded as revenues," CBO Director Douglas W. Elmendorf said in the letter.
He said they expect to submit roughly 600 official cost estimates to Congress in fiscal 2011.