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Tight budgets, more income gap

On the fifth anniversary of the Lehman Brothers collapse, President Barack Obama says the Republican focus on budget tightening could widen income disparities in...

Half on Obamacare could need federal aid

About half the people who now buy their own health insurance — and potentially would face higher premiums next year under President Barack Obama's...

In a rare Congressional compromise, student loan bill hits Obama’s desk

At a time when compromise appeared impossible in a gridlocked Congress, a bipartisan deal on the student loan program somehow emerged from Capitol Hill...

More tax revenue, less need for budget cuts

Rising tax receipts are shrinking the federal deficit, and that will shape the budget debate when Congress returns from vacation next month. The big...

CBO says costly Senate-passed immigration will could slash illegals by half

A Senate-passed immigration bill would significantly reduce the flow of illegal immigrants, but increased U.S.-Mexico border security costs would eat into projected budget savings,...

Senate immigration bill gets boost from budget office

Supporters of a far-reaching immigration bill in the Senate see fresh momentum from a report by the Congressional Budget Office that says the measure...

Lowered deficit forecasts also lowers drive for budget deal

The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending...

Obama”s budget: Higher, then lower deficits?

Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but...

High cost of health care attacks Pentagon

The loud, insistent calls in Washington to rein in the rising costs of Social Security and Medicare ignore a major and expensive entitlement program...

Dire budget warnings from two former federal fiscal chiefs

Two former budget chiefs who worked for presidents from opposing political parties said on Monday that the government should reduce military spending, scale back...