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More tax revenue, less need for budget cuts

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 question for lawmakers: Should they renew,…

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

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, the Congressional Budget Office said on…

Senate immigration bill gets boost from budget office

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 would boost the economy and reduce…

Lowered deficit forecasts also lowers drive for budget deal

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 programs appear to be fading. A…

Obama”s budget: Higher, then lower deficits?

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 would be $1.1 trillion lower over…

High cost of health care attacks Pentagon

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 — the military’s health care system.…

Dire budget warnings from two former federal fiscal chiefs

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 Social Security payments and end decade-old…

Sequester budget impacts on jobs are exaggerated

Sequester budget impacts on jobs are exaggerated

Deep government spending cuts are unlikely to weigh on employment as heavily as initially feared, with most of the impact reducing hours worked rather than payrolls, according to economists. The…

Fed not expected to relax interest rates during economic surge

Fed not expected to relax interest rates during economic surge

The U.S. economy is strengthening on the fuel of more job growth, rising home prices and solid retail sales. Just don’t expect the Federal Reserve to let up in its…

Sequestration won’t deliver promised savings on budget

Sequestration won’t deliver promised savings on budget

On paper, there’s one thing to like about the ugly spending cuts due to kick in on Friday: $85 billion in budget savings at a time when Washington continues to…