Congressional Budget Office

Republicans ready for showdown with more glitter than reality

Republicans ready for showdown with more glitter than reality

Spouting more philosoply than reality, House Republicans brag they are ready for a fight with President Barack Obama over health care and other issues but hill watchers admit the GOP posturing is more grandstanding than anything else. “It’s new energy,” incoming House Speaker John Boehner told reporters on the eve of his swearing-in. The oath-taking […]

Obama delays 2012 budget release

Obama delays 2012 budget release

President Barack Obama, who has pledged to tackle long-term U.S. debt and deficit challenges, will delay the delivery of his fiscal year 2012 budget by about a week until after February 14. An administration official said on Monday the delay was due to the long time it took for the U.S. Senate to confirm Jack […]

Immigration landmines threaten Democrats

Immigration landmines threaten Democrats

The chance for hundreds of thousands of foreign-born youngsters brought to the country illegally to gain legal status is dwindling as time runs out on the Democratic-controlled Congress. Senate Democratic leaders will try Wednesday to advance legislation that would pave the way for legalizing the young immigrants, over opposition by most Republicans and several in […]

Health care ‘reform’ could undermine employee plans

Health care ‘reform’ could undermine employee plans

The new health care law wasn’t supposed to undercut employer plans that have provided most people in the U.S. with coverage for generations. But last week a leading manufacturer told workers their costs will jump partly because of the law. Also, a Democratic governor laid out a scheme for employers to get out of health […]

Both parties play the economic blame game

Both parties play the economic blame game

If you don’t like the economy, blame President Barack Obama and Democrats because they’re making times tougher, Republicans are telling voters entering the four-week homestretch to an election the GOP hopes will return the party to power in Congress. Look, Democrats say, it’s the Republicans who caused the financial meltdown and recession. Do you want […]

Obama’s ratings take another nosedive

Obama’s ratings take another nosedive

More Americans now disapprove of President Barack Obama than approve of him as high unemployment and government spending scare voters ahead of November’s midterm elections, Reuters/Ipsos poll found on Tuesday. In the latest grim news for Obama’s Democrats, 72 percent of people said they were very worried about joblessness and 67 percent were very concerned […]

White House budget chief quitting

White House budget chief quitting

White House Budget Director Peter Orszag’s expected resignation would make him the first high-profile member of President Barack Obama’s team to depart the administration. A Democratic official said Monday that Orszag is expected to leave in the coming months, although the exact timing is not known. The official confirmed the news to The Associated Press […]

First jobs bill clears Congress

First jobs bill clears Congress

A package of tax breaks and highway spending cleared Congress on Wednesday, the first of what Democrats hope will be several efforts to bring down the 9.7 percent unemployment rate. The Senate passed the $17.6 billion measure by a vote of 68 to 29 and sent it to President Barack Obama, who will sign it […]

Obama caught in another lie: Premiums will rise under plan

Obama caught in another lie: Premiums will rise under plan

Buyers, beware: President Barack Obama says his health care overhaul will lower premiums by double digits, but check the fine print. Premiums are likely to keep going up even if the health care bill passes, experts say. If cost controls work as advertised, annual increases would level off with time. But don’t look for a […]

Final full-court press on health care

Final full-court press on health care

Days away from a make-or-break vote on his health care overhaul, President Barack Obama is turning up the pressure as only presidents can, as Democratic leaders make a desperate scramble for votes. The president is wooing freshman Democrats in the Oval Office, holding at least two one-on-one sessions in the past few days that never […]