Congressional Budget Office

Cashing in Uncle Sam’s IOUs

Cashing in Uncle Sam’s IOUs

The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration. It’s time to start cashing them in. For more than two decades, Social Security collected more money in payroll taxes than it […]

Democrats add student aid to health bill

Democrats add student aid to health bill

Under White House pressure to act swiftly, House and Senate Democratic leaders reached for agreement Friday on President Barack Obama‘s health care bill, sweetened suddenly by fresh billions for student aid and a sense that breakthroughs are at hand. “It won’t be long,” before lawmakers vote, predicted Speaker Nancy Pelosi. She said neither liberals’ disappointment […]

Are Dems close to sealing health care deal?

Are Dems close to sealing health care deal?

Top Democrats say they are resolving disputes over President Barack Obama‘s health overhaul plan, but they face decisions on subsidizing coverage and are still hunting votes to push the vast package through Congress. House Democrats were meeting again Friday to discuss the still-evolving plan and for leaders to try to soothe lawmakers worried about the […]

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