Iowa Democratic Congressman Bruce Braley Wednesday admonished his Republican congressional colleagues’ support of the payroll tax increase, which Braley says will be a gut-punch to low-income and middle class families.
A new poll from the Washington Post and ABC News reveals mixed messages from the American public over the country’s budget crisis.
With regard to fixing the federal deficit, trust in congressional Republicans edged out trust in President Obama by a slight margin, but on the issues, More…
This week’s report that the S&P index has cut its outlook on America’s credit future from “stable” to “negative” was clouded by questions of the index’s credibility. But a more objective voice has entered the fray to underscore the S&P’s analysis.
Olivier Blanchard, chief economist for the International Monetary More…
The stock market dipped Monday following news that the S&P Index dropped its outlook on the United States’ credit rating from “stable” to “negative.” The cut isn’t an official assessment, but merely a hint at what may be in the cards for America’s credit rating if the national debt More…
Sen. Al Franken introduced legislation on Wednesday that would require Congress to pay for future wars and ensure that they do not add to the federal budget deficit. The Pay for War Resolution gives Congress the option to finance war through budget cuts, creating new revenue or a combination of More…
The Congressional Budget Office released its Budget and Economic Outlook for fiscal years through 2021, estimating that unemployment will likely remain high until 2016 with modest job growth.
The CBO expects that the unemployment rate will fall to 9.2 percent in the fourth quarter of 2011, 8.2 percent in the fourth More…
President Obama just fielded questions about the way forward following last night’s election and the huge gains made by Republicans in the House. He refused to concede that his policy decisions made up to this point in his presidency are the reason the electorate voted overwhelmingly against Democrats last night, More…
After a year of talking about the growing federal deficit, one might guess that both Democrats and Republicans would feel compelled to have an adult conversation about the issue after the bipartisan debt-reduction commission reports its findings in December and a new Congress kicks off next year. The New York Times, More…
Republican House candidates, especially challengers seeking to portray themselves as outsiders to Washington politics, are almost universally running on a platform that our federal deficit has gotten out of control. They’re also almost all opposed to letting the Bush tax cuts expire, however, so they’re going to have to propose More…
A few weeks ago, I noted that in a new Gallup poll, Americans ranked terrorism and the national debt evenly — above health care costs, unemployment and climate change — as the most pressing issues for the country. Here’s the chart:
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