News


After the House of Representatives passed a budget and a stop-gap measure to fund the government through the end of the fiscal year today, Congress is now poised to turn its attention to a fresh battle over a looming debt limit increase.

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The White House is expected to release its 2014 budget proposal on Wednesday, laying out the president’s vision for how Congress should structure taxes and spending.

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President Barack Obama fired up wonks across Washington Friday with a single phrase: chained CPI.

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Quick, which segment of federal spending will grow fastest from 2015 through 2021? Did you guess Medicare? If you did, you’d be wrong.

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The economic recovery, which looked promising as the year began, appears ready to stall for the third year in a row. And once more, Washington gets much of the blame.

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The sequester, the series of federal budget cuts that went into effect March 1, remains for many in this city a theoretical concept.

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In the week ending March 30, the advance figure for seasonally adjusted initial claims was 385,000, an increase of 28,000 from the previous week’s unrevised figure of 357,000. The 4-week moving average was 354,250, an increase of 11,250 from the previous week’s unrevised average of 343,000.

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THE 2009 economic stimulus package has come and gone. So, too, have the temporary payroll tax cuts of 2011-12. Most of the Bush-era tax cuts, in addition, have been made permanent. Yet the lasting effects of these policies have been meager.

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The number of Americans filing new claims for unemployment benefits rose last week, but not enough to suggest the labor market recovery was taking a step back.

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As I mentioned in an earlier blog post, we think that some of our answers to follow-up questions from Congressional hearings may be of general interest, so we’re posting them.

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The Senate did its part today to stave off a government shutdown by passing a continuing resolution in order to keep the government funded.

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Leaders in both parties voiced confidence in an emerging House immigration agreement, giving momentum to an issue that has been a bright spot early in President Obama’s second term.

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