The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional ...

Tagged with: Congress Congressional Budget Office federal budget national deficit Trump

President Donald Trump is withdrawing a plan to ease the financial bite of costly medications for people on Medicare by letting them receive rebates that drugmakers now pay to insurers and middlemen, the White House said Thursday. The once-highly promoted ...

Tagged with: Congressional Budget Office drug rebate Health and Human Services Secretary Alex Azar Insurance Medicare President Donald Trump

A tough economy and the prospect of Cass Sunstein as regulatory czar may moderate the Obama administration’s wholesale elimination of President George W. Bush’s last-minute rules and the direction of U.S. health and safety policy. Transition officials and congressional Democrats ...

Tagged with: Barack Obama Cass Sunstein Congressional Budget Office economy George W. Bush jobs Office of Management and Budget Peter Orszag

We are in the midst of a crisis caused by so many financial institutions borrowing too much money. Somehow, a critical mass of policymakers now believes that the correct response is for the U.S. government to borrow too much money. ...

Tagged with: Barack Obama Congressional Budget Office crisis deficit George W. Bush