Congressional Budget Office

WASHINGTON (AP) — Tweaking the way the government measures inflation sounds like an obscure method to help reduce budget deficits, but over time it would lead to significantly lower Social Security benefits while increasing taxes, mainly on low- and...

WASHINGTON (AP) — Yes, if Mitt Romney wins the White House and his Republican allies retake the Senate, he could shred most of President Barack Obama's health care law without having to overpower a Democratic filibuster. But it won't be as easy...

WASHINGTON (AP) — Republicans pulled out of debt-reduction talks led by Vice President Joe Biden with a flourish on Thursday, blaming Democrats for demanding tax increases as part of a deal rather than accepting more than $1 trillion in cuts to...

When President Obama was selling his health care legislation to Congress, he declared that "the plan I'm proposing will cost around $900 billion over 10 years."�But with the law's major provisions set to kick in next year, a new analysis by the...

A tidal wave of individual income tax payments flooded federal and Connecticut coffers this April, surprising even budget officials, who should have seen it coming. The surge was cause primarily by a predictable increase in 2012 long-term capital gains...

WASHINGTON (AP) — Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter...

* New debt limit reset at $16.7 trillion * No movement seen in Congress on budget talks By David Lawder WASHINGTON, May 20 (Reuters) - The U.S. government added $306 billion in new debt during a four-month suspension of the federal borrowing limit, the...

May 20 (Reuters) - U.S. Treasury Secretary Jack Lew on Monday said the Obama administration was suspending investments in the Civil Service Retirement and Disability Fund, a government employee pension fund, to help the nation keep paying its bills now...

(The author is a Reuters contributor. The opinions expressed are her own.) By Kathleen Kingsbury BOSTON, May 20 (Reuters) - When the Patient Protection and Affordable Care Act, aka Obamacare, starts rolling out in October, it will overhaul how Americans...

By Jason Lange WASHINGTON, May 20 (Reuters) - The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Washington's rush to...

WASHINGTON (AP) — Five months into President Barack Obama's second term, allies and former top aides worry that his overarching goal of economic opportunity has been diminished, partly drowned out by controversies seized upon by Republicans in an...

For decades, war has been waged over the holy grail of America's Arctic frontier, the Arctic National Wildlife Refuge. The wide coastal plain on the edge of the Beaufort Sea contains stunning populations of caribou, grizzly, musk oxen and other wildlife...