Nobody, including President Obama, is sugarcoating the problem-riddled launch of HealthCare.gov, where uninsured Americans can buy health coverage. Here are five questions about what’s happened.
On the first day of the new Congress, new and old tax laws are being calculated, implemented, and executed. Tax prep firms are ready and waiting to help tax filers while repealing the medical tax device remains on the agenda.
The Congressional Budget Office on Wednesday forecasts that the US economy will grow by just 1.5 percent in 2014, less than the Obama administration's prediction last month that the economy would expand by 2.6 percent. Looking ahead, the CBO said it expected the economy to grow by 3.4 percent over 2015 and 2016.
The penalty for not buying health insurance by March 31, 2014 was $95 per adult or 1 percent of your income. The tax penalty for 2014 increases to $325 or 2 percent, whichever is higher. On Thursday, officials announced an addendum: 2 percent of your income up to $2,448 per person and $12,240 for a family of five.
The White House didn't like the recent Congressional Budget Office report showing that a $10 minimum wage would cost the economy 500,000 jobs. Director Douglas Elmendorf defends both the report and the CBO's work in hyperpartisan times.
Gleckman explains the tough politics of having, and reducing, a deficit.
U.S. farm bill has cleared its final hurdle in the senate, and final passage is expected as early as Tuesday. The $1 trillion farm bill trims food stamps for the poor, expands federal crop insurance, consolidates agricultural conservation programs and ends direct payments to farmers.