Topic: U.S. Congressional Budget Office
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Sequester 101: What happens if $85 billion in cuts hit on March 1
The sequester is a complex concept with a tortuous history. Here are the basics on the automatic spending reductions set to kick in March 1.
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'Fiscal cliff' 101: 5 basic questions answered
President Obama and congressional leaders are working to stop the US from going over the “fiscal cliff,” a combination of higher taxes and lower spending set to take effect Jan. 1. Here are five steps to understanding what's going on.
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6 ways to avoid the 'fiscal cliff'
Republican congressional leaders and President Obama sharply disagree over how to deal with the impending “fiscal cliff.” But a successful plan shouldn’t be that hard to put in place. Here are six ways Washington can avoid the “fiscal cliff.”
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Six points where Mitt Romney and his economic advisers are mostly wrong
Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
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Briefing
Obama vs. Romney 101: 5 ways they differ on debt and deficits
President Obama and Mitt Romney offer sharply different views on how to get the nation back on a sustainable fiscal path. Here are five ways they differ on policies to cope with a soaring debt.
All Content
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Why Obama is pushing for stimulus in 'fiscal cliff' deal (+video)
President Obama's opening offer in 'fiscal cliff' talks includes $255 billion in stimulus spending – tax cuts, incentives, and more. It could be a bargaining ploy or a bid to offset rising taxes on the rich.
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'Fiscal cliff' looms, White House and Congress continue discussions
Obama and Boehner's 15-minute phone call came amid increasing anxiety that the White House and top Republicans are wasting time.
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Focus Obamacare countdown: How will reform affect the economy?
The health-care law could strain household budgets, but drastic impacts on the US economy over the coming decade are unlikely, experts say.
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Fiscal cliff: White House steps up pressure on GOP to reach a deal (+video)
White House economists warn that unless Congress extends expiring middle-class tax cuts 'without delay,' consumer confidence will take a hit at a critical holiday season for retailers.
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Cover Story Five reasons America won't fall off the 'fiscal cliff'
The political and economic ramifications are too big for Washington to let the large tax increases and spending cuts take effect. But this doesn't necessarily mean lawmakers will craft a decisive solution to the nation's fiscal woes.
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'Fiscal cliff' 101: 5 basic questions answered
President Obama and congressional leaders are working to stop the US from going over the “fiscal cliff,” a combination of higher taxes and lower spending set to take effect Jan. 1. Here are five steps to understanding what's going on.
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6 ways to avoid the 'fiscal cliff'
Republican congressional leaders and President Obama sharply disagree over how to deal with the impending “fiscal cliff.” But a successful plan shouldn’t be that hard to put in place. Here are six ways Washington can avoid the “fiscal cliff.”
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Decoder Wire Has John Boehner really agreed to increase taxes on the rich?
Since the election, House Speaker John Boehner (R) has had some conciliatory-sounding words about the need to avoid the 'fiscal cliff.' While he's said 'new revenue' might be part of the solution, it's problematic to assume he means higher taxes on the rich.
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Energy Voices Has Obama turned a corner on climate change?
In response to a reporter's question during his first press conference after reelection, President Obama says he aims to curb the effects of climate change while growing the economy.
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Robert Reich Obama's grand bargain: economy first, deficit second
Any 'grand bargain' to avert the fiscal cliff should contain a starting trigger that begins spending cuts and any middle-class tax increases only when the economy is strong enough, Reich writes.
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'Fiscal cliff' meets debt ceiling: Should Washington tackle both now?
Some analysts say moves to avoid the 'fiscal cliff,' looming as of Jan. 1, should be resolved alongside the need to again address the national debt ceiling, which could hit its limit as soon as February. Others say that's a bridge too far.
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Robert Reich Obama should aim high in deficit negotiations
By raising taxes on wealthy Americans, eliminating breaks for oil and gas companies and other measures, Obama could meet the goal of $4 trillion in deficit reduction over the next decade, Reich writes.
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Robert Reich Democrats, Republicans play economic chicken over taxing the rich
Democrats and Republicans are now maneuvering to maximize their bargaining leverage when they sit down next year to decide whether or not to increase taxes on wealthy Americans, Reich writes.
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Fearing 'cliff,' investors finish brutal week
Wall Street finished one of the worst weeks of the year Friday, pushing Washington to work out a deal to avoid the tax increases and government spending cuts.
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Obama talks 'fiscal cliff.' Why the urgency to reach deal sooner, not later?
Speed is of the essence in dealing with the fiscal cliff, some economists warn. Delaying until late this year – or worse, 2013 – would mean a bigger hit to the US economy, and even a recession.
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CBO: Going over the fiscal cliff is bad, but so is ignoring the national debt
The Congressional Budget Office warns in a report Thursday that allowing tax hikes and spending cuts to occur – going over the fiscal cliff – could cause a recession.
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Senator Schumer 'very heartened' by Boehner's 'fiscal cliff' speech
Sen. Charles Schumer, a key Democratic strategist, saw positive signs in House Speaker John Boehner's comments that he would consider closing tax loopholes to raise new revenue.
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Would tea party accept a Bill Clinton-brokered deal with Obama?
Chastened by Obama’s win, Republicans are taking a hard look at the impact of the tea party wing on the party brand. The real story may be whether that makes the GOP more amenable to a deal.
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Robert Reich Obama's next economy: the danger of the fiscal cliff
President Obama's reelection victory and the pending fiscal cliff give him an opportunity to recast the economic debate, Reich writes.
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Can we live with the budget 'sequester'? Yes, but it’s better if we don’t.
Congress has many incentives to prevent the $100 billion 'sequester', the feared 'fiscal cliff' among them. But it’s main drawback is that it’s a blunt tool for a delicate budgetary task.
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Six points where Mitt Romney and his economic advisers are mostly wrong
Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
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Robert Reich Should the rich pay more?
The biggest issue on which the presidential candidates have given us the clearest choice is whether the rich should pay more in taxes, Reich writes.
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Decoder Wire Do the numbers of Obama's $4 trillion deficit plan add up?
Deficit plans are never set in stone and often more a statement of policy values than a fiscal blueprint. President Obama's is no different. But digging into it offers interesting insight.
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Great expectations for US economy: Are Obama, Romney too optimistic?
Mitt Romney and President Obama both present to voters rosy views of future economic growth. Those scenarios aren't impossible, but it's fair to attach some big asterisks to them.
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Fix the Debt: CEOs launch drive for 'grand bargain.' Is Washington listening?
The Fix the Debt CEOs, who are dedicated to pushing Washington toward a deficit-reducing 'grand bargain,' say they were appalled by the reckless debate over the debt ceiling in 2011.
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