The Congressional Budget Office (CBO) released its Budget and Economic Outlook for 2013–2023 today. Here are five major takeaways: 1) Health care entitlement spending is bypassing all other spending. Spending on Medicare, Medicaid, Obamacare subsidies, and the Children’s Health Insurance Program will be greater than all other spending—including Social Security and defense spending: “Spending for… Read more »
The Federal Reserve concluded its first policy meeting of the year Wednesday and elected to go with continuity rather than any major changes to their policy stance. Recognizing a “pause” in the economy, the Fed said the causes were temporary but that it would keep buying bonds and keep its target interest rate near zero…. Read more »
Sen. Jeff Merkley (D-OR) Okay, before we decide once and for all whether this is a win or a loss, there are a few things I want out on the table. And the first point, appropriately enough, is that whenever you’re talking about the Senate, since the answer to any question about it is either… Read more »
Today, the International Monetary Fund, led by its chief economist, Olivier Blanchard, unveiled the latest update to its World Economic Outlook, a regularly amended forecast of growth in major world economies, and the world at large. Here’s what you should take away from its findings. 1. The United States is growing more slowly. While the… Read more »