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The Latest Breaking News from CBO

Analysis: Unexplained tax revenue growth vexes budget scorekeepers

WASHINGTON — The term “unexplained” doesn’t appear too often in official government documents, unless they are dealing with possible paranormal events, like UFOs. Yet the reference is sprinkled throughout the Congressional Budget Office’s latest budget and economic outlook to describe the recent strength in federal tax receipts that’s blown away…

Tribune News Service

Politicians Cause Real Pain With Inflationary Policies

Inflation damages the economy while doing the greatest harm to the most vulnerable.

Reason

Unexplained tax revenue growth vexes budget scorekeepers - Roll Call

Analysis: The CBO’s latest budget and economic outlook, which describes recent strength in federal tax receipts, is a head-scratcher.

Roll Call

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New CBO Report Exposes Biden's Deficit-Reduction Misinformation

The president is trying to claim credit for falling deficits. Actually, his administration has overseen a $2.4 trillion increase in the long-term deficit.

Reason

Congressional Budget Office says inflation to last into 2023

The Congressional Budget Office says that high inflation will persist into next year

The Independent UK

The 'prolific' criminal who can no longer enter a home or business while wearing a face covering

Dale Simpson was sentenced last week

Manchester Evening News

Seven thieves banned from B&M, Asda, Tesco and Wilko

These men are banned from some of Britain's biggest supermarkets

Liverpool Echo

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Medicare for All Would Be a Terrible Trade

Top-notch health care, delivered fast and for low cost, really isn’t on the government's menu.

Reason

Tax revenue boom fuels steep budget deficit decline - Roll Call

April tax receipts totaled an estimated $864 billion, driving a $308 billion surplus last month. Both figures would be the largest on record.

Roll Call

Don't Wait! The National Debt Is Only Getting Worse

New CBO report shows that the longer Congress waits to deal with the debt, the bigger the problem becomes.

Reason

Aviation program offset blows budget hole in Senate's COVID-19 aid plan - Roll Call

To win Republican support, Senate negotiators promised that a bipartisan COVID-19 aid package would be fully paid for.

Roll Call

Teenager who 'terrorised' community locked up for entering town centre

The 17-year-old had been banned from entering certain areas after an array of offences

Liverpool Echo

MORE Act Means Fewer Cannabis Prisoners, More Opportunity: Conclusions From The Congressional Budget Office's New Scoring

In response to the Congressional Budget Office’s new scoring of the MORE Act (H.R. 3617), US Cannabis Council CEO Steven Hawkins released the following statement:

Benzinga

'Despicable' cowboy builder banned from knocking on every door in the UK

Alan Fitzgerald has received a criminal behaviour order for his repeat offending

Liverpool Echo

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Wales Online

Cowboy builder who fleeced elderly out of thousands banned from door-to-door sales in UK

Alan Fitzgerald has a prolific history of preying on vulnerable pensioners

Daily Mirror

Mum dubbed 'Pizzaface' after descending into heroin addiction and world of crime

Charlene McKerrow, 33, appeared on a police "most wanted" list and clocked up 75 offences and repeatedly went on the run, sleeping on sofas at the homes of friends in Bolton, Greater Manchester

USAFacts

What do the 2017 tax bills mean for the federal budget?

Recent tax legislation will alter federal revenue, spending, and the deficit.

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