Political Capital

Posts tagged: cbo

A retiree attends a Senior Information & Resource Fair in South Gate, California.

Photograph by Robyn Beck/AFP via Getty Images

A retiree attends a Senior Information & Resource Fair in South Gate, California.

Bloomberg by the Numbers: 26%

Federal spending is projected to rise to 26 percent of gross domestic product in 2039 from 21 percent in 2013, according to the Congressional Budget Office. Increased spending for Social Security, Medicare, Medicaid, children’s health programs and subsidies for medical...

Read more »



Job seekers line up for the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Photograph by Sam Hodgson/Bloomberg

Job seekers line up for the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Bloomberg by the Numbers: 63%

The labor force participation rate of 63 percent in January underscores how the job market has recovered slowly and partially since a deep recession ended in 2009. The labor force participation rate — the share of people who are 16...

Read more »


Workers apply fiberglass to an inboard speed boat mold at the Mastercraft Boat Co. factory in Vonore, Tennessee, on Feb. 4, 2014.

Photograph by Luke Sharrett/Bloomberg

Workers apply fiberglass to an inboard speed boat mold at the Mastercraft Boat Co. factory in Vonore, Tennessee, on Feb. 4, 2014.

Bloomberg by the Numbers: 3%

The federal budget deficit is projected to be 3 percent of gross domestic product in fiscal year 2014, barring changes to laws governing taxes and spending. That translates to a $514 billion deficit, according to a report the Congressional Budget...

Read more »

Job seekers in San Francisco.

Photograph by David Paul Morris/Bloomberg

Job seekers in San Francisco.

Bloomberg by the Numbers: 1.3 Million

The failure of Congress to extend unemployment benefits means 1.3 million Americans will lose jobless aid beginning tomorrow. House Republicans refused to come up with the estimated $26 billion over two years to extend the program unless the money came from...

Read more »

A jogger runs past the Capitol building in Washington, D.C.

Photograph by Pete Marovich/Bloomberg

A jogger runs past the Capitol building in Washington, D.C.

Bloomberg by the Numbers: $17.1 Trillion

That’s the approximate current federal debt subject to limit. At the moment, there’s no statutory limit on new federal debt because a measure President Barack Obama signed into law Oct. 17 suspended the $16.7 trillion limit through Feb. 7. The...

Read more »


Douglas Elmendorf, director of the Congressional Budget Office, during a House Budget Committee hearing in 2012

Photograph by Andrew Harrer/Bloomberg

Douglas Elmendorf, director of the Congressional Budget Office, during a House Budget Committee hearing in 2012

103 Ways to Leave Your Deficit

For Paul Simon, it was “50 ways to leave your lover.” For Doug Elmendorf, it’s 103 ways to cut your budget. Which may be about equally difficult. The director of the Congressional Budget Office offered Congress today a long list...

Read more »