That’s how much President Barack Obama’s budget proposal would trim federal budget deficits over the next decade, according to the Congressional Budget Office. Obama’s budget would produce deficits of $5.2 trillion between fiscal 2014 and fiscal 2023, compared with $6.3...
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Photograph by Andrew Harrer/Bloomberg
Jeffrey Zients, acting director of the Office of Management and Budget (OMB), speaks during a news conference on April 10, 2013.
Bloomberg by the Numbers: $1.1 Trillion
Photograph by Chip Somodevilla/Getty Images
Copies of the Obama Administration's proposed FY 2014 federal budget at the Government Printing Office Book Store on April 10, 2013 in Washington, DC.
Bloomberg by the Numbers: $642 Bln
That’s the projected budget deficit for fiscal 2013, according to the Congressional Budget Office. That projection is about $200 billion below the $845 billion estimate that CBO released in February. The decrease is “mostly as a result of higher-than-expected revenues...
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Photograph by Spencer Platt/Getty Images
A worker is viewed through protective sheeting on the Brooklyn Bridge on April 30, 2013 in New York City.
Divided Views of U.S. Economy Remain with Jobs Report: BGov
With the employment report today beating expectations – at 165,000 new jobs, above the widely expected 140,000 gain – the U.S. economy continues to chug along at a steady, though unexciting pace. The unemployment rate ticked down by 0.1 percent...
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Photograph by Andrew Harrer/Bloomberg
A police officer rides a bicycle past the Capitol on Feb. 12, 2013.
CBO Addresses Camp Criticism of Global Tax Study
The Congressional Budget Office says it should have sought more outside voices to look at a Jan. 8 report on international tax policy options. The nonpartisan agency responded today to concerns raised by Rep. Dave Camp, chairman of the House Ways and Means...
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Photograph by John Moore/Getty Images
An elderly congregation member in Warren, Ohio.
Bloomberg by the Numbers: $845 Billion
That’s the estimated federal budget deficit for this fiscal year, according to the Congressional Budget Office. “Recent tax increases and spending cuts will help pare the deficit to its lowest level since 2008,” the nonpartisan agency said in the first...
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Photograph by Scott Eells/Bloomberg
The National Debt Clock in New York.
‘Bracket Creep:’ Gov’t Money-Maker
The biggest single reason for higher projected U.S. tax receipts over the next decade has absolutely nothing to do with the rate increases on top earners that took effect last month. That’s only responsible for raising taxes by 0.2 percent...
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Photograph by Alex Wong/Getty Images
President Barack Obama urged the Congress to take action to avoid sequester cuts with a short term budget fix today.
Obama Seeks Short-Term Cuts, Taxes
President Barack Obama called on Congress today to approve another round of short-term budget cuts and also changes in the tax code to eliminate some “loopholes” and avert the next deadline for automatic spending cuts. “If we’re serious about paying...
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Washington’s precarious fiscal-cliff stalemate. Photograph by Steven Puetzer
JPMorgan: Fiscal Cliff Slow-Walking Feeds Stock Market Volatility
Volatility has returned to U.S. stocks since the presidential election, and it’s partly Washington’s fault as the fiscal-cliff stalemate makes investors more and more skittish, according to JPMorgan Chase & Co. And even bigger swings may be on the way...
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Photograph by Evan Vucci/AP Photo
Mitt Romney going to a fundraising event on Aug. 18, 2012 in Nantucket, Mass.
Romney’s Tax Lower Than Average
Mitt Romney says he paid a tax rate of at least 13 percent over the past decade, meaning the millionaire Republican presidential candidate probably paid a lower rate than the average U.S. household. The BGOV Barometer shows the typical household...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
