Political Capital

Posts tagged: Congressional Budget Office

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...

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Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Bloomberg by the Numbers: 2.8%

    The federal budget deficit will be 2.8 percent of gross domestic product this fiscal year, according to a Congressional Budget Office projection.  That would mark a decline in the deficit from 4.1 percent of the economy in fiscal...

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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...

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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...

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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...

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A worker sands a piece of custom furniture at a manufacturing facility in South Elgin, Illinois.

Photograph by Tim Boyle/Bloomberg

A worker sands a piece of custom furniture at a manufacturing facility in South Elgin, Illinois.

Bloomberg by the Numbers: 21%

That’s how much the deficit fell last month compared with November 2012, according to the Treasury Department. Expressed in terms of dollar figures, the deficit fell to $135.2 billion last month from $172.1 billion a year earlier, or a decrease...

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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...

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