The nonpartisan Congressional Budget Office released its annual budget and economic outlook through 2023 on Tuesday, showing that budget deficits will shrink to $845 billion this year, the smallest since 2008 and will drop to $430 billion by 2015, according to CBO’s annual fiscal outlook.
National Journal’s Niraj Chokshi: “1) A brief slowdown, then a growth spurt. 2) Unemployment will drop quickly, and then stabilize. 3) Debt.” Here’s how it breaks down
National Journal writes, “Some laws are hard to kill, even those declared unconstitutional by the Supreme Court. So why is The Stolen Valor Act, which makes it illegal to lie about military records, getting a second life? This time, its supporters have taken the steps to ensure its longevity. Here’s...
National Journal reports that, “In a season of political gridlock, a breakthrough could be near on legislation to promote energy production off the nation’s coastlines. A bipartisan energy bill now being crafted in the Senate could hit a sweet spot between expanding offshore oil and gas drilling, which many Republicans...
The Fix writes, “It’s no secret that the American public views its elected officials with some combination of disgust, disappointment and distrust. Congress’s approval rating is in used-car-salesman territory, and with every legislative crisis it dips, somewhat amazingly, lower. But, as bad things are, there is a tendency to assume...
Politico writes, “The message from Karl Rove's allies to rich donors is pretty simple: We need your cash to avoid repeating the problems that tanked our $300 million 2012 effort, and we can promise you anonymity. The Conservative Victory Project, the new spin-off from Rove's Crossroads groups, will consist of...
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