by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
Check out the Side by Side Comparison between Current Law, the Obama/Geithner Proposal and the Senate...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The Senate deal to avoid the “fiscal cliff” will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO). The CBO determined Tuesday that the package, hammered out late Monday...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
Here’s a roundup— Unemployment benefits are extended for an additional year benefiting approximately 2 million out of work Americans. Tax credits for college tuition, created by the 2009 stimulus package, are extended for five year, benefiting some 25 million low...
by Jane Richey | Jan 1, 2013 | Fiscal Responsibility, Politics
The Senate early on New Year’s Day voted overwhelmingly in favor of a fiscal cliff deal that would extend tax rates on annual household income under $450,000 and postpones automatic spending cuts for two months. The bill was approved in an 89-8 vote that came...
by Jane Richey | Dec 31, 2012 | Fiscal Responsibility, Politics
The United States will reach its $16.4 trillion borrowing limit on Dec. 31 and undertake “extraordinary measures” to avoid default, the Treasury Department informed congressional leaders in a letter on Wednesday. The notice about the debt ceiling came packaged with a...
by Jane Richey | Dec 31, 2012 | Fiscal Responsibility, Politics
The U.S. government reached its $16.4 trillion borrowing limit on Monday, according to the Treasury Department. Treasury Secretary Timothy Geithner informed congressional leaders in a letter Monday that the government has begun employing “extraordinary...
