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Analysis: Don't Look For The CBO Scoring To Keep AHCA Bill Off Trump's Desk
Friday, May 26, 2017 - 3:18pm | 660Height Securities released its latest analysis of the American Health Care Act Friday following the Congressional Budget Office’s scoring report. Height analyst Stefanie Miller believes the CBO’s scoring will not hinder Republican efforts to move the bill through to the President...
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U.S. Government Spending Cut To Lowest Level In Decades; National Debt Rises Anyway
Tuesday, August 23, 2016 - 9:14am | 336According to CNN Money, the amount of spending the U.S. federal government oversees is actually sitting at a multi-decade low. CNN Money, citing the Congressional Budget Office (CBO), reported on Monday that within 10 years, defense and domestic spending is on pace to decline to the lowest level as...
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Market Wrap For February 19: Stocks Close Lower, Nasdaq Ends Winning Streak
Wednesday, February 19, 2014 - 6:01pm | 2948U.S. stocks finished the day near session lows as investors found little reason to be bullish. Housing data came in poor and failed to rally the bulls. Several Fed members raised the idea of a rate hike but “participants agreed that, with the unemployment rate approaching 6.5 percent, it would...
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Market Wrap For February 5: Markets Unsure Of Which Direction To Take
Wednesday, February 5, 2014 - 5:47pm | 3034U.S. stocks finished the day almost unchanged as investors and traders were presented with a mixed bag of data today. A better than expected report on the service sector negated another report that showed that companies added fewer employees to their payrolls than anticipated in January. The...
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Barron's Recap: The Baby Boom Budget Bomb
Sunday, September 29, 2013 - 3:49pm | 807This weekend in Barron's online: the looming economic calamity if entitlement spending is not reined in, as well as the prospects for AMC Networks, Prem Watsa and more. Cover Story "What, Me Worry?" by Gene Epstein. Unless Washington stops dithering, says this week's cover story in Barron's, the...
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CBO Chief: Nation's Debt Is "Unsustainable"
Thursday, April 8, 2010 - 5:31pm | 181Doug Elmendorf, the head of the Congressional Budget Office, stated today that the fiscal path of the U.S. is unsustainable and requires major intervention. Elmendorf pointed to an estimate that found that the national debt would swell from 53% of GDP to 90% of GDP by 2020 if Pres. Obama's 2011...