The federal government made $98 billion in improper payments in fiscal 2009, and President Barack Obama will issue an executive order in coming days to combat the problem, his budget director announced Tuesday.
The federal government made $98 billion in improper payments in fiscal 2009, and President Obama will issue an executive order in coming days to combat the problem, his budget director announced Tuesday.
October was another costly month for Uncle Sam. The Treasury Department reported on Thursday that federal coffers racked up a worse-than-expected deficit of $176.4 billion for the month.
A challenge that President Obama made to his Cabinet in April resulted in cost-cutting measures that more than doubled the original $100 million target, his administration said Monday.
The White House has criticized the Congressional Budget Office's findings that the Obama administration's proposal to control Medicare costs would yield a moderate savings of $2 billion over the next decade.
The Obama administration is touting a provocative proposal to give a medical advisory council the power to help decide the scope of coverage that would be eligible for reimbursement under Medicare.
More work is needed on proposed health care reform legislation to ensure that whatever bill eventually gets passed by Congress is budget neutral, Health and Human Services Secretary Kathleen Sebelius said Sunday.
Americans are usually uninterested in legislative procedure. The technical rules that govern the House and Senate are of little concern to average citizens except for those rare moments when procedures become tied up with major policy battles.
The U.S. budget deficit in 2009 is projected to spike to between $1.67 trillion and $1.85 trillion, according to estimates released Friday by the Congressional Budget Office.
The federal government made $98 billion in improper payments in fiscal 2009, and President Barack Obama will issue an executive order in coming days to combat the problem, his budget director announced Tuesday.
The federal government made $98 billion in improper payments in fiscal 2009, and President Obama will issue an executive order in coming days to combat the problem, his budget director announced Tuesday.
October was another costly month for Uncle Sam. The Treasury Department reported on Thursday that federal coffers racked up a worse-than-expected deficit of $176.4 billion for the month.
A challenge that President Obama made to his Cabinet in April resulted in cost-cutting measures that more than doubled the original $100 million target, his administration said Monday.
The White House has criticized the Congressional Budget Office's findings that the Obama administration's proposal to control Medicare costs would yield a moderate savings of $2 billion over the next decade.
The Obama administration is touting a provocative proposal to give a medical advisory council the power to help decide the scope of coverage that would be eligible for reimbursement under Medicare.
More work is needed on proposed health care reform legislation to ensure that whatever bill eventually gets passed by Congress is budget neutral, Health and Human Services Secretary Kathleen Sebelius said Sunday.
Americans are usually uninterested in legislative procedure. The technical rules that govern the House and Senate are of little concern to average citizens except for those rare moments when procedures become tied up with major policy battles.
The U.S. budget deficit in 2009 is projected to spike to between $1.67 trillion and $1.85 trillion, according to estimates released Friday by the Congressional Budget Office.
The White House has rejected South Carolina Gov. Mark Sanford's request to use a portion of the state's allotted federal stimulus funds to pay off state debt instead of spending it on government services or programs.
Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: This president will bring a halt to pork-laden bills.
Facing mounting criticism of a spending package packed with billions of dollars in earmarks, the Obama administration made a vow Sunday: this president will bring a halt to pork-laden bills.
President Obama won't submit a formal 2010 budget request to Congress until next month. But the head-knocking on the Hill over fiscal priorities begins in earnest this week.
At 40, Peter Orszag is the youngest member of the Obama Cabinet and one of People magazine's "hottest." These days he's also front and center of the president's key policy initiatives.
Two White House officials told CNN Wednesday that the proposed budget to be released Thursday will include a $634 billion health care "reserve fund," which is intended to help pay to overhaul the nation's health care system.
As Senate Democrats angle for enough votes to pass an $885 billion economic recovery package, the Obama administration has laid out what it does - and doesn't - want in the final package.
President-elect Barack Obama on Tuesday nominated Peter Orszag to head the Office of Management and Budget (OMB), the president's chief number-crunching department, and said he sees "tough choices" ahead in determining programs to keep or cut.
President-elect Barack Obama on Tuesday will unveil Peter Orszag as his nominee for director of the Office of Management and Budget, two sources close to Obama's transition operation told CNN.
President-elect Barack Obama has picked Peter Orszag, the head of the Congressional Budget Office, to head his Office of Management and Budget, a top Democratic source told CNN Tuesday.
As the Bush administration continued to push Congress to accept its rescue proposal, the president geared up for a prime-time address to the nation Wednesday night - his biggest push yet for the proposed $700 billion bailout of the U.S. financial system.
Average Americans aren't the only ones who think they don't have enough information to assess the Treasury's proposal to buy up to $700 billion of troubled mortgage assets.
As pressure builds on Washington to juice the economy, a one-time consumer rebate has emerged as the likely centerpiece of a $150 billion stimulus program.
The wars in Iraq, Afghanistan and anti terrorist efforts abroad could cost the country $2.4 trillion over the next ten years, according to a report Wednesday.
There will be lots of celebrating in Washington next month when the Treasury announces that the federal budget deficit for fiscal 2007, which ends September 30, will have dropped to a mere $158 billion, give or take a few bucks.
What happens when you boost taxes on high-income folks who manage $2 trillion that is integral to capital markets and spurs innovation, creating the Googles and Genentechs of the world?
NEW YORK (CNN/Money) - More than partisan bickering, genuine intellectual disagreement was in evidence at the Senate Finance Committee hearing on Social Security Tuesday.
The next stage in the battle over Social Security reform begins Tuesday on Capitol Hill, as experts come before the Senate Finance Committee to debate how best to achieve solvency in the system -- with and without individual investment accounts.
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