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A huge majority of Americans want a $15 minimum wage, but they waver after...
An overwhelming majority of respondents in a new INSIDER poll indicated they would support a $15 minimum wage, highlighting how a progressive priority has gained support across the ideological...
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The US Navy may need to find another $200 billion over the next 30 years if...
The US Navy's shipbuilding plans may require $200 billion more than the Navy estimates it needs to field a 355-ship force by 2049.The Navy says it needs $660 billion over the next 30 years, but the...
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Nancy Pelosi's bill to lower prescription drug costs would save Medicare a...
The Congressional Budget Office released a report last Friday saying that House Speaker Nancy Pelosi's bill to lower prescription drug costs would lead to massive savings for the federal government,...
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The government's official scorekeeper just poured cold water all over the...
A new CBO report said the economy would shrink by 7% in GDP and that unemployment would surge to 10% in the second quarter, a level unseen since the Great Recession.Lingering effects of the crisis...
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The US economy could take nearly a decade to recover from the coronavirus...
The Congressional Budget Office on Monday lowered its projection for 2020-2030 US economic output, signaling it may take the US economy nearly a decade to recover from the coronavirus pandemic. The CBO...
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The CBO says providing aid to cash-strapped states would deliver a bigger...
The CBO said in a letter to House Democrats that extending a federal lifeline to states would likely provide a bigger economic boost than tax cuts."Other provisions, such as business tax provisions and...
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'It's not $600 or bust': Top Democratic lawmaker opens the door for...
House Majority Leader Steny Hoyer said in a CNN interview that Democrats are not drawing a red line on extending the $600 weekly federal unemployment benefits."Look, it's not $600 or bust. Pelosi said...
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The CBO says the federal debt will nearly equal the size of the entire US...
Summary List PlacementThe amount of debt held by the US government will soon nearly equal the size of the entire economy, the nonpartisan Congressional Budget Office projected on Wednesday.It's set to...
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US government debt will reach nearly twice economy's size in 2050,...
Summary List Placement Lofty borrowing costs and spending on economic relief will push the federal debt to nearly double the size of the US economy, the Congressional Budget Office said in a Monday...
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The US unemployment rate won't return to its pre-pandemic level this decade,...
Summary List PlacementThe US unemployment rate will not hit pre-pandemic levels this decade, according to official projections from the Congressional Budget Office, a nonpartisan government group....
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Without a stimulus, unemployment could stay high for a decade
Summary List PlacementThe US unemployment rate may not reach pre-pandemic levels for the rest of the decade without additional stimulus from the federal government, according to projections from the...
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US government debt will surpass the economy's size in 2021 even without...
Summary List PlacementTotal US public debt is set to overtake the size of the national economy in 2021 even without the $1.9 trillion stimulus plan sought by President Joe Biden, according to the...
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CBO letter signals that Bernie Sanders' minimum wage bill may be able to pass...
Summary List PlacementThe Congressional Budget Office (CBO) — the government's official budget scorekeeper — has said that the Raise the Wage Act of 2021 would have a sizeable impact on the budget....
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Senate Democrats want to speed ahead with Joe Biden's $1.9 trillion COVID...
Summary List PlacementSenate Democrats are gearing up to pass President Joe Biden's $1.9 trillion coronavirus stimulus this week — with or without Republican support. But they still have to hash out...
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The national debt will nearly double by 2051 if taxing and spending stay the...
Summary List PlacementThe federal government's debt pile is on track to nearly double over the next three decades, according to the nonpartisan Congressional Budget Office (CBO).Government debt swelled...
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Democrats see a pathway for lowering prescription drug prices in a...
Summary List PlacementCongressional Democrats want to crack down on drug prices to help pay for President Joe Biden's infrastructure package, according to several lawmakers, including House Speaker...
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The government is more worried about the economic recovery than its debt,...
Summary List PlacementPlacing the economy on track for a full recovery takes precedent over cutting down on the US government's surging debt, Federal Reserve Chair Jerome Powell said.The federal debt...
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Democrats just found out they'll only have one shot at dolling out trillions...
Summary List PlacementPresident Joe Biden has called for more than $4 trillion in spending and increasing taxes on the wealthy and corporations as a way to pay for his ambitious infrastructure plan....
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Every job lost in the pandemic will come back by the middle of next year, the...
Summary List PlacementThe Congressional Budget Office said on Thursday that the US economy was on course to regain all the jobs lost during the pandemic by mid-2022. The nonpartisan scorekeeper...
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Trump blasts $1 trillion bipartisan infrastructure package as 'a disgrace'...
Summary List PlacementFormer President Donald Trump on Saturday blasted the $1 trillion bipartisan infrastructure package that Senate negotiators have spent months delicately putting together. Hours...
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