December 21, 2015 Regulation Nation: Gov't regs estimated to pound private sector with $1.8T in costs A new report on the government's regulatory actions was released just before Thanksgiving, and it contains more than 3,300 rules -- which the Competitive Enterprise Institute (CEI) estimates will, together with other regulations, cost more than $1.8 trillion to implement on an annual basis.
December 20, 2015 IRS official who refused to testify, resign signed Tea Party letters in 2012 The IRS official who refused to testify this week -- while claiming she had done nothing wrong -- signed letters to Tea Party groups a year ago that asked them to turn over everything from printouts of their Facebook pages to the credentials of speakers who participated in their events.Â
December 20, 2015 Married couples at disadvantage under ObamaCare Couples enrolling in ObamaCare now face a de facto marriage penalty, with the law making it much harder for those who are married to qualify for subsidies.
December 20, 2015 CBO: Obama budget track would cut deficit $1.1T by 2023 President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress' nonpartisan budget analyst said Friday.
December 20, 2015 Yellen stands by Fed's low interest rate policies Janet Yellen said Thursday that the U.S. economy has regained ground lost to Great Recession but still needs the Federal Reserve's support because unemployment remains too high at 7.3 percent.
December 20, 2015 Treasury Secretary Lew working on improving illegible loopy signature Lew's scrawl consisted of a series of loops that bore no resemblance to his name.
December 20, 2015 US Treasury Secretary Lew visits Asia next week Treasury Secretary Jacob Lew makes a five-nation swing through Asia next week and will reiterate that completion of an ambitious trans-Pacific trade pact by the year's end remains a top U.S. priority.
December 20, 2015 Park Service creating new monuments, landmarks despite sequester cutbacks Two months after the sequester hit, the Department of Interior continues to warn of coast-to-coast cuts for the country's national parks -- and even the partial shut-down of a critical flood warning system. But Sen. Tom Coburn says there's "no shortage of potential savings," pointing out that the department is nevertheless spending millions on newly created monuments and landmarks.Â
December 20, 2015 Yellen calls economy and job market still subpar in testimony prepared for confirmation hearing In testimony prepared for her confirmation hearing Thursday, Yellen said the economy is still performing far below its potential.Â
December 20, 2015 Deep cuts to country's food stamp program kick in as Congress debates more Forty-eight million Americans will have their food stamps benefits slashed starting Friday when a recession-era boost in the Supplemental Nutrition Assistant Program (SNAP), expires.