federal spending
Economy grows at 2.5%, easing fears of double-dip recessionPosted by RJ and Makay on Oct 27, 2011 |
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The U.S. economy grew at an annual rate of 2.5% in the three months ending September 30, alleviating fears that the nation would fall into another recession, the government reported. Setting aside worries about the economy, consumers and businesses stepped up spending to boost gross domestic product (GDP) growth to its fastest pace in a year.
Potential cost of repealing health care reform: $210 billionPosted by RJ and Makay on Feb 22, 2011 |
Repealing the new U.S. health care reform law enacted last year wouldn't save money. It would actually add $210 billion to the nation's deficit over the next decade, the Congressional Budget Office (CBO) estimates.
A major step in the repeal process, which may or may not be successful, was a House of Representatives measure last month aimed at eliminating a number of provisions designed to reduce federal health care costs and stripping out new revenue-creating taxes and fees. Neither the Senate nor the President Obama support the repeal of health care reform.
