U.S. Government

  • 2016-11-07 15:27


    --Congressional Budget Office's Summary of FY'16 Shows Slow Revenue Growth
    --CBO Notes Steadily Rising Costs of Social Security, Medicare, Medicaid

    WASHINGTON (MNI) - Neither Hillary Clinton nor Donald Trump has campaigned extensively on fiscal issues and neither candidate has discussed the nation's budget challenges with noteworthy clarity or candor.

    Nonetheless, the winner of Tuesday's election would do well to spend a few minutes reviewing the Congressional Budget Office's November budget report which provides a concise summary of the nation's finances in fiscal year 2016.

    The CBO report offers a revealing glimpse into the checkbook the next president will inherit January 20, 2017.

    While the CBO has released a myriad of other reports that provide fa

  • 2016-11-07 11:32


    --ABC News/Washington Post Poll Shows Clinton Leading Trump, 47% to 43%
    --Analysts Say Clinton Still Holds Electoral College Advantage
    --To Win, Trump Must Take Most of the Swing States

    WASHINGTON(MNI) - With the messy and mercurial U.S. presidential campaign coming to an end, national opinion polls continue to show Democrat Hillary Clinton holding a small but steady lead over Donald Trump, her Republican opponent.

    The ABC News/Washington Post tracking poll Monday has Clinton leading Trump, 47% to 45%. The Bloomberg poll has her leading, 46% to 43%.

  • 2016-11-04 11:50


    --Think Tank Study Says New President Will Have Limited Fiscal Options
    --Automatic Entitlement Spending To Constrain Next President, Congress
    --Separate Report Argues Tax Reform Is Also Critical

    WASHINGTON (MNI) - As the U.S.'s wildly expensive and hugely contentious presidential campaign comes to its merciful conclusion on Tuesday, either Hillary Clinton or Donald Trump will soon need to begin contemplating the task of governing.

    A report this week by several prominent think tanks argues that the next American president will have far less running room on fiscal policy than his or her campaign proposals have indicated.

    The report by the Urban-Brookings Tax Policy Center and the Committee for a Responsible Federal Budget says that fiscal pressures caused by

  • 2016-11-03 09:49


    --New York Times/CBS Poll Sees Clinton Up 45% to 42%
    --ABC News/Washington Post Poll Shows Clinton Leading Trump, 47% to 45%
    --Cook Political Report Says Clinton Still Holds Electoral College Lead

    WASHINGTON(MNI) - With five days to go before Election Day, national opinion polls show Democrat Hillary Clinton with a narrow lead over Donald Trump, her Republican opponent, but that lead has shrunk over the past week.

    The ABC News/Washington Post tracking poll Thursday has Clinton leading Trump, 47% to 45%.

  • 2016-11-02 12:05


    --Retransmitting 12:58 ET Story; '2016' in Headline
    --Fiscal Analysts Say Clinton's Plan Doesn't Help Long-Term Outlook
    --Experts Say Trump Plan Significantly Worsens Fiscal Challenges

    WASHINGTON(MNI) - About 10 days ago, as the U.S.

  • 2016-11-02 11:58


    --Fiscal Analysts Say Clinton's Plan Doesn't Help Long-Term Outlook
    --Experts Say Trump Plan Significantly Worsens Fiscal Challenges

    WASHINGTON(MNI) - About 10 days ago, as the U.S.

  • 2016-11-01 14:48


    --CFO Sees Possible Precursors to Credit Deterioration

    WASHINGTON (MNI) - Freddie Mac is taking precautions to guard against a future deterioration in mortgage credit quality signaled by any "precursor" in credit card and auto loans despite its positive earnings result for the third quarter, an improvement in the single-family mortgage delinquency rate and continuing stellar performance of multi-family mortgages, Freddie Mac executives said Tuesday.

    Freddie reported $3.6 billion in net interest income, $2.3 billion in net income, a $2.3 billion payment to Treasury and a 6 basis-point improvement in the single-family mortgage delinquency rate, to 1.02%.

  • 2016-11-01 13:18


    --ABC News/Washington Post Poll Shows Trump Leading Clinton, 46% to 45%
    --Cook Political Report Says Clinton Still Enjoys Electoral College Lead
    --Pollsters Say 11 Swing States Will Decide Next President

    WASHINGTON(MNI) - With a week to go before Election Day, national opinion polls are both hugely important and totally irrelevant for Hillary Clinton, the Democrat candidate for president, and Donald Trump, her Republican opponent.

  • 2016-10-31 14:00


    WASHINGTON (MNI) - The U.S. Treasury Monday estimated it will borrow $188 billion of net marketable debt in the fourth quarter of 2016, assuming a $390 billion cash balance on December 31.

    Previously, the Treasury estimated it would borrow $182 billion in the quarter, with a $390 billion cash balance at the end of December.

    In the third quarter of 2016, Treasury borrowed $222 billion, while the end-of-quarter cash balance was $353 billion. Treasury had previously estimated it would borrow $201 billion in the third quarter, assuming a $350 billion cash balance on September 30.

    "The increased borrowing was driven by a combination of modestly lower receipts, higher outlays, and the slightly higher end-of-quarter cash balance," Treasury said.

  • 2016-10-31 11:35


    --ABC News/Washington Post Poll Shows Clinton Leading Trump, 46% to 45%
    --Clinton Fade Imperils Democratic Bid To Win Senate, Gain House Seats

    WASHINGTON(MNI) - A striking feature of the 2016 presidential campaign is that whichever candidate happens to be under the most intense examination at a particular time, that candidate's standing declines, often sharply.

    Several weeks ago, intense focus was Trump's weak performances during the three presidential debates, the October 7 release of the "Access Hollywood" video of Trump's 2005 comments about how he treated women, and about a dozen allegations directed at Trump regarding inappropriate behavior towards women.

    Trump's standing plummeted and last week the ABC News/Washington Post tracking poll showed Trump t