Congressional Budget Office

On May 12, displaced workers in eight states lost their unemployment benefits from 13 to 20 weeks earlier than expected. So far this year, 400,000 Americans have lost their benefits prematurely, and next month, 70,000 more will.

The nonpartisan Congressional Budget Office is warning that if $607 billion in tax increases and spending cuts all hit as scheduled, the U.S. will likely go into recession in 2013. It's a "fiscal cliff" we don't have to jump off.

Recent government reports confirm that Social Security's finances are still falling apart, and apparently they're getting worse at an ever-faster pace. That shouldn't come as a surprise, and you need to prepare.

President Obama is making the Buffett Rule -- a minimum tax on millionaires who get off easy under the current tax code -- one of the centerpiece of his re-election campaign. Here's what adoption of the tax might mean for all of us.

Last year, the Social Security Administration warned that the program's trust fund was likely to run out of money in 2036, leading to deep cuts in benefits. Now, the Congressional Budget Office says that projection may have been too optimistic.

With all the talk about taxes and whether we should lower them, you'd think that the citizens and corporations of the United States face steep tax rates. You'd be wrong, though. When it comes to taxes, things are not as they appear.

How many Americans have been out of work for more than a year? Around 4.4 million -- about the same as the population of Louisiana. And a disproportionate percentage of those long-term unemployed workers are 55 and older.

It's no secret that many middle-class families are in a financial bind, caught between rising costs and falling incomes. But according to recent government reports, the middle-class squeeze is not a recent development, and isn't likely to disappear anytime soon.

There's trouble ahead for Social Security disability recipients: A new analysis says the fund will begin to run out of money in 2017 as more and more baby boomers enter retirement.

Think you can do better than Congress in coming up with a balanced U.S. budget? Several smartphone apps let you play along with all the fiscal fun happening in Washington. Raise taxes on market speculators? Cut spending on social services? You decide, and these apps will show you the results.