OMB

Did Obama Buy Trouble Shopping for a Budget Chief at Walmart?

President Obama has nominated Walmart Foundation president Sylvia Matthews Burwell to be his new director of the Office of Management and Budget. The choice seems unlikely on its face, and a look into the details of her current job directing "targeted giving campaigns" makes it seem even odder.

Where's an Extra $1 Trillion in Spending Going?

Remarkably, Washington spends $1 trillion more a year now than it did a mere three years ago. But trying to figure out where all that extra money is going is no simple matter. However, a lot of slicing and dicing does yield some answers -- none of which are very satisfying.

Uncle Sam Wants You. . .to Buy Treasury Bonds

The Treasury has to find buyers for trillions of dollars in new bonds needed to fund the federal deficit. It hopes average citizens will pony up and invest in some $337 billion worth. But for a host of reasons, "safe" T-bonds might not be a winning investment for you.

Hocus + Pocus = The 2012 Federal Budget Plan

Like all budgets, the federal government's spending plan is all about revenues and expenditures. Unfortunately, Uncle Sam is very good at grossly overestimating tax receipts and grossly underestimating spending. It's enough to make you wonder if any of it is real.