congressional budget office

The US deficit topped $1 trillion

The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday.

House set to pass $15 minimum wage act this week

Nearly seven years ago, a week after Black Friday, a few dozen workers walked off their New York City fast food jobs to demonstrate for higher pay. The median wage for fast food workers was $9 an hour, CNN reported at the time. The demand that would soon emerge as the movement's rallying cry — $15 and a union — seemed hopelessly ambitious, like a wild-eyed opening bid.

US monthly deficit largest in 6 years

New Treasury Department numbers show that the US government racked up a $215 billion deficit in February -- the largest monthly deficit in six years.