Understanding the Federal Debt Limit
Congress voted in November 2015 to again suspend the federal debt limit.
If you are looking for straight talk on the country's fiscal crisis, the best place to find it is at bipartisan think-tanks, where experts are willing to face the daunting math, and challenge the p
Last week the Department of Health and Human Services (HHS) announced its second major move towards “bundled payments” in Medicare.
In the midst of a “bleak” time for the nation’s long-term finances, Phil LaRue, The Concord Coalition’s director of government relations, recently noted three small signs of fiscal life in Washington.
The Congressional Budget Office (CBO) and the Social Security and Medicare trustees continue to point out the dangerous consequences of continued failure to put federal finances on a sustainable path. But some lawmakers and candidates are promising large new tax cuts or benefit increases without considering their costs, LaRue writes in a blog post.
The overall budget picture in Washington remains bleak as lawmakers have left town without making any meaningful progress on the appropriations process. They are now anticipating a September scramble to approve a Continuing Resolution (CR) to keep the government open after the new fiscal year begins Oct. 1. This means Congress, yet again, would be falling back on legislation that indiscriminately maintains the funding levels of the previous year, with little or no attention to the necessity of increased or decreased funding levels for important programs.