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
The expensive tax breaks that lawmakers have been considering tend to get renewed annually.
Congressional negotiators have indicated they are making substantial progress on deals that would cover spending plans for the rest of Fiscal 2016 and the extension of a number of tax breaks for businesses and individuals.
With the fiscal year already two and a half months old, the $1.1 trillion spending plan is long overdue. To avoid a government shutdown, lawmakers last week moved their self-imposed deadline for a deal to this Wednesday, and another delay is likely this week as lawmakers consider whatever legislative proposals emerge from the negotiations.
Donald Trump is often described as an “unconventional” candidate. On the federal budget, however, his campaign promises are entirely too conventional.
As Concord Coalition Executive Director Robert L. Bixby writes in a new blog post, some candidates deny the necessity of entitlement reform. Some want enormous tax cuts without offering credible proposals to prevent this from worsening the debt.