Many people were urging members of the deficit reduction super committee to “go big.” Now it appears that they will just go away. It’s yet another disappointment in a year that has seen many failed attempts at a “grand bargain”…
The tax proposals in President Obama’s latest deficit-reduction plan have led to partisan charges and counter-charges of “class warfare.” Journalist have focused heavily on his proposed “Buffett Rule,” which Obama says would ensure that people like Omaha billionaire Warren Buffett…
As the President and Congress consider deficit reduction options and an increase in the debt limit, budget process proposals have recently become popular on Capitol Hill. (more…)
* Updated based on the CBO Preliminary Analysis of the President’s Budget released on March 18 As the new chairman of the House Budget Committee, Paul Ryan faces a daunting task in producing a budget resolution that satisfies the policy goals…