Many elected officials in both parties have long called for tax reform, although they often differ on what tax-related issues need to be addressed.
Congress is again down to the wire on spending legislation for the current fiscal year, which is already half over.
Many Americans are no doubt struggling to understand some of the latest news from Washington about the federal budget.
Today the federal debt limit will be reset at a level equal to the outstanding federal debt (roughly $19.8 trillion).
As a result of our nation’s demographics, Social Security is on an unsustainable path under current policy and needs to undergo reform.
In recent days, there have been questions raised about the credibility of the Congressional Budget Office (CBO).
Last week, the Congressional Budget Office published a blog exploring the role of fiscal policy in improving economic productivity.