The Congressional Budget Office reiterates warnings about Social Security’s long-term finances in a new report that illustrates the need for substantial reforms in the largest single prog
Congress rushed through a budget package last week that will increase spending in the current fiscal year while adding hundreds of billions of dollars to the debt over the next decade by
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.
Donald Trump is often described as an “unconventional” candidate. When it comes to the federal budget, however, his campaign promises are entirely too conventional.
Some candidates deny the necessity of reforming popular entitlement programs such as Medicare and Social Security.
Some candidates propose enormous tax cuts without credible proposals to cut enough spending to prevent this from worsening the debt.
In the latest Fiscal Fridays interview, Republican front-runner Donald Trump said that as president he would cut taxes on businesses and the middle class, maintain current Social Security
National health expenditures grew more quickly in 2014 than in recent years, according to a new report by actuaries at the Centers for Medicare and Medicaid Services (CMS).
Congress last week again failed to address the structural challenges facing the Highway Trust Fund.
With stopgap legislation set to expire on Friday, lawmakers are continuing to work on overdue spending plans for the rest of the fiscal year that began Oct. 1.
There had been hopes that a proposed agreement might be announced Monday, but they proved premature. Neither the White House nor congressional leaders and negotiators sounded particularly upbeat on Monday, with House Majority Leader Kevin McCarthy saying the House might be kept in session through next weekend.