As two new bipartisan plans make clear, serious deficit reduction will require highly controversial changes in the federal budget. But if elected officials reject solid recommendations just because they are unpopular, warns Robert L. Bixby, executive director of The…
The Federal Housing Finance Agency (FHFA) recently released projections showing that Fannie Mae and Freddie Mac could require between $73 billion and $215 billion in additional help from the U.S. Treasury through 2013.The FHFA oversees Fannie Mae and Freddie Mac,…
Reforming entitlement programs, improving health care, revamping the tax system and reducing defense spending were all up for discussion and debate last week as hundreds of people attended two Fiscal Solutions Tour programs in California.The tour, conducted by The Concord…
How Congress reacts to the recommendations later this year from President Obama’s bipartisan fiscal commission will be important for the credit standing of the United States, according to John Chambers, an official with Standard & Poor’s.“It is very important for…