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President Obama and the new Congress face distinct but related fiscal policy challenges over the short and long term. Swift action is necessary both to address immediate needs and develop an “exit strategy” to ensure that our response to the…


When Americans go to the polls on November 4, they will elect a president who will inherit an array of fiscal and economic challenges greater than any new administration has faced since 1933. In his Inaugural Address that year, Franklin…


I. Policy Proposals - Relative to What? Three times every year the Congressional Budget Office (CBO) produces a "baseline" of its budget outlook for the coming decade. As described by CBO, the baseline represents its "best judgment of how the…


I. Introduction The State Children’s Health Insurance Program (SCHIP) is a joint federal-state program that provides health care for children in families with income that is modest but too high to qualify for Medicaid. Approximately 6.6 million children were enrolled…


I. Introduction  The Senate Budget Committee (SBC), voting 12-11 along party lines March 15, approved a Democratic-drafted FY 2008 budget resolution that aims to produce a $132 billion surplus by FY 2012. (more…)

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