The next Congress will face difficult budget issues, ranging from the pending insolvency of the trust fund for Social Security disability insurance to proposals to overhaul the inefficient tax code. Yet many candidates for federal office this year -- Democrats, Republicans, incumbents…
Concord Coalition Executive Director Robert L. Bixby told a House subcommittee last week that switching to a two-year budget cycle would make time for better congressional oversight, improve long-term planning and help lawmakers focus on broad fiscal reforms.The testimony came…
Although Federal Reserve officials generally have their hands full with monetary policy, congressional mistakes and miscalculations on the federal budget have led outgoing Federal Reserve Chairman Ben Bernanke to repeatedly offer suggestions on fiscal policy that lawmakers would do well…
Given the acrimonious political environment and the wide discrepancy between the House and Senate budgets, the conference committee now scheduled to report by Dec.13 begins its work with low expectations. However, if the committee approaches its task with flexibility and…
