Social Security is the largest program in the federal budget. It provides monthly income to over 60 million Americans -- most of whom depend on it as their largest source of retirement income. That spending is financed by a tax…
On Jan. 24, the Congressional Budget Office (CBO) released its budget and economic projections for the next 10 years showing a $9.4 trillion cumulative increase in budget deficits. The projections assume that current law remains in place. The Concord…
In selecting Rep. Mick Mulvaney (R-S.C.) as his budget director, President-elect Donald Trump has chosen a strong advocate of balanced budgets accomplished through deep spending cuts. It will be Mulvaney’s difficult task to craft a budget that adheres to this…
Many politicians, including the president-elect, have focused their efforts to improve federal finances on the elimination of waste, fraud and abuse. While such reforms would be woefully insufficient to address the nation’s broader fiscal challenges, a 2015 report uncovered last…
Lawmakers will face a significant fiscal workload and a limited amount of time when they return to Washington next week following a lengthy recess. (more…)
