#Federal Budget

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…

The Congressional Budget Office (CBO) today released new long-term projections that underscore the need for Washington to move beyond excessive partisanship and budget gimmickry to pursue the broad fiscal reforms necessary to meet the nation’s fiscal and demographic challenges.“There are…

The gyms are packed this month as people try to follow through on their New Year’s resolutions to get into better shape. Sara Imhof, Midwest regional director for The Concord Coalition, wrote in an op-ed Sunday that the nation’s fiscal…

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…

In their latest updates on Social Security and Medicare, the trustees for the programs include data that show the growing strain they will put on the rest of the federal budget unless Washington can agree on a long-term fiscal sustainability…

I. Introduction The annual Budget and Economic Outlook released on Feb. 5 by the Congressional Budget Office (CBO) contained some good news. The deficit is coming down. The debt is relatively stable over the coming 10 years. Revenues are going…

I. Introduction Federal borrowing is once again near the statutory debt limit. At the end of last year, Secretary of the Treasury Timothy Geithner notified Congress that the $16.394 trillion limit had been reached and that his department would begin…