As the President and Congress consider deficit reduction options and an increase in the debt limit, budget process proposals have recently become popular on Capitol Hill. (more…)
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…
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…
The President’s fiscal commission is dividing its work among three subgroups that will focus on taxes, discretionary spending, and mandatory spending for programs such as Social Security and Medicare.These working groups will meet on Wednesdays, on a rotating basis. The…