President Obama has turned to a well-known expert on the federal budget to run a Defense Department where the administration hopes to dramatically improve efficiency and reduce spending.The President named Leon Panetta, who has been CIA director, to replace Robert…
Many baby boomers put a high priority on “investing” in their children by encouraging good health habits, getting them to doctors and dentists for regular check-ups, and preparing them for college.But Diane Lim Rogers, The Concord Coalition’s chief economist, points…
In a marathon session, the president’s fiscal commission heard suggestions late last month from dozens of organizations and individuals on how to fix Social Security, improve the tax system and tackle other difficult challenges facing the country.The bipartisan commission is…
Federal Reserve Chairman Ben Bernanke said last week that the country must start making tough decisions to rein in future deficits while still meeting the economic needs of an aging population. His unusual focus on fiscal policy came as International…