Congress is again down to the wire on spending legislation for the current fiscal year, which is already half over.
Last week, the Congressional Budget Office published a blog exploring the role of fiscal policy in improving economic productivity.
When The Concord Coalition presents its federal deficit-reduction exercise around the country, many of the pa
Senate Majority Leader Mitch McConnell made headlines recently when he suggested that the GOP must pay for its campaign promises, stating his preference for “deficit-neutral” tax cuts and offsets for new spending.
“I think this level of national debt is dangerous and unacceptable,” McConnell said.
As a candidate, Donald Trump frequently mentioned the size of the debt, but some of his more popular proposals threaten to grow it even larger. Analyses of Trump’s proposed tax cuts, for example, put the cost at $3 trillion to $6 trillion.
The “penny plan” to reduce spending by one cent on every dollar (one percent a year), which has been bouncing around Washington for years, got renewed attention recently from Republican presidential nominee Donald Trump.
Congress is returning from its lengthy recess to a depressingly familiar situation for this time of year: The budget process has broken down and lawmakers have only a few weeks to reach a