As Europe’s debt crisis worsens, American officials and analysts have expressed growing concern about the potential damage it could inflict on the United States. Many also wonder what lessons this country can draw from Europe’s difficulties.The Committee for Economic Development…
The Congressional Budget Office (CBO) has warned that the Pentagon’s base budgetary plans would exceed the spending caps in last year’s Budget Control Act by $14 billion in Fiscal Year 2013 and by $508 billion through 2021, even before taking…
The House Budget Committee last week unanimously approved legislation to require the President to submit a report to Congress detailing how a sequestration would affect programs throughout the federal budget. The bill requires the report to be submitted within 30…
So far this year, the campaigns of both Mitt Romney and President Barack Obama have fallen short in explaining how they believe the nation should deal with the structural imbalances in the federal budget.“Success, both politically and economically, will require…
