In a Senate Finance Committee hearing last week, the co-chairs of a Bipartisan Policy Center panel discussed proposals to stabilize and eventually reduce the size of the debt compared to the economy.The testimony came from Pete Domenici, a former Republican…
In a 64-35 vote, the Senate last week approved bipartisan legislation to reauthorize farm programs for the next five years. The legislation covers a wide variety of programs administered by the Department of Agriculture, including those that provide farm income…
Uncertainty over how elected officials will deal with key fiscal decisions this year is already “weighing on the economy” and probably reducing spending by individuals and businesses, according to Doug Elmendorf, director of the Congressional Budget Office (CBO). “We think…
Pointing to warnings from congressional budget experts and the trustees who oversee Medicare and Social Security, The Concord Coalition’s Midwest regional director recently emphasized the importance of simultaneously dealing with immediate economic problems while laying the groundwork for broad fiscal…
