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As a recent Chicago Tribune editorial noted, most House members chose last month to “put partisanship above progress on the nation’s debt” by supporting budget plans favored only by one party or the other. But 38 lawmakers voted for bipartisan…


On Capitol Hill this week, several House committees are scheduled to begin making some of the policy decisions necessary to comply with the House budget resolution.To replace savings from the automatic cuts required by last year’s Budget Control Act, the…


A recently released paper by Charles Blahous, one of the two public trustees for Social Security and Medicare, has received considerable attention because of its discussion of trust fund accounting and the 2010 Affordable Care Act. The annual report from…


On today's federal tax filing deadline, it just so happens that Congress and the Administration have been thinking of different ways to raise tax burdens on the rich. (more…)


It’s getting to be that time again when the Social Security and Medicare Trustees release their annual report on the programs’ 75-year outlook. (more…)


On Friday President Obama signed legislation to extend surface transportation programs for an additional 90 days. Earlier last week, the House passed the extension on a 266-158 vote and the Senate passed the bill by voice vote. The previous authorization…


Although spending cuts in last year’s Budget Control Act (BCA) lead to an improved fiscal outlook, the Government Accountability Office (GAO) reminded policymakers this week that the larger long-term budget challenges remain.The law targets discretionary spending and, under two different…


The Supreme Court last week heard arguments on the constitutionality of the 2010 law that revamps the health care system, with conservative justices indicating considerable skepticism over a provision that would require most individuals to buy health insurance or face…


A fiscal reform plan based on comprehensive recommendations by a bipartisan majority of the Simpson-Bowles commission made it to the House floor last week, where 22 Democrats and 16 Republicans joined to give it their support. Although a House majority eventually…


A rare display of bipartisan fiscal cooperation broke out on Capitol Hill last week when 38 House members (22 Democrats and 16 Republicans) braved an onslaught of interest group pressure to vote in favor of a budget resolution designed to…


Mar 30, 2012
Sometimes it can seem like none of our elected representatives are willing to buck their own party leaders, let alone vote for something because it’s for the good of the country, rather than serving some ideological purpose. (more…)


Student loan debt appears to have recently surpassed $1 trillion, far higher than previous estimates had indicated, according to the federal Consumer Financial Protection Bureau (CFPB).“Unlike other consumer credit products, student debt keeps growing at a steady clip,” said Rohit…

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