Blogs

House Republicans have adopted a budget they say will make tough but necessary spending cuts to rein in our nation’s burgeoning budget deficits. President Obama says the Republican plan is too radical. He hit the road last week to sell…

Projected federal deficits are so large that Congress should look far beyond the non-defense spending on which it has heavily focused in recent weeks.In a guest commentary on ABC.com, Concord Coalition Executive Director Robert L. Bixby notes that bipartisan groups…

"Where is all of the money going?" While filling out tax returns and writing checks to the federal government, people often ask this question. Finding answers became easier last week when the White House released an online federal tax receipt.By…

The 2011 budget process finally came to a close last week when President Obama signed legislation funding the government for the remainder of the fiscal year. According to the Congressional Budget Office, the $1.05 trillion in non-emergency spending in the…

Here is a trivia question: Under which scenario would Social Security, Medicare and Medicaid make up the larger share of non-interest (i.e. “primary”) federal government spending?A. President Obama’s budgetB. Rep. Paul Ryan’s budget (House Budget Committee)The answer is B.Under Ryan’s…

With a partisan vote of 22-16, the House Budget Committee last week approved Rep. Paul Ryan's proposed 2012 budget resolution and sent it to the House floor. According to the committee, the resolution would reduce deficits for the next 10…

President Obama on Wednesday will propose a broad plan to reduce significantly deficits in the coming years, according to the White House.This is a promising indication that the President will become more focused on the most serious long-term fiscal challenges…

The Treasury Department now estimates that the federal government will reach its legal debt limit no later than May 16, although it could use “extraordinary measures” to avoid default through July 8.Some members of Congress have suggested that refusing to…