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Lawmakers received a stark warning last week from a host of prominent economic and federal policy experts: The mere prospect of a U.S. default could raise interest rates, forcing taxpayers to pay many billions of dollars more on the government’s…


After a week-long recess, the House continued last week to make progress on FY 2012 appropriations bills. The second and third bills to clear the House were for Military Construction/ Veterans Affairs and Agriculture.The House Appropriations Committee completed action on…


Contradictory reports last week created confusion over the AARP’s stance on possible changes in Social Security. Although the program is now spending more money than it takes in and will face even greater strains as more baby boomers retire, the…


Vice President Joe Biden says the budget talks he chairs are “getting down to the hard stuff” and aiming to curb deficits by $4 trillion over the next decade or so. That's ambitious goal which would be hard to achieve…


In an encouraging vote last week, a bipartisan Senate majority approved a repeal of the ethanol tax credit. Although the repeal is not expected to become law, the 73-27 vote raised the possibility of further bipartisan agreement on the elimination…


With Congress increasingly concerned about military spending in Afghanistan and elsewhere, Leon Panetta signaled last week that as the next secretary of defense he would carefully rein in spending. The former director of the Office of Management and Budget said…


Although Justice Oliver Wendell Holmes once described taxes as “what we pay for civilized society,” political debates over taxes have often been anything but civilized. In recent weeks differences over tax policy in Washington have remained a major obstacle for…


Much of the political debate over health care costs continues to focus on who should pay them rather than how to curb their growth. Republicans want private insurers and individuals to pay while Democrats want the government to be the…


Congress and the White House are accelerating their budget and debt limit negotiations amid growing concerns about the economic recovery and the possibility that a political stalemate could trigger turmoil in the financial markets.After only one meeting so far this…


A shorter version of this column is featured on CNNMoney.com.It is often said that the most expensive piece of medical equipment is the doctor’s pen. Unfortunately, after more than two years of intense debate about health care costs in Washington,…


Many older Americans pay close attention to the big federal entitlement programs that provide them with benefits. But a group of college students in Iowa urges younger people to also focus attention on these programs – and on how politicians…


Two budget experts who are part of The Concord Coalition’s Fiscal Solutions Tour emphasize the importance of Medicare reform in separate blog postings on The American Square.Joe Antos of the American Enterprise Institute criticizes elected officials who downplay Medicare’s impact…

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