Elected officials still seem locked into their negotiating positions on the federal debt limit, leading Moody’s to warn that it could soon consider downgrading the government’s credit rating “due to the very small but rising risk of a short-lived default.”The…
Elected officials often approach discussions about deficit reduction as a zero-sum game in which compromise amounts to defeat. But as various experts and bipartisan groups have demonstrated, certain policy options could bring results that should please both parties.“The best ideas…
Later today House Republicans plan to vote down an initial request from the administration to approve an increase in the federal debt limit without spending reductions. The vote will be largely symbolic, coming after several weeks of negotiations between the…
Prospects for fiscal reform efforts by the “Gang of Six” senators were left uncertain after one of the Republicans, Sen. Tom Coburn of Oklahoma, walked away from the talks last week, saying he was on “sabbatical.”On Sunday Sen. Majority Whip…
