Blogs

Tomorrow the Senate Finance Committee is scheduled to hold a hearing on budget enforcement mechanisms, a topic that has become popular as members of both parties have recently offered proposals to reduce the deficit by changing the budget process.The proposals…

Elected officials in both parties have made what I call “magical, mystery tax pledges” that are at odds with bipartisan approaches to serious deficit reduction:Republicans: Don’t raise revenue above the 40-year historical average of around 18-19 percent of GDP.Democrats, including…

The Bipartisan Policy Center's (BPC's) Debt Reduction Task Force, led by former Senate Budget Committee Chairman Pete Domenici and former White House Budget Director Alice Rivlin, proposed a budget enforcement process last week to attempt to rein in growing federal…

Congressional leaders have completed their appointments to a deficit-reduction panel proposed by President Obama but the group will have little time to develop a long-term plan, and some of those named have not shown great enthusiasm for the broad-based approach…

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…