Congress has approved a one-year extension of Medicare payment rates for physicians, avoiding steep cuts that would otherwise have taken effect. Rather than finding a better long-term alternative to the current payment formula, lawmakers have repeatedly used stop-gap measures to…
The Congressional Budget Office (CBO) now projects that the cost of the Troubled Asset Relief Program (TARP) will be significantly lower than previous estimates. Congress passed TARP in October 2008 to permit the Treasury Department to purchase or insure "troubled…
A bipartisan majority on the President's fiscal commission has surprised skeptics and pleased deficit hawks by supporting a credible, comprehensive plan to reduce federal deficits and repair the big entitlement programs.The plan would cut the deficit to 2.3 percent of…
This week the House and Senate are expected to act on a new continuing resolution to prevent a government shutdown. The current resolution expires on Friday, and unfortunately Congress has yet to enact a single one of the twelve appropriations…