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Secretary of the Treasury Timothy Geithner has warned Congress that the statutory debt limit could be reached by the end of March. As of last week, total debt outstanding that is subject to the limit was $13.95 trillion, approximately $335…


Last week the House adopted budget enforcement rules that restrict spending but exempt tax cuts. Included are rules that weaken PAYGO by excluding revenues, allow reconciliation to be used for deficit-financed tax cuts, permit the chairman of the Budget Committee…


Urban Institute scholar Gene Steuerle has run the numbers and found that for Medicare, retirees are getting a really good deal.In a fascinating set of calculations, Steuerle and colleague Stephanie Rennane, looked at both Social Security and Medicare and estimated the levels of benefits relative…


A recent Congressional Budget Office report warns that interest payments on the national debt could explode over the next decade.Dropping rates over the past two years resulted in declining interest payments as a percentage of GDP. Continued federal borrowing, economic…


A recent Congressional Budget Office report warns that interest payments on the national debt could swell to unprecedented levels unless lawmakers act to curb the growing imbalance between revenues and spending.Although total interest costs will depend on a variety of…


With the ink barely dry on a $858 billion tax cut and spending bill, Concord Coalition Executive Director Robert L. Bixby says, Washington has been hit with an official reminder that steps to rein in the nation’s debt cannot be…


With the ink barely dry on a $858 billion tax cut and emergency spending bill, lawmakers were hit with an official reminder last week that steps to rein in the nation’s growing debt cannot be postponed much longer.According to the…


American adults have turned traditional holiday values on their heads by buying gifts for ourselves and putting it on the national credit card for our children to pay. That’s how Sara Imhof, The Concord Coalition’s Midwest regional director, views the…


A federal judge put a cloud over this year's health care reform legislation by ruling last week that a key provision – the individual mandate to buy insurance – was unconstitutional. But the judge declared the mandate “severable” from the…


Congress approved and President Obama signed legislation last week that will increase projected budget deficits by $858 billion. The additional borrowing would finance two-year extensions of the Bush tax cuts, a 13-month extension of unemployment benefits, and a one-year reduction…


This week Congress is expected to act on a continuing resolution (CR) that will fund most federal agencies at last year's levels through March 4. Action is necessary because neither the $1.09 trillion full-year CR passed by the House nor…


The legal term severable normally gets little notice outside the world of constitutional law -- yet now it has become a big buzzword amongst health care analysts and federal budget wonks. The reason has to do with the numerous legal challenges to the Accountable Care Act's individual mandate to purchase…

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