In a speech to the Council on Foreign Relations, Secretary of State Hillary Clinton last week called the debt level “a national security threat” that sends “a message of weakness internationally.” The debt, Clinton said, “undermines our capacity to act in…
The media is buzzing about how House Minority Leader John Boehner and President Obama might be ready to "compromise" on what to do about the Bush tax cuts. From a story by Shailagh Murray and Lori Montgomery in Monday's Washington…
The administration, worried about Democratic election prospects, is considering a new set of tax cuts to stimulate the economy. But Diane Lim Rogers, Concord’s chief economist, argues that the administration’s ideas are neither new nor particularly well thought-out. While the…
The federal budget consists of three broad categories: discretionary spending, mandatory spending, and interest payments on the public debt. Congress decides each year how much funding it will provide for discretionary programs. Mandatory spending, on the other hand, is generally…
