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A last-minute Republican plan to extend certain tax breaks and create some new ones appears to face dim prospects this month. Time is running short for the lame-duck Congress, and a scheduled House vote was postponed on Friday. Senate passage…


A bipartisan commission recently released a report filled with alarming language about the country’s ability to defend itself against China, Russia and other threats. “The security and well-being of the United States are at greater risk than at any time…


Amid bipartisan frustration over the federal budget process, Congress early this year created a special committee to develop reforms that could enable lawmakers to pass spending bills on schedule and in a more effective and thoughtful manner. There were high…


Returning to Washington this week, Congress and President Trump face a pile of leftover budget work that they should try to complete with a greater sense of fiscal responsibility than they have shown in the recent past. Even if the…


Congressional candidates have said little, if anything, about the federal government’s deteriorating finances. When the winners turn their attention to legislating, however, they will find that ignoring the problem did not make it go away. The first budget they are…


Since 2001 the Defense Department has received $2.2 trillion in special funding that has been on top of the basic defense budgets that Congress has approved through regular annual appropriations. That amounts to 20 percent of total defense appropriations over…


The Treasury Department’s final report for Fiscal Year 2018, showing a 17 percent ($113 billion) jump in the deficit, has drawn new attention to the nation’s worsening fiscal position and injected the issue into the midterm congressional campaigns. The sobering…


How do high and rising federal deficits hurt ordinary Americans? With the Treasury Department’s recent announcement that the deficit had climbed to $779 billion in the fiscal year that just ended -- a 17 percent increase over the previous year…


Social Security benefits for more than 67 million Americans will increase 2.8 percent next year, the federal government announced yesterday. The increase, which is tied to the government’s Consumer Price Index (CPI), is the highest in seven years. While older Americans…


The federal deficit for Fiscal 2018 totaled $782 billion, an increase of $116 billion over the previous fiscal year, the Congressional Budget Office (CBO) estimated late last week. While those numbers are troubling enough, they get even worse when shifts…


With the federal deficit projected to exceed $1 trillion in Fiscal 2020, many economists worry that Washington’s heavy borrowing to cut taxes and increase spending could make it more difficult to counteract the next economic downturn. At an event this…


Today, Oct. 1, marks the beginning of the federal government’s 2019 fiscal year. Fortunately, there will be no government shutdown because Congress has passed and the president has signed five of the 12 annual appropriation bills for Fiscal 2019, along…

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