Blogs

President Trump’s nominee for chairman of the Council of Economic Advisers (CEA), Kevin Hassett, appeared before the Senate Banking, Housing and Urban Affairs Committee for his confirmation hearing on Tuesday. The nomination of Hassett, an American Enterprise Institute economist, received broad…

Treasury Secretary Steve Mnuchin warned lawmakers recently that the deadline to raise or suspend the federal debt limit may be sooner than previously thought. The change is due to lower-than-expected tax receipts in April, which is typically the best month of the…

Leading policymakers in both parties, business leaders and prominent experts on the federal budget generally agreed at a Washington policy forum Tuesday that the United States faces difficult fiscal challenges and should act soon to deal with them. “Addressing our…

Members and guests of the Charlotte Economics Club in North Carolina gathered for a luncheon on May 18 to hear a trio of fiscal policy experts discuss the massive budgetary challenges facing the nation. Robert Bixby, executive director of The…

Amid all the debate in Washington on health care, taxes and other things, the congressional budget process for the coming year is already behind schedule and seems to have almost been forgotten. Congress has yet to even consider a Fiscal…

Last week, Treasury Secretary Steven Mnuchin and Gary Cohn, chairman of President Trump’s Council of Economic Advisers, unveiled a one-page document that laid out the administration’s priorities for tax reform. While a document with such little detail could hardly be…

Congress is again down to the wire on spending legislation for the current fiscal year, which is already half over. Returning to Washington after a 2-week recess, lawmakers need to take action before a stop-gap measure expires at midnight on…

Experts on the federal budget often warn that excessive federal debt could eventually lead to a fiscal crisis. But what would that actually involve, and how could Washington respond to such a crisis? (more…)