In the latest Fiscal Fridays interview, Republican presidential candidate Rand Paul called the federal debt “the most important problem we face” and said he would try to balance the budget in five years even while cutting taxes. Paul, a U.S.…
President Obama will deliver his final State of the Union address tonight, reviewing his accomplishments and presenting what White House Chief of Staff Denis McDonough described Sunday as a “big, optimistic, generous view of the future of America.” Optimism about…
Congressional leaders say they are aiming for a more timely and effective budget process this year, one that would let the government start the next fiscal year on Oct. 1 with clear directions and funding decisions. That would be a…
Congress rushed through a budget package last week that will increase spending in the current fiscal year while adding hundreds of billions of dollars to the debt over the next decade by extending some tax breaks and making others permanent.…
