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After a larger deal fell apart, the House recently voted 378-46 to approve a one-year extension of more than 50 lapsed tax breaks for businesses and other special interests -- unfortunately, without paying for them. The Joint Committee on Taxation…


Lawmakers are unfortunately focusing on renewing several expired tax provisions, mainly benefiting businesses, without offsetting the lost revenue. Initially, lawmakers were negotiating a much larger deal that would have made several expired provisions permanent while extending many others for one…


A new survey of older adults in 11 industrialized countries finds that the Americans “are sicker than their counterparts abroad” and more likely to report problems paying their medical bills and accessing needed health care. Results of the Commonwealth Fund…


With federal spending legislation set to expire next week, appropriators continue to work on a tardy “omnibus” plan for the rest of Fiscal 2015. Republican leaders are weighing their options for using the spending bill in some way short of…


Lawmakers are now focusing on extending a series of tax provisions mainly benefiting businesses for one year after a much larger deal that would have added hundreds of billions of dollars to the deficit collapsed last week. (more…)


Rising compensation costs were a major driver of growth in the defense budget from 2000 to 2014, according to a new report by the Congressional Budget Office (CBO). Budget authority -- the obligations a federal agency can incur in a…


The federal agency that insures pension benefits ran a record deficit of $62 billion in Fiscal 2014, up from $36 billion in 2013, and is warning of difficult times ahead. In its recently released annual report, the Pension Benefit Guaranty…


Members of Congress went home for their Thanksgiving break amid growing doubts about whether they will be able to pass appropriate budget legislation before the end of the year. Lawmakers should have passed a dozen spending bills for Fiscal 2015…


Congressional appropriators are continuing to negotiate on legislation to fund the government in Fiscal 2015, which began Oct. 1. Since then a stop-gap measure has kept the government open by largely continuing funding at Fiscal 2014 levels. But that measure,…


Congress will soon have to decide whether to approve the administration’s recent $5.6 billion request for additional Overseas Contingency Operations (OCO) funding to fight ISIS. The contingency fund generally supports activities related to immediate war efforts and is exempt from…


Part of the long to-do list for the lame duck Congress is deciding whether to authorize new spending for operations against ISIS while setting broader defense priorities in a constrained fiscal environment. The administration recently requested an additional $5.6 billion…


With the contentious mid-term elections over, elected officials should look forward to seize opportunities for bipartisan compromise to reduce projected deficits and meet at least some of the nation’s other fiscal challenges. Three experts on the federal budget discussed such…

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