A new presentation by the Congressional Budget Office showcases the difficult choices lawmakers and military leaders must make over the next several years to comply with lower caps on defense spending.The presentation shows options for downsizing the armed forces, reforming…
In a move that many saw as inevitable unless lawmakers acted, the Department of Transportation announced recently that the dwindling Highway Trust Fund would have to begin delaying payments to state governments in August. (more…)
After Democrats and Republicans agreed late last year to overall spending levels for 2015, there were widespread hopes that smoother sailing was ahead for the appropriations process this year.Halfway through the year, however, the House has passed only five of…
Short-term improvements in the federal government’s finances have led to widespread complacency in Washington about fiscal reform. (more…)
