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For several years we’ve heard a familiar tune from the Social Security trustees: Its programs are unsustainable in their current form but insolvency is still years away. This time is different because the next Congress will face a deadline to…


President Obama this month signed a measure that provides $11 billion to fund the Highway Trust Fund through May, relying heavily on a budget gimmick euphemistically known as “pension smoothing.” Congress approved the legislation in late July.The Senate had stripped…


The Medicare and Social Security trustees warned again Monday that Congress must act soon to make the programs more sustainable.In their 2014 report, the trustees said they were most immediately concerned about Social Security’s Disability Insurance program, which under current…


The Senate was scheduled to vote on an $11 billion highway bill later today -- only days before the Department of Transportation (DOT) says it will be forced to begin delaying and cutting payments to state governments for transportation projects.The…


The House and Senate are considering different proposals for immediate funding to boost border security and help federal agencies deal with a surge of migrants from Central America.Republicans indicated today that the House would vote later this week on a…


With hope gone for completing the regular budget process this year, Speaker John Boehner said last week that the House would wait until September to take up a continuing resolution that would keep the government open after the end of…


The House recently passed a short-sighted measure that would cut the 2015 enforcement budget for the Internal Revenue Service (IRS) by 25 percent.Republicans say they are punishing the IRS for its poor response to recent scandals. But this would amount…


A Federal Reserve economist says her research supports theories that suggest intense political partisanship can lead to higher federal deficits as well as weaker economic growth.Marina Azzimonti, an economist at the Federal Reserve Bank of Philadelphia, searched newspapers between 1891…


Congress should find a responsible way to address treatment delays at VA facilities, but it seems increasingly clear that this will be an expensive undertaking.Sloan Gibson, acting secretary of Veterans Affairs, says his department needs $17.6 billion through Fiscal 2017…


Wednesday was the 40th anniversary of the Congressional Budget and Impoundment Control Act, the law that created the Congressional Budget Office (CBO) and the modern budget process.The Bipartisan Policy Center marked the occasion last week with two panel discussions featuring…


The Senate Appropriations Committee approved a $549 billion defense bill last week that leaves out many of the savings proposed by military leaders.The bill, for example, would preserve weapons systems the Pentagon has not requested or wants to retire, including…


The government made an estimated $105.7 billion in improper payments last year, including $62.2 billion for health care, the Government Accountability Office (GAO) says.Beryl Davis, a GAO official, discussed the problem before a House sub-committee last week. Officials from the…

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