Blogs

Although Congress has set a general course for reduced military spending in the years ahead, in May lawmakers in both parties again rejected specific cost-saving measures proposed by the administration and the Pentagon.Late in the month, the House approved a…

Between 2012 and 2050, America’s 65-and-older population will almost double in size to 83.7 million, according to new Census Bureau projections.The bureau recently released two reports -- one on the aging population and another focusing on the Baby Boom --…

Politicians and policy experts from across the political spectrum agreed on one thing at a “Fiscal Summit” last Wednesday: Despite the falling deficit, our fundamental fiscal challenges have not yet been adequately addressed.The fifth annual summit held in Washington by…

Congress may have lost interest this year in dealing with the nation’s long-term fiscal challenges, but an updated online game gives average citizens the chance to put together their own federal deficit-reduction plans.The Federal Budget Challenge lets players weigh some…

The House voted 274-131 earlier this month to make the Research and Development Tax Credit permanent without offsetting the cost. The vote was the first to renew one of the expired tax provisions known as “extenders.”Making this tax credit permanent…

The Highway Trust Fund is projected to run a $164 billion shortfall over the next 10 years unless lawmakers take action, according to the Congressional Budget Office (CBO).The trust fund consists of two accounts: one for highway work, which receives…

Despite its grim title of “Dead Men Ruling,” Eugene Steuerle’s new book offers an optimistic message about the nation’s future as he calls for greater fiscal responsibility and generational fairness.In a blog post discussing the book, Concord Coalition Executive Director…

While many in Washington have put fiscal sustainability on the back burner, the Government Accountability Office (GAO) offers an important reminder of the need for prompt fiscal reforms.“Significant action to change the long-term fiscal path must be taken soon to…