Blogs

The Pentagon is warning that budget caps scheduled to take effect after next year could mean cuts to readiness, modernization and force structure that would increase national security risks.The future spending caps are based on sequestration-level funding. After next year,…

The Bipartisan Policy Center (BPC) launched its Personal Savings Initiative at a press conference Wednesday featuring former Senate Budget Committee Chairman Kent Conrad (D-N.D.) and Jim Lockhart, former deputy commissioner of the Social Security Administration.Lockhart and Conrad will chair an…

The differences between the 10-year budget plans by President Obama and the House of Representatives would be difficult to resolve under the best of circumstances.Without a Senate plan, however, there is no prospect of a concurrent congressional budget resolution --…

Although the federal deficit has dropped significantly since the four-year string of trillion-dollar-plus shortfalls that began in 2009, under current law the deficits will start rising again soon.Sara Imhof, Midwest field director for The Concord Coalition, and Loren Adler, research…

All dressed up and nowhere to go. That’s the sad situation with the federal budget process. We now have 10-year budget proposals from President Obama and the House of Representatives. They are quite different and would be very difficult to…

The Government Accountability Office (GAO) has released its fourth annual report detailing specific ways in which Congress and federal agencies can improve efficiency by reducing fragmentation, overlap and duplication.Politicians too often vaguely suggest that eliminating waste, fraud and abuse can…

House Republicans passed a budget plan last week that outlines their priorities but does not reflect much interest in bipartisan compromises on broad fiscal reforms this year. The budget passed on a 219-205 vote, without any Democratic support.Senate Democrats --…

The Congressional Budget Office (CBO) released new projections Monday that show the federal deficit dropping to 2.8 percent of GDP in this fiscal year, nearly a third less than last year’s shortfall. Citizens and elected officials should remember, however, that…