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The congressional conference committee on the budget got off to a leisurely start and now appears to have bogged down after only two public meetings – and less than a month away from a Dec. 13 deadline to complete its…


In recent interviews and speeches, Defense Secretary Chuck Hagel says the military is “challenging every past assumption, every past formula” for allocating budget resources as he tries to reorganize the military for 21st century challenges in the face of a rapidly…


Senators Jeanne Shaheen (D-N.H.) and Johnny Isakson (R-Ga.) are from different parties and different regions but they share a belief that moving the federal budget to a two-year process would lead to a more strategic and thoughtful result than the…


The Congressional Budget Office says federal revenues were lower than expected in the last few months of Fiscal 2013, resulting in a deficit that was $38 billion higher than CBO had projected in May.The Treasury Department’s final number for the…


Twitter’s IPO last week focused some bipartisan attention on provisions in the tax code that are unfair, costly to the federal Treasury and ripe for reform.Sen. Carl Levin (D-Mich.) and Sen. John McCain (R-Ariz.), the chairman and ranking member of…


A halt in small business loans, lost tourism to national parks, and even a delay in the Alaskan crab season were among the costly effects of last month’s government shutdown, according to the Office of Management and Budget (OMB).An OMB…


As lawmakers continue their work this week on a new five-year farm bill, they should be cutting unnecessary agricultural subsidies -- especially those going to extremely wealthy Americans.Savings on agricultural subsidies could be put to good use in a broader…


While Social Security benefits are going up automatically, the government’s nutritional assistance benefits are going down – and have been targeted for even further reductions.Last Friday a recession-related increase in the Supplemental Nutrition Assistance Program (SNAP) was allowed to expire.…


A cost-of-living adjustment (COLA) will increase Social Security benefits by 1.5 percent in January, resulting in an average monthly raise of $19 for millions of disabled and retired workers.The adjustment, announced last week by the Social Security administration, is based…


With the budget conference committee facing a mid-December deadline to reach a bipartisan deal, the work has shifted to private discussions among various groups of lawmakers.Expectations for the committee, which held its opening session Wednesday, have been low. But if…


Although the federal deficit fell sharply over the last year as the economic recovery continued, this good news should not be used as an excuse to ignore the serious fiscal challenges that Washington still needs to confront.The deficit for Fiscal…


At a luncheon this month in Jackson, Wyoming, former U.S. senator Alan Simpson left no one in doubt about how important he believes it is to fix the federal debt.Nor did Simpson – who co-chaired the National Commission on Fiscal…

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