As the country celebrated the new year, Supreme Court Chief Justice John Roberts completed a holiday tradition of his own by calling for more funding for the judicial system.“The budget remains the single most important issue facing the courts,” he…
Federal investment totaled $531 billion in 2012, amounting to 15 percent of all federal spending and 3 percent of the gross domestic product, according to a new report by the Congressional Budget Office (CBO).While such spending has kept up with…
The federal debt held by investors and foreign countries amounts to 72 percent of the country’s Gross Domestic Product. Except for a short period around the end of World War II, that's the highest level in U.S. history.And although the…
President Obama hailed the two-year budget deal reached by House Budget Committee Chair Paul Ryan (R-Wis.) and Senate Budget Committee Chair Patty Murray (D-Wash.) as a “good first step.” If he meant a good first step toward broader reforms needed…
