Blogs

The Department of Defense has begun to scale back its operations to comply with $487 billion in spending cuts that were imposed by the Budget Control Act of 2011 (BCA).The Army plans to remove combat forces from 12 bases and…

Legislation to revamp the nation’s immigration laws is on track for Senate approval this week after an expensive border security amendment passed a key procedural vote yesterday. The amendment would cut into the projected savings of the original legislation, providing…

House and Senate plans for appropriations bills for 2014 are currently about $91 billion apart, setting the stage for a possible government shutdown in October.Appropriations subcommittees in the House and Senate have released “302(b) suballocations” that break down levels for…

Chad Laurie is an intern at The Concord Coalition. (more…)

A new Congressional Budget Office (CBO) report warns of grave difficulties if Washington can’t agree on a new federal debt limit by October or November.As in the past, the Treasury is buying more time on the debt limit with what…

Looking into the details of the recent Social Security Trustees report shows that waiting to reform the program onto a sustainable path will make the job more difficult than if we take action now.An analysis by one of Social Security’s…

Some in Washington are ready to declare victory over the deficit problem, and on Monday Standard & Poor’s said it would revise its credit rating outlook for the government from negative to stable. But the deficit problem is actually still…

One big reason why pundits and policymakers should exercise caution about declaring “mission accomplished” based on near-term deficit projections by the Congressional Budget Office: When projecting future taxation and spending levels, the CBO is legally required to assume that current…