Blogs

A bipartisan proposal introduced in the Senate would provide a more complete picture of the long-term impact of current fiscal policies, including their burden on younger Americans and future generations.Senators John Thune (R-S.D.) and Tim Kaine (D-Va.) introduced the Intergenerational…

Members of Congress may soon be heading home for their August recess with little to show in the way of progress on the federal budget. Congress has yet to pass a single appropriations bill to fund government agencies beyond Sept.…

As health care costs claim more and more of the nation’s defense budget, policymakers must make tough decisions about how to rein in those costs.The Congressional Budget Office (CBO) last year projected that spending on the military health system could…

Three recent reports by credit ratings agencies (Moody’s Analytics, Fitch Ratings and Standard and Poor’s) have shown some improvement in the credit outlook for the United States, mostly due to the steadily improving economy and the declining deficit.Moody’s and Standard…

Profitable American companies pay an average of only 12.6 percent of their income in taxes, much less than the official 35 percent corporate tax rate, according to a study released this month by the Government Accountability Office (GAO).Many special provisions…

The House passed a farm bill last week after its first attempt failed at the end of June. To get more Republican votes, all funding for the food stamp program was removed from the legislation -- funding which made up…

The Obama Administration released its Mid-Session Review (MSR) of the budget on Monday. It would be nice to say that this update arrived just in time to clinch the deal on a fiscal sustainability plan, or even a plan to…

The Senate passed a sweeping immigration bill last week aided by a costly amendment that directs $46.3 billion more to be spent on border security than under current law. The Senate waived its budget rules to pass the legislation.The Congressional…