News Coverage

Following the passage of the Fiscal Responsibility Act of 2023, House Speaker Kevin McCarthy (R-Calif.) expressed interest in appointing a bipartisan commission to address the nation’s long-term fiscal imbalance. That idea has now drawn support from the newly formed Bipartisan Fiscal Forum. These are…

How to Radically Change Expectations about the Federal Budget Process by Dr. Carolyn Bourdeaux, Senior Visiting Scholar, University of Georgia; Board Member of the Concord Coalition; Former Member of Congress from Georgia’s 7th District Now that we’ve come through the debt…

At 78 years old, Santiago Matheus of Dania Beach is carefully watching the looming political showdown in Washington over whether the nation’s debt ceiling should be raised anew. “Of course I’m worried,” he said. “It would be an unprecedented situation if…

The president’s heavy reliance on tax increases to reduce future deficits, even while increasing spending, obviously makes his budget “dead on arrival” with House Republicans. On the other hand, a deficit reduction plan based solely on spending cuts, as Republicans…

Some Congressional leaders say that all we have to do to get control of our raging national debt is to cut out waste, fraud and abuse. Scour the voluminous federal budget and you will not find line items with those…

Treasury may be able to keep sending out retirees' benefit checks if borrowing cap isn't raised in time. It won't be easy It’s a time-worn argument for raising the debt limit: Without increased borrowing authority, Social Security checks would stop…