Congress kicked off the second session of the 113th Congress this week with elected officials still haggling over long-term unemployment compensation while appropriators rushed to complete long-overdue spending legislation.This morning the Senate narrowly voted to proceed with debate on a…
The Senate Monday voted 56-26 to confirm Federal Reserve Vice Chair Janet Yellen as the Fed’s next chairman. Yellen, who will be the first woman to serve in that position, will succeed Ben Bernanke.In nominating her last fall, President Obama…
Opponents of Social Security reform argue that Social Security has nothing to do with the federal deficit, and that any problems the system may have are decades away.Since 2010, however, Social Security has actually been running cash deficits. A new…
The Senate today cleared the way for the expected passage of a two-year budget plan that could avoid a government shut-down next month but reduces the deficit only slightly over the next decade and fails to deal with many critical…
