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This year will mark the end of a four-year string of trillion-dollar-plus federal deficits that have troubled the American public and caused turmoil on Capitol Hill. (more…)

Recent developments in Washington have demonstrated both the difficulty of achieving a grand bargain on fiscal reform and why it may still be possible.It became apparent last week that the House and Senate have made no progress on resolving their…

Congress has begun a recess that runs through early September despite completing no appropriations bills and making no progress towards a budget resolution conference.Lawmakers have failed to reconcile the overall spending levels set by the Democratic-controlled Senate and Republican-controlled House.…

The independent Bureau of Economic Analysis (BEA) has released a completely revised look at the size of the U.S. economy from 1929 to the first quarter of 2013. This comes after an accuracy review of its key economic measurements suggested…

A new Congressional Budget Office (CBO) report makes clear that the failure of elected officials to agree on a responsible alternative to sequestration’s indiscriminate spending cuts will cause immediate damage to the economy. The report also shows, however, that ending sequestration…

The Congressional Budget Office (CBO) told lawmakers last week that the Highway Trust Fund would become insolvent in 2015 unless they further limit spending obligations or increase revenue dedicated to the fund.Over the next year the balances of the two…

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.…