Beginning in January, approximately $109 billion in across-the-board spending cuts are scheduled to automatically take effect. Known in budget policy circles as a “sequester,” these cuts are unusual in that the executive branch directs how the spending cuts occur, as…
House Republicans last week approved a one-year extension of the Bush-era tax cuts after rejecting a Democratic proposal to limit the extension to family incomes below $250,000 a year.The Republican plan was approved on a 256-171 vote, mostly along party…
Rep. Steven LaTourette’s announcement this week that he will not seek re-election underscores the difficulties that face elected officials who try to take a constructive, bipartisan approach to dealing with the nation’s most important challenges – notably the need for…
As European leaders sought last week to reassure global markets, a forum in Washington outlined the fiscal, financial and economic difficulties that Europe continues to face – and the risks those problems present for the United States. A central theme…