The Latest

Once again we have a political punt. With no time left on the clock, Senate Democrats and Republicans have approved a deal to avoid the most immediate consequences of the so-called “fiscal cliff.” The defining feature of the deal, however,…

For the third week in a row, I will be discussing the nation’s fiscal challenges on C-SPAN’s Washington Journal

In the Senate last week, the Democratic Steering Committee selected Senator Patty Murray (D-Wash.) to lead the Budget Committee during the 113th Congress. Murray will replace Senator Kent Conrad (D-N.D.), who is retiring at the end of this Congress and…

The stakes in Washington’s current budget battles are particularly high for college students and other young Americans, according to a Concord Coalition chapter on the Madison campus of the University of Wisconsin. (more…)

The federal debt is a “ticking time bomb” that puts the U.S. economy at risk, jeopardizes our standard of living and threatens national security, according to a new report by Strengthening of America – Our Children’s Future.Strengthening of America is…

With the latest exchange of offers, President Obama and House Speaker Boehner have moved closer to a deal that would reduce the deficit by about $2 trillion over the next decade. On the surface, the split between spending cuts and…

The White House has formally requested $60.4 billion in federal funding for recovery from the damage caused by Hurricane Sandy. Acting OMB Director Jeffrey D. Zients wrote that the funding will “include efforts to repair damage to homes and public…

Dozens of lawmakers in both parties have signed a letter to congressional leaders that says a bipartisan agreement to avoid the fiscal cliff should include “a long-term, comprehensive deficit reduction plan.”Leading the effort are Representatives Jim Cooper (D-Tenn.), Steven LaTourette…