Before leaving for the August recess, Speaker of the House John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) announced an agreement on a six-month continuing resolution (CR) to fund the government through March at a level consistent with…
Senate Democrats last week approved a one-year extension of the Bush-era tax cuts for families with incomes of up to $250,000, rejecting a Republican plan to extend the cuts for higher incomes as well. The Senate defeated the Republican plan…
The severe fiscal, financial and economic difficulties in Europe underscore the need for Washington to develop credible plans for comprehensive, long-term fiscal reforms -- in part because spillover problems from Europe could well aggravate U.S. budget challenges. But Europe’s experience…
The "Campaign to Fix the Debt" was officially launched last week in Washington with the goal of pushing Congress to pass a comprehensive fiscal reform plan no later than July 4, 2013. The non-partisan initiative involves an array of organizations,…
