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Student loan debt appears to have recently surpassed $1 trillion, far higher than previous estimates had indicated, according to the federal Consumer Financial Protection Bureau (CFPB).“Unlike other consumer credit products, student debt keeps growing at a steady clip,” said Rohit…

Despite considerable congressional interest in eliminating many of the tax breaks that favor some individuals over others, a new report by the Congressional Research Service (CRS) warns of a number of complexities in attempting to broaden the tax base.“In a…

The U.S. Supreme Court is hearing arguments today on the constitutionality of a provision in the 2010 health care law that will require most Americans to buy health insurance or face financial penalties.This is the second day of oral arguments…

The Congressional Research Service (CRS) has released a new report by Jane Gravelle and Thomas Hungerford called “The Challenge of Individual Income Tax Reform: An Economic Analysis of Tax Base Broadening.” In a nutshell, the report could be called “Base…

In a 74-22 vote last week, the Senate passed a two-year highway bill authorizing about $109 billion in spending. The previous authorization bill was enacted in 2005 and expired in 2009. Since then Congress has approved several extensions, and the…

The Congressional Budget Office (CBO) estimates that under President Obama’s proposed budget for 2013 deficits would drop for a few years but then rise again, totaling $6.4 trillion over the coming decade. Federal debt held by domestic and foreign investors…

WASHINGTON -- The Concord Coalition today commended House Budget Committee Chairman Paul Ryan (R-WI) for including proposals to rein in federal health care spending and greatly simplify the tax code as part of his Fiscal Year 2013 budget. Concord cautioned,…

There has been a lot of confusion recently about whether the Affordable Care Act (ACA), the health care reform legislation passed in 2010, is now projected to cost substantially more than previously estimated. The short answer is no -- the…