The Latest

In a report this month, the Congressional Budget Office (CBO) concludes that raising the ages of eligibility for Medicare and Social Security benefits would effectively decrease outlays, raise revenues, reduce long-term fiscal imbalances and have a positive economic effect. The…

With Republican presidential candidates campaigning hard in the South, experts on the federal budget told two public forums in Charleston, South Carolina, Thursday that the United States could not afford further delays in dealing with its fiscal and demographic challenges.…

With presidential primary voting today in New Hampshire, it remains important for the candidates to clearly spell out their plans for fiscal reform. (more…)

Although Congress reached agreement last month on a temporary extension of the payroll tax cut, more partisan logjams are widely anticipated in the months ahead – even though compromise and bipartisan cooperation will be needed to make the big policy…

December 23, 2011 was supposed to be a day of high drama in Washington as Congress voted on a deficit reduction plan produced by the congressional super committee. Things didn’t work out that way because the super committee never agreed…

President Obama joined Defense Secretary Leon Panetta and Joint Chiefs of Staff Chairman Gen. Martin Dempsey last Thursday to outline the administration’s vision for a leaner, more affordable military. The plan shifts from the capacity to fight two large ground…

Last week the House Budget Committee approved the Expedited Legislative Line-Item Veto and Rescissions Act of 2011. Sponsored by Chairman Paul Ryan (R-Wis.) and Ranking Member Chris Van Hollen (D-Md.), the legislation creates an expedited process for Congress to act…

The demise of the deficit reduction super committee left many people wondering whether the polarized atmosphere in Washington has made it impossible for Republicans and Democrats to reach agreement on the thorniest issues that must be resolved to achieve a…