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Last week Senate Finance Committee Chairman Max Baucus (D-Mt.) said "A debt reduction trigger could be an important part of passing legislation to reduce our debt and move our economy in a positive direction toward growth and job creation." He…

Because sweeping government reforms will be politically difficult, the active involvement of the American public is essential. We need a national dialogue about the country’s huge fiscal challenges, the possible options, and the trade-offs among those options.In a guest column…

Making A Difference My fellow student T.J Leach and I, Alex Hall, are students of George Nye’s Business and Economics class at Lake Region High School in Naples, Maine. We both grew up in the area, which is about one…

The administration has notified members of Congress that because they apparently will not raise the federal debt limit by May 16 – when the limit is expected to be reached -- the Treasury Department will begin implementing “extraordinary measures” to…

Tomorrow the Senate Finance Committee is scheduled to hold a hearing on budget enforcement mechanisms, a topic that has become popular as members of both parties have recently offered proposals to reduce the deficit by changing the budget process.The proposals…

Elected officials in both parties have made what I call “magical, mystery tax pledges” that are at odds with bipartisan approaches to serious deficit reduction:Republicans: Don’t raise revenue above the 40-year historical average of around 18-19 percent of GDP.Democrats, including…

The Bipartisan Policy Center's (BPC's) Debt Reduction Task Force, led by former Senate Budget Committee Chairman Pete Domenici and former White House Budget Director Alice Rivlin, proposed a budget enforcement process last week to attempt to rein in growing federal…

Congressional leaders have completed their appointments to a deficit-reduction panel proposed by President Obama but the group will have little time to develop a long-term plan, and some of those named have not shown great enthusiasm for the broad-based approach…