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Congressional leaders last week appointed the joint committee charged with finding most of the savings promised in the recent deal to raise the debt limit.Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Tex.) will chair the new panel, widely referred…

This post originally appeared on The American Square (more…)

The new debt limit law includes a trigger that would impose severe spending cuts if legislation to reduce the deficit by more than $1.2 trillion has not been enacted by Jan. 15, 2012. It was designed to give an incentive…

In the week since President Obama signed the debt limit deal into law, stock prices have become highly volatile, Standard & Poor’s dropped its U.S. credit rating a notch below AAA, and political maneuvering began over the special congressional committee…

In this debt-limit game of musical chairs, the music has stopped and it’s time to grab a seat. The only one available is the deal worked out by congressional leaders and the Obama administration over the weekend. It is not…

The Comeback America Initiative has released a report with illustrative options to put the country on a sustainable fiscal path under two different scenarios. The report, "Restoring Fiscal Sanity,” includes options on domestic and defense spending, entitlement reform and tax…

With time running short to raise the federal debt limit, Republicans and Democrats are planning votes this week on competing plans that President Obama and House Speaker John Boehner championed in speeches to the country Monday night.Obama called for “shared…

By Ryan SchoenikeThe debate over our nation’s finances has now reached what seems to be common place in Washington. As our country sits on the verge of default, both parties have retreated to their partisan foxholes, only coming out to throw…