With a potential government shutdown hours away on Friday, President Obama, Speaker of the House John Boehner and Senate Majority Leader Harry Reid reached a last-minute agreement to continue funding government agencies for the remainder of the fiscal year.Under the…
The Treasury Department now estimates that the federal government will reach its legal debt limit no later than May 16, although it could use “extraordinary measures” to avoid default through July 8.Some members of Congress have suggested that refusing to…
House Budget Committee Chairman Paul Ryan today released a budget plan that promises to cut projected deficits by more than $1.6 trillion over the coming decade. While this is a serious and commendable effort, the plan’s policy mix is unlikely…
Budget-watchers in Washington are interested to see how Republican Paul Ryan, chairman of the House Budget Committee, will write a budget to achieve the sometimes conflicting aims of his conference.Republicans say voter anger over deficits last fall helped them take…
