State and local governments face severe financial challenges that include slower economic growth, lagging tax revenues and rising health care costs and retirement benefits. But relying on more assistance from the federal government is not a viable option, according to…
Last week, House Republicans offered a “Pledge To America” outlining their fiscal priorities and reform ideas. As with most such campaign manifestos, it is long on base-pleasing rhetoric and short on troublesome details. (more…)
Below are several developments we have been following since the last edition of the Washington Budget Report (sign up here) was published. (more…)
In a speech to the Council on Foreign Relations, Secretary of State Hillary Clinton last week called the debt level “a national security threat” that sends “a message of weakness internationally.” The debt, Clinton said, “undermines our capacity to act in…