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Returning briefly from its summer recess, the House of Representatives today approved a bill that would spend $26 billion to ease state budgetary woes. The Senate passed the measure last week. This money would be used to prevent budget cuts…

Social Security’s contribution to the overall fiscal gap over the coming decades is smaller than Medicare’s, as the program’s trustees have again made clear in their annual report. If Social Security contributes so much less to the fiscal gap than Medicare, some…

If President Obama was looking for Congress to rubber-stamp his request for additional “emergency” funding for military operations in Iraq and Afghanistan this year, he was sorely disappointed. He asked for the money last February but a wary Congress didn’t…

Lollipops became an unexpected point of contention as the President’s fiscal commission turned its attention to Social Security. Barry Anderson, who has been head of budgeting at the Organization for Economic Cooperation and Development, said he passed them out to…

Despite important political and economic ties, Britain and the United States are pursuing very different policies to deal with the tremendous fiscal challenges they face. Prime Minister David Cameron, who visited the U.S. last week, hopes to cut Britain’s budget…

New projections released on Friday afternoon by the Obama administration show that the nation’s finances remain in a deep deficit ditch. This was hardly “news,” but it served as a pointed reminder that much hard work needs to be done…

In recent weeks the congressional Appropriations Committees made considerable progress on bills for the coming fiscal year. But the limited number of legislative days left and an increasingly partisan atmosphere have led to speculation that few of the bills will…

Prime Minister David Cameron’s visit last week to the United States underscored the important relationship between the U.S. and Britain, both politically and economically.Britain’s new coalition government faces tremendous challenges, many of which are similar to the United States’ problems. …