Federal budget projections are already quite alarming, with the national debt high by historical standards and rising rapidly. The fiscal picture looks even worse, however, if one takes into account federal insurance programs and other activities that transfer financial risks…
On the heels of its new budget plan with high economic growth projections that have been widely questioned, the Trump administration last week released a report that makes clear these projections rest on a dubious assumption: “full implementation” of the…
Congress and the administration have a lot of work to do in protecting taxpayer dollars, judging from a new report from the nonpartisan Government Accountability Office (GAO) on programs that it considers at “high risk” for waste, fraud and mismanagement.…
With many lawmakers in both parties acting as if the high and rising national debt doesn’t matter, Federal Reserve Chairman Jerome Powell has provided a timely reminder that it does. Powell delivered that message to Senate and House committees last…
