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The federal debt has reached $19 trillion, an omen of increasingly severe financial difficulties for the United States unless Washington approves sweeping budget reforms. Well over $13.6 trillion of that total is known as “debt owed to the public,” meaning…

With the presidential primary season underway, voters should ask themselves which candidates are offering credible solutions to deal with the nation’s difficult fiscal challenges. “Whoever becomes the next president will face an unsustainable rise in the debt that threatens to…

WASHINGTON -- The Concord Coalition said today that while President Obama’s proposed budget would lower projected deficits and keep the debt stable as a share of the economy over the next 10 years, it would do so with a mix…

In its spending bill for Fiscal 2016, Congress seemed to acknowledge that medical research had been cut too deeply for over a decade. The legislation will boost that funding in the coming months. “But without reforms to address the basic…

A new report, released shortly before Monday’s Iowa caucuses, says that while all of the 2016 presidential candidates in both parties acknowledge that the rapidly growing national debt is a problem, most of their proposals to deal with it fall…

On the campaign trail, voters are hearing promises of big tax cuts from the Republican presidential candidates and of big spending increases from the Democrats. Meanwhile, back in Washington last week, the nonpartisan Congressional Budget Office (CBO) released a new…

Republican presidential candidate Rand Paul reiterated his support for balancing the budget in five years in a recent Your First Budget interview. “I don’t think we can continue to incur so much debt,” said Paul, a U.S. Senator from Kentucky.…

Republican presidential candidate Carly Fiorina, in a Your First Budget interview, said recently her initial priorities in Washington would be to revamp the tax code and institute “zero-based budgeting.” The Your First Budget interview series is sponsored by First Budget…