Congressional leaders say they are aiming for a more timely and effective budget process this year, one that would let the government start the next fiscal year on Oct. 1 with clear directions and funding decisions. That would be a…
The Congressional Budget Office reiterates warnings about Social Security’s long-term finances in a new report that illustrates the need for substantial reforms in the largest single program in the federal budget. About 60 million people currently receive Social Security benefits…
The expensive tax breaks that lawmakers have been considering tend to get renewed annually. These so-called “tax extenders” would not be paid for, and the estimated 10-year price tag is over $700 billion. Raising the fiscal stakes this year is…
Donald Trump is often described as an “unconventional” candidate. When it comes to the federal budget, however, his campaign promises are entirely too conventional. Some candidates deny the necessity of reforming popular entitlement programs such as Medicare and Social Security.…
