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Rising compensation costs were a major driver of growth in the defense budget from 2000 to 2014, according to a new report by the Congressional Budget Office (CBO). Budget authority -- the obligations a federal agency can incur in a…

The federal agency that insures pension benefits ran a record deficit of $62 billion in Fiscal 2014, up from $36 billion in 2013, and is warning of difficult times ahead. In its recently released annual report, the Pension Benefit Guaranty…

Congressional appropriators are continuing to negotiate on legislation to fund the government in Fiscal 2015, which began Oct. 1. Since then a stop-gap measure has kept the government open by largely continuing funding at Fiscal 2014 levels. But that measure,…

Congress will soon have to decide whether to approve the administration’s recent $5.6 billion request for additional Overseas Contingency Operations (OCO) funding to fight ISIS. The contingency fund generally supports activities related to immediate war efforts and is exempt from…

With the contentious mid-term elections over, elected officials should look forward to seize opportunities for bipartisan compromise to reduce projected deficits and meet at least some of the nation’s other fiscal challenges. Three experts on the federal budget discussed such…

The Pentagon’s 5-year plan will significantly exceed current spending caps, according to a new analysis by the Congressional Budget Office (CBO).The spending caps were established by the 2011 Budget Control Act. In making its projections, the CBO used some assumptions…

One of the most immediate tasks facing the lame-duck Congress as it returns to Capitol Hill today is considering President Obama’s recent request for $6.2 billion to fight Ebola. Senate appropriators were scheduled to hear from administration officials on the…

Updated November 14 WASHINGTON -- The Concord Coalition will host a panel discussion this Friday on Capitol Hill about opportunities for fiscal reform in the next Congress. The one-hour program, open to the public, will feature three of the nation’s…