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Congressional gridlock has produced a rare positive result: Senate Republicans blocked a vote on irresponsible legislation that would have renewed dozens of expired tax expenditures without paying for them.After a Senate vote failed to move the bill forward last week,…

Politicians and policy experts from across the political spectrum agreed on one thing at a “Fiscal Summit” last Wednesday: Despite the falling deficit, our fundamental fiscal challenges have not yet been adequately addressed.The fifth annual summit held in Washington by…

Janet Yellen, who took over as Federal Reserve chair in February, continues to call for a smooth transition to more sustainable fiscal policies on Capitol Hill.In testimony to two congressional committees last week, she said that “having a long-run sustainable…

The House voted 274-131 earlier this month to make the Research and Development Tax Credit permanent without offsetting the cost. The vote was the first to renew one of the expired tax provisions known as “extenders.”Making this tax credit permanent…

WASHINGTON -- While lawmakers are working on appropriations bills to fund the government next year, they seem to have lost interest in trying to meet the country’s long-term fiscal challenges. But the newly updated Federal Budget Challenge (www.federalbudgetchallenge.org) gives citizens…

With Congress back in session, some lawmakers have unfortunately focused their attention on once again renewing a group of temporary tax provisions that subsidize certain businesses and other special interests.The provisions -- known as “tax extenders” -- expired at the…

While many in Washington have put fiscal sustainability on the back burner, the Government Accountability Office (GAO) offers an important reminder of the need for prompt fiscal reforms.“Significant action to change the long-term fiscal path must be taken soon to…

A book titled “Dead Men Ruling” is not the place you would expect to find an optimistic message about our nation’s future. That is the case, however, with a new book from budget expert Eugene Steuerle of the Urban Institute.…