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…
Up until a few days ago it seemed that President Trump was looking to exit the partial government shutdown by redirecting funds for a Mexican border wall through an emergency declaration. As he approached this exit, however, he found that…
Lawmakers made noteworthy progress last week on spending bills for the coming year, at least as far as timeliness is concerned. Congress approved three bills and negotiators announced a bipartisan agreement on a much larger package that could avoid a government…
With the federal government rapidly sinking further and further into debt, House Ways and Means Committee Chairman Kevin Brady last week released a loose framework for tax legislation that would require even more federal borrowing. This proposal flies in the…
