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A looming crisis is facing Social Security’s Disability Insurance (DI) program: Unless Congress takes action, the DI trust fund will run out next year and beneficiaries will suffer an across-the-board cut of 19 percent. Some advocates suggest that a “simple…


The 114th Congress convenes today with Republicans controlling both the House and Senate for the first time in President Obama’s presidency, underscoring the importance of bipartisanship in dealing with the nation’s key fiscal challenges. These challenges remain significant, despite the…


Former U.S. Senators J. Robert Kerrey and John C. Danforth today released an update of a 1994 commission report on entitlement and tax reform and called on Americans -- particularly presidential hopefuls -- to address the nation’s fiscal challenges. A…


WASHINGTON -- Former U.S. Senators J. Robert Kerrey and John C. Danforth today released an update of a 1994 commission report on entitlement and tax reform and called on Americans -- particularly presidential hopefuls -- to quickly address the nation’s…


Lawmakers continue to haggle over everything from immigration to a reauthorization of the terrorism risk insurance program as they approach a deadline this Thursday to approve long-overdue spending legislation for Fiscal 2015, which began Oct. 1.For the last two months,…


After a larger deal fell apart, the House recently voted 378-46 to approve a one-year extension of more than 50 lapsed tax breaks for businesses and other special interests -- unfortunately, without paying for them. The Joint Committee on Taxation…


With federal spending legislation set to expire next week, appropriators continue to work on a tardy “omnibus” plan for the rest of Fiscal 2015. Republican leaders are weighing their options for using the spending bill in some way short of…


Lawmakers are now focusing on extending a series of tax provisions mainly benefiting businesses for one year after a much larger deal that would have added hundreds of billions of dollars to the deficit collapsed last week. (more…)


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…


Members of Congress went home for their Thanksgiving break amid growing doubts about whether they will be able to pass appropriate budget legislation before the end of the year. Lawmakers should have passed a dozen spending bills for Fiscal 2015…


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,…


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…

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