Fiscal Year 2013 is drawing to a close with a projected federal deficit of a little over $640 billion, marking the end of a four-year string of trillion-dollar-plus deficits.While that change is good news, our fiscal worries aren’t over. Although…
Last week Defense Secretary Chuck Hagel released a four-month Pentagon review that said the budget sequester cuts would jeopardize some areas of military strategy. Under sequester-level spending reductions, he said, “our military options and flexibility will be severely constrained.”The Strategic…
A new Congressional Budget Office (CBO) report makes clear that the failure of elected officials to agree on a responsible alternative to sequestration’s indiscriminate spending cuts will cause immediate damage to the economy. The report also shows, however, that ending sequestration…
The House passed a farm bill last week after its first attempt failed at the end of June. To get more Republican votes, all funding for the food stamp program was removed from the legislation -- funding which made up…