Federal Reserve Chairman Ben Bernanke is urging Congress to focus on achieving long-run fiscal sustainability in the federal budget while avoiding action that could “impede the ongoing recovery.”These two objectives are compatible, Bernanke assured the Joint Economic Committee in his…
The new congressional committee on deficit reduction continues its work this week amid concerns that some elected officials have tried to narrow its options.In a recent guest column in the Ames Tribune in Iowa, Concord Coalition officials lament that both…
Members of the new congressional committee on deficit reduction are showing considerable interest in the idea of revamping the tax code. At a public hearing last Thursday, however, lawmakers on the panel expressed differing views over what changes should be…
On Capitol Hill this week, attention is turning to a continuing resolution (CR). Because Congress will not complete the appropriations process before the fiscal year ends Sept. 30, a CR is necessary to prevent a government shutdown.House Appropriations Committee Chairman…
