#Debt Limit

By any measure, this has been an eventful year on the budget front. As 2021 draws to a close, however, it is apparent that much of 2022 will be devoted to a substantial agenda of unfinished business left over from…

What began as a tense week of dangerous brinkmanship over the debt limit in Congress is ending with a surprising burst of bicameral cooperation and bipartisanship. House and Senate leaders hammered out a deal that would allow Democrats to…

With pressure mounting to avoid a default on federal government obligations, Senate leaders Republican Mitch McConnell and Democrat Chuck Schumer, agreed to a temporary compromise: Republicans agreed not to filibuster legislation addressing the debt limit and Democrats agreed to…

For several months, Republicans and Democrats in Washington, DC have been barreling towards each other on a collision course over a pair of looming fiscal deadlines. First, Congress must prevent a government shutdown by passing a temporary stopgap funding measure,…

The United States Armed Forces uses an alert system called the “defense readiness condition” (DEFCON) to describe different levels of readiness, or states of alert, for military personnel. It increases in severity from DEFCON 5 (least severe) to DEFCON…

For understandable reasons, the focus in Washington over the past year has been on the nation’s physical health, and its resulting consequences for the near-term economy, rather than on our longer-term fiscal health. A new report by the Government Accountability…

The House and Senate have now passed a bipartisan budget deal. If signed by the president, as expected, the deal would lessen the chances of another government shutdown when the fiscal year ends on September 30th and suspend the debt…