Federal spending can be divided into three main categories. The first category is mandatory spending, which is spending that operates on autopilot based on benefit formulas approved by lawmakers in years past. Mandatory spending makes up about two-thirds of the…
When The Concord Coalition presents its federal deficit-reduction exercise around the country, many of the participants arrive with what they consider an easy solution in mind: Cut foreign aid. They assume this would produce a gusher of extra money for other programs…
House Speaker Paul Ryan is urging Republican lawmakers to respect the 2017 spending levels set in last fall’s budget deal, but continuing opposition from some conservatives has raised the possibility that Congress might not pass a budget resolution this year.…
There were no big surprises in the latest Long-Term Outlook from the Congressional Budget Office (CBO). No real surprises, either, in this summer’s annual reports from the trustees who oversee Medicare and Social Security. “And that’s the problem,” say John…