In testimony to lawmakers last week, Federal Reserve Chair Janet Yellen criticized current fiscal policy, saying budget cuts have put a drag on the economy while longer-term deficit projections still need to be addressed.During her testimony to the Senate Banking…
The economic recovery has produced larger-than-expected surpluses for many states, and their elected officials are considering what to do with the windfalls.Unfortunately, many state lawmakers have put forward plans that address short-term issues while ignoring more important long-term fiscal concerns…
The Congressional Budget Office released a new report Tuesday that includes some good short-term news on federal deficits but warns that they could add $7.9 trillion to the debt over the next decade.The CBO’s Budget and Economic Outlook is “an…
The national taxpayer advocate, who serves as ombudswoman for the Internal Revenue Service (IRS), released her annual report last week, saying budget reductions have “significantly hampered” the agency’s ability to provide top-quality service. (more…)
