The 113th Congress convened last week amid widespread concern that the fiscal cliff legislation – signed Wednesday by President Obama – set the stage for a series of “mini-cliffs” and intense political struggles over federal budget issues early this year.The…
Once again we have a political punt. With no time left on the clock, Senate Democrats and Republicans have approved a deal to avoid the most immediate consequences of the so-called “fiscal cliff.” The defining feature of the deal, however,…
The stakes in Washington’s current budget battles are particularly high for college students and other young Americans, according to a Concord Coalition chapter on the Madison campus of the University of Wisconsin. (more…)
With the latest exchange of offers, President Obama and House Speaker Boehner have moved closer to a deal that would reduce the deficit by about $2 trillion over the next decade. On the surface, the split between spending cuts and…