On its current path, the $18.1 trillion debt is projected to rise to nearly $27 trillion -- and perhaps even more -- by 2025. “Rising interest payment on the debt, along with higher entitlement spending, more health care costs and…
The Congressional Budget Office (CBO) has released updated projections that reinforce the need for presidential candidates to explain how they would curb the federal debt over the next decade. “Even with declining short-term deficits and slowing health care costs, Washington…
Congress will return from its long August recess without having passed a single one of the 12 appropriations bills needed for Fiscal 2016, which begins Oct. 1. Lawmakers are planning to fall back on a continuing resolution -- a stop-gap…
Controversy over the Confederate flag has apparently stalled congressional work on spending plans for the coming fiscal year, raising concerns about the possibility of a government shutdown this fall and underscoring the need for party leaders to begin serious bipartisan…