The Highway Trust Fund is projected to run a $164 billion shortfall over the next 10 years unless lawmakers take action, according to the Congressional Budget Office (CBO).The trust fund consists of two accounts: one for highway work, which receives…
While many in Washington have put fiscal sustainability on the back burner, the Government Accountability Office (GAO) offers an important reminder of the need for prompt fiscal reforms.“Significant action to change the long-term fiscal path must be taken soon to…
The differences between the 10-year budget plans by President Obama and the House of Representatives would be difficult to resolve under the best of circumstances.Without a Senate plan, however, there is no prospect of a concurrent congressional budget resolution --…
The Government Accountability Office (GAO) has released its fourth annual report detailing specific ways in which Congress and federal agencies can improve efficiency by reducing fragmentation, overlap and duplication.Politicians too often vaguely suggest that eliminating waste, fraud and abuse can…