#Federal Budget

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…

House Republicans passed a budget plan last week that outlines their priorities but does not reflect much interest in bipartisan compromises on broad fiscal reforms this year. The budget passed on a 219-205 vote, without any Democratic support.Senate Democrats --…

About a hundred people in Colorado’s 1st Congressional District recently tried their hands Saturday at federal deficit reduction through The Concord Coalition’s “Principles and Priorities” exercise. U.S. Rep. Diana DeGette hosted the event at the Columbine High School in Littleton.“After…

House Democrats released a proposed 10-year budget Monday that would protect non-defense spending from steep cuts but cause federal deficits to rise for several years in the coming decade.Relative to the Congressional Budget Office baseline, it would reduce deficits by…

In a congressional hearing last week, several budget experts urged lawmakers to address the unsustainable growth in the federal debt through balanced deficit-reduction measures.The experts told the House Financial Services Committee that rising medical costs and the needs of an…

The economic recovery and some steps by elected officials have reduced deficits over the past few years. But they will soon rise again and Washington has done little to deal with the key drivers of long-term budget shortfalls: an aging…

A bad idea in both President Obama’s Fiscal 2015 budget and Ways and Means Chair Dave Camp’s (R-Mich.) tax reform plan is to use one-time revenue from changes to the corporate tax system to shore up the Highway Trust Fund.Unless…

How large is $7.9 trillion? Large enough to fund the federal departments of Defense, Agriculture, Transportation, Education, Commerce, Justice, Homeland Security, Labor and Interior for 10 years.It is also how much the government is projected to borrow in that time.…