As the Treasury resorts to “extraordinary measures” to avoid defaulting on some financial obligations, Congress has continued to struggle with the necessary but embarrassing task of raising the federal debt limit.Today the House finally took action, narrowly passing a year-long…
Although President Obama’s State of the Union Address last week covered a wide array of topics, it failed to focus on the critical topic of fiscal sustainability.“When the President did mention fiscal issues in his speech it was mostly to…
The Senate passed a 5-year farm bill Tuesday 68-32, after nearly 3 years of congressional conflict over future agriculture policy. The House passed the legislation last week with a 251-166 vote, and the President is expected to sign the bill…
For those interested in a vision of fiscal sustainability, the State of the Union Address was a major disappointment. (more…)
