With advice and encouragement from two former U.S. House members, participants in a federal budget exercise Monday in Lawrence, Kansas developed broad fiscal reform plans that would put the government on a more responsible course over the next 10 years.The…
The Congressional Budget Office has released new long-term projections that show why Washington must work towards comprehensive fiscal reforms even though the federal deficit has fallen sharply this year.“We’ve had some good short-term news on the deficit this year, but…
Congress returned from recess Monday confronted by rapidly approaching fiscal deadlines. The Senate and House will both be in session only eight more days before the fiscal year ends Sept. 30. Lawmakers will need to quickly approve a spending plan…
Treasury Secretary Jack Lew has warned lawmakers that the government could hit its debt ceiling in mid-October, earlier than many analysts had predicted.Congress has no choice but to eventually raise the debt limit so the government can pay its bills…