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The Obama Administration released its Mid-Session Review (MSR) of the budget on Monday. It would be nice to say that this update arrived just in time to clinch the deal on a fiscal sustainability plan, or even a plan to…


The Senate passed a sweeping immigration bill last week aided by a costly amendment that directs $46.3 billion more to be spent on border security than under current law. The Senate waived its budget rules to pass the legislation.The Congressional…


As more baby boomers retire and the over-65 population rises from 12 percent of Americans in 2010 to 25 percent in 2030, paying for their care will become increasingly difficult, the Congressional Budget Office (CBO) warns in a new report.The…


Legislation to revamp the nation’s immigration laws is on track for Senate approval this week after an expensive border security amendment passed a key procedural vote yesterday. The amendment would cut into the projected savings of the original legislation, providing…


Last week the House of Representatives unexpectedly failed to pass a new 5-year farm bill. Without legislation, policies covering everything from crop insurance and commodity subsidies to conservation programs and food stamps will revert to the 1949 farm bill --…


House and Senate plans for appropriations bills for 2014 are currently about $91 billion apart, setting the stage for a possible government shutdown in October.Appropriations subcommittees in the House and Senate have released “302(b) suballocations” that break down levels for…


As demographic challenges and health care costs continue to cloud the federal budget outlook, a panel of experts called for substantive fiscal reform at a forum in West Palm Beach, Fla. last week.It was the latest in a series of…


Looking into the details of the recent Social Security Trustees report shows that waiting to reform the program onto a sustainable path will make the job more difficult than if we take action now.An analysis by one of Social Security’s…


Some in Washington are ready to declare victory over the deficit problem, and on Monday Standard & Poor’s said it would revise its credit rating outlook for the government from negative to stable. But the deficit problem is actually still…


The blame game over a possible government shutdown has begun three and a half months before the end of the fiscal year.That much, but little else, became clear last week as President Obama and House Speaker John Boehner traded accusations…


Judging by recent media reports, there is a growing belief in Washington that the best way to deal with the deficit is to “declare victory.” It won’t work. The deficit problem is far from being solved and its lengthy shadow…


Although the federal deficit is now dropping, members of Congress should heed Federal Reserve Chairman Ben Bernanke’s recent warnings about the need to focus more on the country’s long-term fiscal imbalances.“To promote economic growth and stability in the longer term,…

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