#Federal Budget

Congress received some solid advice from widely respected budget experts at a recent Joint Economic Committee hearing on solving the federal debt crisis. Alice Rivlin, a senior fellow at Brookings and a member of the Campaign to Fix the Debt…

Most fiscal reform plans assume that younger workers will pay more of their own retirement costs than previous generations have paid. But Washington already favors older generations in many ways, and younger Americans face a number of financial hurdles and…

The House and Senate passed budget resolutions with largely partisan votes before leaving for a two-week recess. Resolving the two competing visions of fiscal policy in the weeks ahead will be difficult, though both parties should accept the challenge and…

President Obama is back home after a diplomatic mission to the Middle East in which he exhorted the Israeli people, particularly young Israelis, to ignore the competing claims of extremists and take the push for peace into their own hands.…

Today the Senate Budget Committee considered the budget resolution that Chairman Patty Murray released yesterday. The blueprint calls for a mix of spending cuts and tax increases to reduce the deficit and lower the debt-to-GDP ratio. Under Murray’s plan, the…

This week the Senate began considering appropriations legislation to fund the government for the remainder of the fiscal year and prevent a government shutdown. The bill is the result of a compromise reached between Senate Appropriations Committee Chair Barbara Mikulski…

In his semiannual report to Congress on monetary policy last week, Federal Reserve Chairman Ben Bernanke threw in some solid advice on fiscal policy as well. Let’s hope lawmakers were listening.While some progress has been made toward reducing federal deficits…

Americans around the country can support long-term fiscal reform by encouraging their elected representatives to consider the updated framework that Erskine Bowles and Alan Simpson released last month.Bowles and Simpson co-chaired the National Commission on Fiscal Responsibility and Reform, which…