#Federal Budget

With the latest exchange of offers, President Obama and House Speaker Boehner have moved closer to a deal that would reduce the deficit by about $2 trillion over the next decade. On the surface, the split between spending cuts and…

WASHINGTON, December 14, 2012—Strengthening of America—Our Children’s Future

Dozens of lawmakers in both parties have signed a letter to congressional leaders that says a bipartisan agreement to avoid the fiscal cliff should include “a long-term, comprehensive deficit reduction plan.”Leading the effort are Representatives Jim Cooper (D-Tenn.), Steven LaTourette…

Negotiations over the year-end “fiscal cliff” and federal budget reform continued early this week, with President Obama and House Speaker John Boehner meeting Sunday afternoon but offering the public no details of the discussion.In the last two weeks the administration…

The Bipartisan Policy Center (BPC) on Monday released an update of the broad plan for fiscal reform that its Debt Reduction Task Force recommended in late 2010. The update, like the original version, takes what the task force describes as…

Democrats and Republicans have exchanged formal budget proposals in recent days as they continue to joust over tax increases, spending cuts and how to avoid the year-end “fiscal cliff” that could throw the country into another recession.The fiscal cliff is…

Washington officials are sending conflicting signals over talks between the White House and congressional leaders to avoid the fiscal cliff while also moving the country forward on long-term deficit-reduction.President Obama talked by phone with House Speaker John Boehner and Senate…

The long-standing impasse on tax policy has basically boiled down to this: Democrats want more revenue, raised entirely from households with incomes over $250,000. Republicans don’t want any new revenue, and especially not from higher tax rates on the rich.…