#Federal Budget

If the super committee on deficit reduction continues to lock itself away in a congressional cloister, the public will have trouble understanding and accepting the difficult choices that the panel members must make to reach or exceed their assigned goal.…

The Government Accountability Office (GAO) released projections this week that serve as a reminder of the importance of the deficit reduction committee’s work and the need for it to exceed the $1.2 trillion target necessary to avoid automatic spending cuts.GAO…

President Obama said Monday he would seek congressional approval of “bite-sized pieces” of his $447 billion plan to bolster the economy after a Senate vote last week blocked the package as a whole, along with a provision Democrats had added…

The Joint Select Committee on Deficit Reduction is receiving an earful of advice as congressional committees and individual lawmakers offered a wide variety of recommendations, many of them at odds with each other.Congressional committees were asked to submit their suggestions…

The Congressional Budget Office has provided an estimate of what the deficit would be if the economy were operating at total capacity. With full utilization of capital and labor resources in the economy, CBO says, the deficit for fiscal year…

Federal Reserve Chairman Ben Bernanke is urging Congress to focus on achieving long-run fiscal sustainability in the federal budget while avoiding action that could “impede the ongoing recovery.”These two objectives are compatible, Bernanke assured the Joint Economic Committee in his…

Iowa residents were urged last week to help focus the 2012 election on fixing the federal government’s long-term budget problems. Two prominent experts on the federal budget emphasized that point to college students, business and civic leaders, journalists and others…

President Obama continues to campaign for a package of tax cuts and additional spending that he says will provide the U.S. economy with needed short-term support. At the same time, the congressional super committee is looking for ways to cut…