The new debt limit law includes a trigger that would impose severe spending cuts if legislation to reduce the deficit by more than $1.2 trillion has not been enacted by Jan. 15, 2012. It was designed to give an incentive…
Underscoring the high stakes involved for younger Americans, student body presidents from more than 120 colleges around the country have called on President Obama and congressional leaders to set partisan politics aside, raise the federal debt ceiling and agree on…
WASHINGTON -- Former members of Congress who serve on The Concord Coalition’s Board of Directors today urged elected officials to raise the debt limit and embrace the broad deficit-reduction plan released this week by the Senate’s bipartisan “Gang of Six.”…
Republican lawmakers this week are rallying behind a version of the balanced budget amendment that would enshrine a super-majority requirement for tax increases, set an arbitrary limit on spending, and hinder the government’s ability to respond to wars, recessions and…
