#Federal Budget

Congressional leaders last week appointed the joint committee charged with finding most of the savings promised in the recent deal to raise the debt limit.Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Tex.) will chair the new panel, widely referred…

This post originally appeared on The American Square (more…)

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…

In the week since President Obama signed the debt limit deal into law, stock prices have become highly volatile, Standard & Poor’s dropped its U.S. credit rating a notch below AAA, and political maneuvering began over the special congressional committee…

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…

With time running short to raise the federal debt limit, Republicans and Democrats are planning votes this week on competing plans that President Obama and House Speaker John Boehner championed in speeches to the country Monday night.Obama called for “shared…

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.”…

As congressional hearings last week made clear, some lawmakers in both parties continue to chafe at a key cost-control element in last year’s health care legislation: an advisory panel that several years from now could help curb excessive Medicare spending.Critics…