#Federal Budget

The administration has notified members of Congress that because they apparently will not raise the federal debt limit by May 16 – when the limit is expected to be reached -- the Treasury Department will begin implementing “extraordinary measures” to…

Broad tax reform could simplify the tax code, boost the country’s economy and help reduce deficits all at the same time. Yet many elected officials in both parties cling to positions that could get in the way of such reform.Some…

Elected officials in both parties have made what I call “magical, mystery tax pledges” that are at odds with bipartisan approaches to serious deficit reduction:Republicans: Don’t raise revenue above the 40-year historical average of around 18-19 percent of GDP.Democrats, including…

Federal budget experts and ordinary citizens alike are asking for greater scrutiny of defense spending as part of a larger effort to reform the federal budget.“The rationale for including defense in a deficit reduction plan has invoked the concept of…

Congressional leaders have completed their appointments to a deficit-reduction panel proposed by President Obama but the group will have little time to develop a long-term plan, and some of those named have not shown great enthusiasm for the broad-based approach…

If President Obama and Republican leaders in Congress hope to build consensus around a plan for fiscal sustainability, they are off on the wrong track. They seem instead to be sharpening their differences.A meaningful long-term plan will require compromises in…

Projected federal deficits are so large that Congress should look far beyond the non-defense spending on which it has heavily focused in recent weeks.In a guest commentary on ABC.com, Concord Coalition Executive Director Robert L. Bixby notes that bipartisan groups…

"Where is all of the money going?" While filling out tax returns and writing checks to the federal government, people often ask this question. Finding answers became easier last week when the White House released an online federal tax receipt.By…