With a partisan vote of 22-16, the House Budget Committee last week approved Rep. Paul Ryan's proposed 2012 budget resolution and sent it to the House floor. According to the committee, the resolution would reduce deficits for the next 10…
The Treasury Department now estimates that the federal government will reach its legal debt limit no later than May 16, although it could use “extraordinary measures” to avoid default through July 8.Some members of Congress have suggested that refusing to…
House Budget Committee Chairman Paul Ryan today released a budget plan that promises to cut projected deficits by more than $1.6 trillion over the coming decade. While this is a serious and commendable effort, the plan’s policy mix is unlikely…
The battle over this year's budget, including the growing possibility of a government shutdown, has temporarily overshadowed the larger, long-term fiscal picture. But the Government Accountability Office (GAO) recently updated its January report on the long-term outlook with numbers that…
