A government shutdown became more likely last week as the House passed a new continuing resolution (CR) opposed by President Obama and Senate Democrats. In a process that lasted most of the week, nearly 600 amendments were offered during over…
Testifying before the House Budget Committee, Federal Reserve Chairman Ben Bernanke said last week that addressing the “powerful underlying trends” responsible for large projected deficits would bring both short-term and long-term benefits.He pointed to the plans put forth by the…
WASHINGTON -- The Concord Coalition said it was disappointed today that President Obama’s proposed Fiscal Year 2012 budget failed to follow up more aggressively on some of the key recommendations from his own fiscal commission. (more…)
Members of the Republican Study Committee and the Senate Steering Committee have proposed legislation to cut $2.5 trillion in spending over 10 years -- cuts that go beyond those proposed by House Republican leaders or President Obama.Non-security discretionary spending (which…