Prominent on the long list of unfinished business in Congress was confirmation of the President's nomination of Jack Lew to head the Office of Management and Budget. Two Senate committees with jurisdiction over the nomination held public hearings and promptly…
State and local governments face severe financial challenges that include slower economic growth, lagging tax revenues and rising health care costs and retirement benefits. But relying on more assistance from the federal government is not a viable option, according to…
The media is buzzing about how House Minority Leader John Boehner and President Obama might be ready to "compromise" on what to do about the Bush tax cuts. From a story by Shailagh Murray and Lori Montgomery in Monday's Washington…
The federal budget consists of three broad categories: discretionary spending, mandatory spending, and interest payments on the public debt. Congress decides each year how much funding it will provide for discretionary programs. Mandatory spending, on the other hand, is generally…
