#National Debt

Under the president’s proposed budget for Fiscal 2017, the federal deficit would decline in 2017 and 2018 but would grow after that, according to an analysis released today by the Congressional Budget Office (CBO). Under the President’s plan, CBO estimates,…

U.S. Rep. Jim Renacci (R-Ohio) introduced a constructive resolution last week to better enforce congressional rules against fiscally irresponsible legislation. The Budget Enforcement Awareness Resolution would make it harder for House lawmakers to waive budget-related “points of order,” which are…

House leaders head back to the drawing board after failing to convince reticent lawmakers to support a budget resolution that adheres to discretionary spending levels set in last fall’s budget agreement. House Budget Chair Tom Price’s (R-Ga.) proposal to offset…

The economy has shown “substantial strength” in the past year, with rapid job growth, rising wages and growing consumer confidence, according to the 70th annual Economic Report of the President. But the report, released last week by the President’s Council…

House Speaker Paul Ryan is urging Republican lawmakers to respect the 2017 spending levels set in last fall’s budget deal, but continuing opposition from some conservatives has raised the possibility that Congress might not pass a budget resolution this year.…

The federal debt has reached $19 trillion, an omen of increasingly severe financial difficulties for the United States unless Washington approves sweeping budget reforms. Well over $13.6 trillion of that total is known as “debt owed to the public,” meaning…

In its spending bill for Fiscal 2016, Congress seemed to acknowledge that medical research had been cut too deeply for over a decade. The legislation will boost that funding in the coming months. “But without reforms to address the basic…

On the campaign trail, voters are hearing promises of big tax cuts from the Republican presidential candidates and of big spending increases from the Democrats. Meanwhile, back in Washington last week, the nonpartisan Congressional Budget Office (CBO) released a new…