The Government Accountability Office (GAO) on Monday issued the fall update of its long-term fiscal outlook, underscoring the need for a more sustainable fiscal path in Washington.As in the past, the GAO presents two different simulations: the Baseline Extended, which…
Democrats and Republicans have exchanged formal budget proposals in recent days as they continue to joust over tax increases, spending cuts and how to avoid the year-end “fiscal cliff” that could throw the country into another recession.The fiscal cliff is…
The nation this week mourned former U.S. Senator Warren B. Rudman, a tireless champion of responsible federal budget policies and a founding co-chairman of The Concord Coalition.President Obama called Rudman, who died Monday night at age 82, “one of our…
The Congressional Budget Office (CBO) has once again warned lawmakers of the potential economic damage of failing to act on the “fiscal cliff” -- the combination of automatic spending cuts and expiring tax cuts scheduled to begin in January.If these…