#National Debt

Former CBO directors Rudolph Penner and Alice Rivlin were among the budget experts who testified in front of the House Budget Committee last week about the country’s broken budget process and offered their suggestions.Penner emphasized that Congress should get serious…

Last week the House Ways and Means Committee held a hearing on “dynamic scoring,” a controversial alternative method for estimating how tax legislation will affect government revenue over the long term.Dynamic scoring adjusts revenue estimates to account for the effects…

On Capitol Hill this week, attention is turning to a continuing resolution (CR). Because Congress will not complete the appropriations process before the fiscal year ends Sept. 30, a CR is necessary to prevent a government shutdown.House Appropriations Committee Chairman…

While tax cuts can encourage economic growth, it is important for Congress to remember that some work better than others – and to keep the big fiscal picture in mind. That’s the advice Diane Lim Rogers, chief economist for The…

President Obama offered his deficit-reduction recommendations to the congressional super committee on Monday, urging the panel to find both spending cuts and additional tax revenue to far exceed its assigned goal.Obama put Medicare and Medicaid on the negotiating table, giving…

With less than three weeks remaining in the fiscal year, Congress is heading towards another failure to complete the budget process. None of the twelve FY 2012 appropriations bills have been enacted. The House has passed six bills, and the…

President Obama yesterday sent Congress the American Jobs Act, a set of proposals that he says will provide both a short-term boost for the economy and a basis for bipartisan cooperation that could help restore public confidence in Washington.The President…

It is not inconsistent to provide effective short-term support for the economic recovery while laying the groundwork for long-term deficit reduction. To do so, however, Washington will have to move beyond the inflexibility and partisan vitriol of the recent debt…