#National Debt

After Republicans and Democrats on the new super committee held separate discussions last week, the co-chairs announced that the full panel would hold its first meeting this Thursday. It is expected to focus on organizational issues and opening statements from…

The administration has lowered its deficit projections from last February but cautions that further action is needed to invigorate the economy in the short term and hold down deficits in the long run.Jack Lew, director of the Office of Management…

While elected officials have an obligation to encourage public engagement on the nation’s fiscal challenges, their constituents should work to ensure that members of Congress -- particularly those on the new super committee -- take their views into account. (more…)

In blunt but appropriate language, Federal Reserve Chairmen Ben Bernanke used a high-profile speech late last week to criticize Washington’s handling of the recent debt limit controversy and to call for a better process for making fiscal decisions.Speaking at an…

New projections from the Congressional Budget Office show a potential path to significantly reduce federal deficits over the next decade. But it would require elected officials to either stick to current law or find ways to offset any deviation from…

Wall Street recorded one of the most volatile weeks in its history as investors last week reacted to the struggling American economy, Europe’s debt crisis, the downgrade of the U.S. credit rating by Standard & Poor’s, and continuing doubts about…

Congressional leaders last week appointed the joint committee charged with finding most of the savings promised in the recent deal to raise the debt limit.Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Tex.) will chair the new panel, widely referred…

Projections by the Congressional Budget Office make it clear that future choices about tax policy -- and particularly about expiring tax cuts -- will be a critical factor in the country’s fiscal outlook for many years to come.Republicans counted it…