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Vice President Joe Biden says the budget talks he chairs are “getting down to the hard stuff” and aiming to curb deficits by $4 trillion over the next decade or so. That's ambitious goal which would be hard to achieve…


Congress and the White House are accelerating their budget and debt limit negotiations amid growing concerns about the economic recovery and the possibility that a political stalemate could trigger turmoil in the financial markets.After only one meeting so far this…


Many older Americans pay close attention to the big federal entitlement programs that provide them with benefits. But a group of college students in Iowa urges younger people to also focus attention on these programs – and on how politicians…


Elected officials still seem locked into their negotiating positions on the federal debt limit, leading Moody’s to warn that it could soon consider downgrading the government’s credit rating “due to the very small but rising risk of a short-lived default.”The…


The punch line of an old joke aptly describes the status of budget negotiations in Washington: you can’t get there from here. It’s not the “there” that is the problem; it’s the “here.”Broad bipartisan consensus exists on two points. The…


With only 1 percent of the federal budget, foreign aid makes up a much smaller part of the country’s fiscal problems than many people believe, according to Rebecca Williams of the Henry L. Stimson Center.In a guest blog posting for…


Six diverse organizations offered proposals for broad fiscal reform last week at the second annual “Fiscal Summit” in Washington hosted by the Peter G. Peterson Foundation.Although the plans differed in a variety of ways, all called for substantial changes in…


Last week the Senate rejected motions to proceed to four budget proposals. Like this week’s scheduled House vote on the debt limit, the votes were largely symbolic and expected to fail. The Senate considered budgets proposed by President Obama and…


Later today House Republicans plan to vote down an initial request from the administration to approve an increase in the federal debt limit without spending reductions. The vote will be largely symbolic, coming after several weeks of negotiations between the…


The leaders of two prominent deficit-reduction panels worry that elected officials this year will lack “the courage to forge a comprehensive, multi-year debt reduction plan.” In a guest column last week in Politico, the panel leaders warned against delay and…


Prospects for fiscal reform efforts by the “Gang of Six” senators were left uncertain after one of the Republicans, Sen. Tom Coburn of Oklahoma, walked away from the talks last week, saying he was on “sabbatical.”On Sunday Sen. Majority Whip…


Negotiations to raise the federal debt limit are resuming today between the administration and lawmakers as partisan bickering over the budget continues and newly released projections have underscored worries about Medicare's finances.The government hit its debt ceiling a week ago…

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