If the Obama administration follows through on its newly announced effort to identify and weed out unproductive federal programs, it could build public confidence and support for more sweeping fiscal reforms in the future. (more…)
Deficits remain a big focus in Washington as President Obama, Federal Reserve Chairman Ben Bernanke and members of Congress in both parties have struggled to find the right balance between nurturing the economic recovery and demonstrating fiscal responsibility.But timing is…
Public concern about the nation’s rising debt burden is beginning to have an impact on the legislative agenda. That much was evident as the House passed a scaled back “extenders” bill (H.R. 4213) on May 28 by a slim margin.…
The President’s bipartisan fiscal commission faces a high hurdle. It must find consensus among 14 of its 18 members to send a package of recommendations to Congress for an up-or-down vote in December.The difficulty of achieving such consensus in Washington’s…
