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In what is sure to be a wake-up call for the Japanese government, Standard & Poor’s cut Japan’s credit rating today for the first time in nine years...

Senator Kent Conrad (D-ND), chairman of the Senate Budget Committee, is calling for swift and decisive action to address our worsening fiscal problems...

Senator Rand Paul (R-KY) released his plan for cutting federal spending earlier this week in the latest in a wave of Republican spending cut proposals...

CBO today released its new budget and economic update, showing higher ten-year deficit and debt projections from 2012 to 2021 than they predicted back...

Congressional leaders have agreed to reappoint Doug Elmendorf as the director of the Congressional Budget Office. Mr. Elmendorf, who has been the...

Today, the House voted to end public financing of political party conventions and presidential campaigns by a vote of 239-160. This is part of a...

Last night in his State of the Union address, President Obama hailed a new era of bipartisan cooperation, focusing on America's competitiveness to...

Rep. Michele Bachmann (R-MN) has released her proposal to reign in federal spending, amounting to over $425 billion in cuts annually. Shortly after...

Beginning at 9pm, President Obama will address the nation in second annual State of the Union address to Congress and the American public. CRFB will...

UPDATE: Debt-O terms that were not used in tonight's State of the Union address - Tax Reform, Entitlements, Tax Expenditure, Fiscal Plan, Revenue...

The International Monetary Fund (IMF) released its World Economic Outlook update today, on the eve of two big moments for U.S. fiscal policy - the...

The House of Representatives this afternoon passed a rule directing Rep. Paul Ryan (R-WI), the chairman of the House Budget Committee, to set non...