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CRFB has been calling for policymakers to set fiscal targets for some time. Apparently we haven’t been clear enough on what that means. Unfortunately...

The Wall Street Journal reports that a package of tax extenders might have a harder time getting by the PAYGO regime. Since the planned offsets were...

Yesterday morning, Richard Berner of Morgan Stanley, Simon Johnson of MIT, and Joel Naroff of Naroff Economic Advisors testified before the Senate...

Since Social Security was signed into law by Franklin D. Roosevelt on August 14, 1935, it has become the largest government social insurance program...

Finally, the Senate got it right: we have a deficit-neutral stimulus. In fact, the bill would even slightly reduce deficits by $1.4 billion over the...

The Senate appears headed toward cutting discretionary spending even below the level called for by Senate appropriators. Senate Majority Leader Harry...

With Peter Orszag leaving OMB last Friday and Jacob Lew yet to be sworn in, Jeff Zients has been called in to fill the gap as acting director of OMB...

House Gone, Senate Eyeing the Exit – The House started its six-week recess Friday and the Senate will adjourn at the end of this week. Debate and a...

A few weeks ago, Fiscal Commission co-chair Erskine Bowles suggested that in designing a plan, "revenue as a percentage of GDP [should not] be much...

Sen. John Thune (R-SD) introduced a deficit reduction and budget reform bill yesterday, aptly titled the Deficit Reduction and Budget Reform Act of...

Add another solid idea to the growing list of proposals to help improve federal budgeting and put the country on a sustainable fiscal course...

The week saw ups and downs of interest in Treasury debt instruments on the margin. Foreign interest backed off a little as perceptions of risk: return...