Blog

Bruce Bartlett posits an interesting scenario for when debt default could occur in the US: next year. Before the panic sets in, we should clarify. He...

As part of a celebration of Albert Gallatin's upcoming 250th birthday the Swiss Embassy held a panel discussing the Swiss federal government's "debt...

U.S. financial markets this week have continued to be dominated by global capital seeking a safe haven in U.S. Treasury instruments, as the eurozone...

In testimony before the House Budget Committee this week, Ben Bernanke called for a plan to be put in place now to reduce deficits once the economy...

Start with a basic question: Do you think politicians are better at cutting taxes and increasing spending, or the reverse? The answer should help you...

The Obama Administration has been putting out a flurry (see here and here) of modest savings proposals over the past few weeks. The latest comes in a...

The Congressional Budget Office (CBO) issued its Monthly Review late last week (and today, the Treasury released its Monthly Statement for May). CBO...

Chairman Bernanke's testimony today underscored the fundamental lack of sustainability of the growing federal budget deficit, while simultaneously...

The establishment of a fiscal commission either in Congress or by the President was attacked from both sides of the political spectrum. Liberals...

Lawmakers have railed against the inability to stop the leaking of oil into the Gulf of Mexico, yet they are having no better success in staunching...

The Department of Defense recently announced that it will aim to cut over $100 billion from existing programs over the 2012-2016 period in order to...

The Obama Administration is looking at spending once again. A day after the White House announced a plan to encourage savings by executive agencies...