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A proposal to form a bipartisan commission to address the nation’s mounting long-term debt just fell short of the 60 votes needed for approval in the...

Senate vote on Baucus amendment (97-0 vote to exempt changes to Social Security from a statutory budget commission from fast-track vote in Congress).

The federal deficit in FY10 is expected to be $1.35 billion--a slight drop from the $1.41 trillion in FY09--but still the second largest in our nation...

Budgeteers have long argued that baselines matter. You have to know where you are going before you decide where you should be. We use baselines as...

The Senate will vote this week on key fiscal measures as it attempts to increase the nation’s debt ceiling. The debt limit is expected to be reached...

On Friday evening, the FDIC reported that it has taken over an additional five banks ( Columbia River Bank, Evergreen Bank, Charter Bank, Bank of...

We recently invited folks to take the spending challenge and show how they would close the budget gap without raising taxes (or alternatively, take...

Here is the statement: The serious fiscal situation that our country faces reflects not only the severe economic downturn we inherited, but also years...

Nobel Laureate Joseph Stiglitz stopped by New America this week to discuss his new book "Freefall", about our economic and financial crisis. For the...

Picking a “fiscal goal” would be a great way to get the discussion started about what policies to enact to close the budget gap. It allows...

Update: The debate between Maya MacGuineas and Brad Delong is about to begin. See the live tweets here: https://twitter.com/BudgetHawks Maya...

The nation's soaring federal debt can no longer be ignored and Congress and the president must develop comprehensive plans to avoid a looming fiscal...