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The Peterson-Pew Commission’s “Red Ink Rising” plan for American lawmakers has earned some black ink worldwide too since its release, not to mention...

According to a Donald Marron, reallocating TARP funds to use for other purposes (such as a jobs bill) may violate the letter of the law (and certinaly...

Warning that the out-of-control federal debt places the economic future of our nation at risk, the Peterson-Pew Commission on Budget Reform this...

Today, Citigroup announced that it will repay $20 billion in TARP funds. Since last fall, the government has provided $45 billion in capital for Citi...

On Friday evening, the FDIC reported that it has taken over an additional three banks ( Solutions Bank, Valley Capital Bank, Republic Federal Bank)...

The Washington Post, this morning, warned that it is "time to start panicking" about the long-term debt, and that bipartisan action would be needed to...

The House passed a bill yesterday containing six of the appropriations bills still lingering in Congress, at a total cost of $447 billion. On Monday...

On December 9, Secretary Geithner requested that TARP be renewed through October 3, 2010. Having spent a net of $386 billion, the $700 billion program...

Committee for a Responsible Federal Budget president Maya MacGuineas has an op-ed in The Hill online today. Citing the end-of-the-year dance...

There's an intriguing passage in the White House press release on President Obama's stimulus speech at Brookings yesterday: " An overall approach to...

Senate Budget Committee chairman Kent Conrad (D-ND) and ranking Republican Judd Gregg (R-NH) today introduced legislation to create an 18 member...

There’s a reason India Times just picked up David Lightman’s story “Rising debt threatens to derail Congress on just about everything.” The world...