Latest
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The Fiscal Speed Bumps Ahead
Although labeled as the " fiscal cliff deal," the American Taxpayer Relief Act (ATRA) enacted into law left many budget issues unresolved or only...
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House Approves $50 billion in Sandy Relief
Yesterday, the House of Representatives approved an additional $50.5 billion in disaster funding for areas devastated by Hurricane Sandy by a 241-180...
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Line Items: Golden Globes Edition
Golden Moment – The Golden Globe Awards were held over the weekend. Many view the awards as a prelude to the Academy Awards, although the Golden...
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Ross Gets Specific on Tax Reform
Yesterday, Rep. Dennis A. Ross (R-FL) introduced H.R. 243, otherwise cited as the Bowles-Simpson Plan of Lowering America's Debt (BOLD) Act, a bill...
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Fitch Calls for Credible Medium Term Deficit Reduction Plan
Following the enactment of the American Tax Relief Act a few weeks ago, two top credit rating agencies--Moody's and Standard & Poor's-- announced a...
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Putting the Debt on a Downward Path
Yesterday, President Obama suggested we need about $1.5 trillion in deficit reduction on top of what has been enacted so far, a claim which matches a...
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MY VIEW: Maya MacGuineas January 2013
CRFB President Maya MacGuineas has an idea for the debt ceiling: instead of gaming out a potential default (which would be disasterous) or using some...
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Op-Ed: Proposing the Unprecedented to Avoid Default
New York Times | January 14, 2013 The elbow room the government has given itself on the debt ceiling is quickly approaching, and there are a numbers...
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The Concord Coalition Calls for Reform of the Debt Limit
With the Treasury Department undertaking extraordinary measures to avoid a potential default, the Concord Coalition is calling for both raising and...
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Federal Reserve Makes $88.9 Billion in Profit
Yesterday, the Federal Reserve announced in a preliminary estimate that it had made a profit in 2012 and transferred $88.9 billion to the Treasury...
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IRS Taxpayer Advocate Report Shows the Need for Tax Reform
The complexity of our tax code has many advocates making the case for tax reform as we head toward the second round of fiscal negotiations. In a...
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The Commonwealth Fund's Plan to Tackle Health Spending
Earlier this week, we discussed the recent slowdown of National Health Expenditures (NHE) and how, while promising, it may not last. That means more...