A recent report from the Associated Press Global Economy Tracker found that the U.S. national debt (as a percentage of GDP) is the fifth largest among...

Update: CBO has scored Boehner's legislation, showing it to reduce deficits by a total of $850 billion from 2012-2021. The discretionary caps are $1.1...

If you take a look at House Speaker John Boehner's proposal and Senate Majority Leader Harry Reid's proposal -- both of which increase the debt limit...

In a new op-ed published in Investor's Business Daily, CRFB co-chairs Tim Penny and Bill Frenzel offer insight into how Democrats and Republicans in...

The state of play in the debt negotiations has been an ever-evolving spectacle over the last several weeks. First the Biden group negotiations, then...

Tonight, President Obama will address the nation at 9 PM EST about the current negotiations going on between him and Congress over how to raise the...

Although this idea isn't brand new, CBO director Doug Elmendorf has a blog post that concisely illustrates the trade-offs that must be made in order...

Beat the Heat…and the Clock – Washington is dealing with stifling heat, but that isn’t the only thing making policymakers sweat. As thermometers reach...

The focus in Washington on deficit reduction has produced a slew of balanced budget amendment proposals this year. Many lawmakers see a balanced...

As a former GOP Senator, you've seen your share of debt-ceiling votes and deficit talks. Is this round any different? This is different because of...

Pew's Center on the States has an interesting new report with a different angle on how breaking through the debt ceiling and defaulting would affect...