Latest
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Appropriations Update: Senate Heading Toward Cutting More
The Senate appears headed toward cutting discretionary spending even below the level called for by Senate appropriators. Senate Majority Leader Harry...
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Celebrating and Strengthening Social Security
Since Social Security was signed into law by Franklin D. Roosevelt on August 14, 1935, it has become the largest government social insurance program...
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Finally, Deficit Neutral Stimulus
Finally, the Senate got it right: we have a deficit-neutral stimulus. In fact, the bill would even slightly reduce deficits by $1.4 billion over the...
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Three Economists Testify Before Senate Budget Committee
Yesterday morning, Richard Berner of Morgan Stanley, Simon Johnson of MIT, and Joel Naroff of Naroff Economic Advisors testified before the Senate...
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There's a New Sheriff in Town...For Now
With Peter Orszag leaving OMB last Friday and Jacob Lew yet to be sworn in, Jeff Zients has been called in to fill the gap as acting director of OMB...
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‘Line’ Items: War Supplemental Finally Passes; Small Biz Bill Not So Lucky
House Gone, Senate Eyeing the Exit – The House started its six-week recess Friday and the Senate will adjourn at the end of this week. Debate and a...
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Appropriations Update: Lawmakers Moving 2011 Spending Bills
Signaling their desire to be more austere, House and Senate appropriators continued pushing their Fiscal 2011 spending bills through the system this...
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Barry Anderson's Testimony Before the Fiscal Commission
In his testimony before the President’s fiscal commission, Barry Anderson discussed the characteristics of budget systems, the roles that fiscal rules...
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MARKETWATCH: July 26-30
The week saw ups and downs of interest in Treasury debt instruments on the margin. Foreign interest backed off a little as perceptions of risk: return...
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Maya MacGuineas Testimony Before the Fiscal Commission
Testimony of Maya MacGuineas President, Committee for a Responsible Federal Budget Director, Fiscal Policy Program, New America Foundation Before the...
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Targeting IPAB
Ever since health care reform passed in March, it's had a huge target on its back by those who want to repeal it. Unfortunately, the bullseye for some...
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The Right Spending Target
A few weeks ago, Fiscal Commission co-chair Erskine Bowles suggested that in designing a plan, "revenue as a percentage of GDP [should not] be much...