Latest
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CBO/JCT Reports Roundup
A number of very interesting and relevant government reports came out this week. Check them out: JCT: Technical Explanation Of The Revenue Provisions...
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Republicans Named to Deficit Commission
Congressional GOP leaders have just named three Senators and three Congressman to sit on the National Commission on Fiscal Responsibility and Reform...
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Balanced Budget Amendment Caucus Launches
Today a new bipartisan caucus was announced to support passage of H.J. Res.1, a balanced budget constitutional amendment. The co-chairs are...
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Costs of Policy Changes under President's Budget
CRFB has updated its comparisons of the costs of the President's proposed policies -- outlined in the President's FY 2011 Budget -- incorporating new...
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Ireland's Tough Decisions Create Fiscal Credibility
Ireland, like other European Union nations including Spain, Portugal, and Greece, risked losing the confidence of its creditors when it did not have a...
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Will Third Time Be the Charm for Spending Caps?
Legislation from Senators Jeff Sessions (R-AL) and Claire McCaskill (D-MO) to establish discretionary spending caps may get a third vote this week in...
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Debating Revenue Under Paul Ryan's "Roadmap for America's Future"
A month and a half ago, Representative Paul Ryan (R-WI) released his " Roadmap for America's Future," a detailed plan to reform taxes and spending...
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Fed Begins Making Reverse Repurchase Agreements
This week, the New York Federal Reserve announced the beginning of a new Reverse Repurchase Agreement Program to reduce some of the liquidity in...
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Mankiw's Problem with Deficit Neutrality
From Greg Mankiw: Imagine you have a friend who has a budget problem. Every month he spends more than he earns. His credit card bills are piling up...
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Senate Approves Safety Net and Tax Break Extensions
The Senate has just approved, by a 62-36 vote, HR 4213, which extends unemployment compensation and COBRA benefits for the unemployed, along with many...
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States Face Huge Unfunded Liabilities in Their Pension Plans
On Tuesday, March 9, the New York Times reported about how state and local pension funds are changing their investment strategies to improve their...