Airline traffic may not be the only thing slowed by Iceland’s volcanic eruptions. The slow-moving, fragile economic recovery may take a hit as well...

According to the IMF, we are entering a new phase of the economic and financial crisis: the world has averted a depression, a recovery is taking hold...

From the Chairman's Mark of the FY2011 Senate Budget Resolution (emphasis added): Certainly, the need to return to fiscal discipline and the costs of...

Japan is considering legislation to impose deficit-targets, according to an article in The Wall Street Journal. With their debt nearing 200% of GDP...

With global recovery underway but still fragile, reducing government (sovereign) debt risk is important, so that global economic recovery can be...

In today's Financial Times, Roger Altman asked " whether the credit standing and currency stability of the world's biggest borrower, the US, will be...

With the April 15 deadline having just passed, it seems that taxes are on everyone's mind. The Washington Post ran an editorial and an op-ed by Robert...

Here are the highlights from this weekend’s editorials on fiscal and budget policy: Taking off on Ben Bernanke's testimony before Congress last week...

Congress Extends Unemployment Benefits, Along With the Deficit – Last week Congress extended expanded unemployment benefits, COBRA subsidies, the...

Congress this week demonstrated once again that members aren’t yet willing to embrace the new era of fiscal responsibility that was supposed to start...

Yesterday the Senate voted overwhelmingly, 85-13, to approve a non-binding “sense of the Senate” resolution sponsored by Senator John McCain (R-AZ)...