President Obama will propose freezing "non-security" discretionary spending for the next three years (FY2011-13) when he unveils his new budget next...

Today, we released our Analysis of CBO’s January 2010 Baseline, which discusses the new CBO baseline in detail, including the new deficit and debt...

Budgeteers have long argued that baselines matter. You have to know where you are going before you decide where you should be. We use baselines as...

On Friday evening, the FDIC reported that it has taken over an additional five banks ( Columbia River Bank, Evergreen Bank, Charter Bank, Bank of...

The Senate will vote this week on key fiscal measures as it attempts to increase the nation’s debt ceiling. The debt limit is expected to be reached...

Here is the statement: The serious fiscal situation that our country faces reflects not only the severe economic downturn we inherited, but also years...

We recently invited folks to take the spending challenge and show how they would close the budget gap without raising taxes (or alternatively, take...

Nobel Laureate Joseph Stiglitz stopped by New America this week to discuss his new book "Freefall", about our economic and financial crisis. For the...

Picking a “fiscal goal” would be a great way to get the discussion started about what policies to enact to close the budget gap. It allows...

The nation's soaring federal debt can no longer be ignored and Congress and the president must develop comprehensive plans to avoid a looming fiscal...

Update: The debate between Maya MacGuineas and Brad Delong is about to begin. See the live tweets here: https://twitter.com/BudgetHawks Maya...