On January 8, the FDIC reported that it has taken over an additional bank ( Horizon Bank) for a cost to the FDIC of about $540 billion. This brings...

The government ran record deficits of $390 billion in the first quarter of FY2010, according to the CBO’s Monthly Budget Review. Even last year, with...

UPDATE: CMS released its estimates of the final Senate bill on Friday. The short answer is that it depends who you ask. Today, the RAND Corporation...

Laura Tyson, a former chair of President Clinton’s Council of Economic Advisers, warned in a Bloomberg op-ed this morning that cutting back on fiscal...

According to the Associated Press, President Obama has encouraged House leaders to support the Senate's excise tax on high-cost insurance plans. As we...

CRFB board member and former CBO and OMB director, Alice Rivlin, argued in Bloomberg, today, that policymakers should put a deficit-reduction plan in...

Today’s New York Times article on the difficulty President Obama faces in keeping his promise about deficit reduction and tax cuts, Promise to Trim...

At this week’s American Economic Association meetings in Atlanta, two economists, Kenneth Rogoff and Carmen Reinhart, explore how high levels of...

John Podesta and Mike Ettlinger of the Center for American Progress have an op-ed in Financial Times today, calling for a 10 year plan to close the...

Last month, the International Monetary Fund released a report identifying successful measures that countries should keep in mind as they cope with...

On December 18, the FDIC reported that it has taken over an additional seven banks ( First Federal Bank of California, Imperial Capital Bank...

We hope all of our readers had very happy holidays. Now that we are back from our vacation, there is a lot to report on regarding congressional...