Latest
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Memo for FY2011 Budget Preparation: Positive Effects from Preannouncing Deficit Reduction
Faced with massive debt burdens coming out of the economic and financial crisis – even before the retirement and health care tsunami hits – experts...
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The U.S. Taxpayer and the IMF
For the U.S. taxpayer, last weekend’s International Monetary Fund (IMF) meetings in Turkey were a reminder of the importance of global cooperation to...
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Urban Institute Panelists Examine Exploding Debt
The Urban Institute hosted an event today on The Financial and Economic Consequences of an Exploding Debt. Len Burman, Norman Ornstein, Mike Mussa...
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TARP -- One Year Later
Saturday marked the one-year anniversary of the Troubled Asset Relief Program (TARP), established as part of the Emergency Economic Stabilization Act...
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Three More FDIC Bank Closings
On Friday evening, the FDIC reported that it has taken over an additional three banks ( Southern Colorado National Bank, Jennings State Bank, and...
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Weekend Editorial Roundup
This weekend, there have been a number of editorials about fiscal and budget policy. Among them: USA Today argued for "patching" the estate tax next...
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September Unemployment Rate and Uncertain Outlook
To those watching the economy as it enters into positive territory and the financial markets as they seemed to be getting into gear again, today’s...
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Social Security Beneficiaries Rise by 19%
According to Bloomberg News, the number of Social Security beneficiaries increased by 19 percent, or 2.6 million retired workers, in FY 2009. This...
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This Week's Finance Committee Markup
The Senate Finance Committee wrapped up work today on the markup of their Health Care Reform legislation, America’s Healthy Future Act. After moving...
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FDIC Proposes Banks Prepay Insurance Premiums
This week, the FDIC issued a Notice of Proposed Rulemaking (NPR) to require insured banks to prepay premiums for Q4 2009 all the way through 2012. The...
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Simplifying the Tax Code
Yesterday, the tax subgroup of the President's Economic Recovery Advisory Board (PERAB) met to discuss ideas for simplifying the tax code as part of...
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Fiscal Year 2010 is Upon Us
Today marks the end of fiscal year 2009 (FY 2009), and to celebrate the occasion, the Committee for a Responsible Federal Budget has put together a...