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

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

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...

As a heads up to all of The Bottom Line's loyal readers, we wanted to let you know that we will be taking a break from blogging over the holidays. But...

UPDATE: CBO mistakenly overestimated the deficit-reducing effect of the Medicare Commission in their score. As a result, they now estimate deficit...

In a blog post earlier this week, Stan Collender presented a laundry list of suggestions about how deficit hawks can be more effective. As a proud...

Yesterday, on the heels of President Obama signing a $1.1 trillion "minibus" CRFB released a paper on the importance of controlling discretionary...

Congress will leave town for the holidays without completing some serious fiscal business, but with a full agenda for next year. The House and Senate...

The chance that some type of bipartisan commission will be created to address the nation’s long-term fiscal challenges increased significantly this...

With U.S. debt held by the public on track to exceed 100% of the economy in a little over a decade, policymakers must come together now and implement...

The House has been extremely busy today, not only passing a $154 billion jobs bill but also passing a temporary continuing resolution, the defense...

This afternoon, the House passed a $154 billion economic aid package. Below we have listed the major spending areas within the bill: Spending...