Budget Process

Even in best years the congressional appropriations process usually results in a proverbial train wreck. And this year is shaping up to be such a bad...

In remarks at the think tank Third Way, House Majority Leader Steny Hoyer covered the bases in talking about our deficits and debt. Among the topics...

The statutory PAYGO law left a gaping hole for spending designated as an emergency. Since the designation has no formal definition, it can technically...

Summertime, but the Living Isn’t Easy in Congress – Today brings the first official day of summer, but Washington has already been experiencing...

Senator John McCain has introduced the Debt Buy-Down Act of 2010. A variation of this bill has been introduced in several previous Congresses (102nd...

Bruce Bartlett posits an interesting scenario for when debt default could occur in the US: next year. Before the panic sets in, we should clarify. He...

“Beautiful Game”and Not-So-Pretty Agenda – Add soccer to all the other distractions in Washington as lawmakers face a packed agenda. With the World...

As part of a celebration of Albert Gallatin's upcoming 250th birthday the Swiss Embassy held a panel discussing the Swiss federal government's "debt...

The Administration is taking important steps in improving the budget situation: The proposed 3-year spending freeze of non-security discretionary...

Lawmakers have railed against the inability to stop the leaking of oil into the Gulf of Mexico, yet they are having no better success in staunching...

Washington Post Editorial: Economic stimulus plans ought to specify how the borrowed money gets repaid

Looks like the White House wants to attack the deficit one small change at a time. After promoting the Reduce Unnecessary Spending Act to give the...