Under the Administration's Mid-Session Review, the gap between spending and revenues is set to persist throughout the decade with barely any change in...

OMB has just released its Mid-Session Review, incorporating the effects of the Budget Control Act and the Super Committee's target savings into its...

The Commission on Wartime Contracting in Iraq and Afghanistan, created by Congress in 2008, has issued its final report, showing that there has been...

It's no secret that taxes will be a central element in national politics over the next fourteen months leading up to the Presidential election. With...

The destruction and devastation caused by Hurricane Irene is of serious concern, and addressing it will come at a real cost. Yet even while both...

In a joint press release this morning, Super Committee co-chairs Sen. Patty Murray (D-WA) and Rep. Jeb Hensarling (R-TX) announced that Mark Prater...

In a Bloomberg article, Sen. Mark Warner (D-VA) called for the Joint Committee set up by the recent debt deal to exceed its $1.5 trillion target for...

Quakes and ‘Canes – Washington and much of the East Coast were rattled by natural phenomena last week, with a 5.9-magnitude earthquake on Tuesday and...

In CBO's latest Budget and Economic Outlook, CBO includes revised projections of various economic indicators as part of its update. Since there is...

Yesterday, CBO released an update on the effects of the American Recovery and Reinvestment Act of 2009 (ARRA) on employment and economic output in the...

Although CBO shows debt improving significantly over the coming decade, reaching 61 percent of GDP in 2021, debt will not follow this downward path...