In a publicly released letter to the co-chairs of President Obama’s fiscal commission, Rep. Frank Wolf (R-VA) warned of the “deep and downward slide”...

Lots of Assignments Due After Recess – Lawmakers are home this week for the Memorial Day recess. When they come back next week they will have a lot of...

The House today passed a one-year extension of various tax breaks as well as expanded unemployment benefits until November on a 215-204 vote. In a...

Two massive spending bills that congressional leaders wanted to dispose of before hitting the road for Memorial Day have hit potholes as lawmakers...

You might have missed it yesterday, but during the second meeting of the National Commission on Fiscal Responsibility and Reform, IMF Director of...

CBO recently put out its quarterly estimate of the macroeconomic effects of the American Recovery and Reinvestment Act of 2009 (ARRA). They found that...

The President's Fiscal Commission has been charged with proposing: "Recommendations designed to balance the budget, excluding interest payments on the...

The OECD (the Organization for Economic Cooperation and Development, the Paris-based think tank for the 31 richest countries) released its twice-a...

A close vote is expected today to end debate in the senate on a $59 billion supplemental that includes funding for operations in Iraq and Afghanistan...

Larry Summers gave a very interesting and thoughtful talk in Washington recently (May 24). But it was delivered in High Oracular Econospeak, so many...

The President's Fiscal Commission is holding its second public meeting, which is being webcast live on the White House's website. We've embedded the...