Latest
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States Face Huge Unfunded Liabilities in Their Pension Plans
Read moreOn Tuesday, March 9, the New York Times reported about how state and local pension funds are changing their investment strategies to improve their...
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Deadlines Are Made To Be Broken
Read moreHere's a good one for you: Using the House legislative calendar as a guide, as of March 10, Congress will have 16 legislative days to enact a budget...
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More Analysis of the President's Budget
Read moreOn Friday, the Congressional Budget Office released its Preliminary Analysis of the President’s Budget. (Last week we offered a few graphs and a short...
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Senate Should Post Information on Spending
Read moreUPDATE: The Coburn amendment was agreed to on a 100-0 vote. The Senate today will consider a proposal from Senator Tom Coburn (R-OK) to post...
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The 90 percent Debt-to-GDP Threshold and CBO’s New Debt Estimates
Read moreOn March 5, the Congressional Budget Office (CBO) gave us a preview of its take on the President’s budget proposals for Fiscal Year 2011 (starting...
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The Deficit Challenge Turns to Government Assets...
Read moreIn a blog post yesterday, Donald Marron discussed an additional way for governments to ease budget pressures along with traditional spending cuts and...
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Are Social Security Surpluses Gone for Good?
Read moreAlong with their analysis of the President's Budget, on Friday, CBO updated its Social Security projections. And as it turns out, the surpluses are...
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Four More FDIC Bank Closings
Read moreOn Friday evening, the FDIC reported that it has taken over an additional four banks ( Centennial Bank, Waterfield Bank, Bank of Illinois, Sun...
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Past Uses of Reconciliation
Read moreIn last week's backgrounder blog post on budget reconciliation, we said that the process has been used 22 times in the past, with the President having...
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Weekend Editorial Roundup
Read moreHere are the highlights from this weekend’s editorials on fiscal and budget policy: The New York Times called on Congress to do more to create jobs...
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‘Line’ Items: Oscars Edition
Read moreTemporary Tax Extensions Avoid “The Hurt Locker” – The Senate passed H.R. 4691, a 30-day extension of several expired tax breaks and unemployment and...
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CBO Releases its Preliminary Analysis of the President's Budget
Read moreThis afternoon CBO released its preliminary analysis of the President’s Budget, projecting a significantly worse fiscal situation than the...