In a blog yesterday and op-ed today, OMB Director Peter Orszag defended the President's health care plan as reducing "deficits by roughly $100 billion...

Given the present economic and political climate, many are eying Constitutional changes to help improve the budget situation. In yesterday’s Wall...

The CBO released an updated cost estimate* of the Senate jobs bill yesterday. This larger bill calls for further increased funding for unemployment...

Unable to pass health care reform using “regular order,” Congressional Democrats now are turning to much-misunderstood process known as “budget...

The Congressional Budget Office issued its Monthly Budget Review yesterday. It estimates that the federal government incurred a deficit of $655...

The Senate has just voted to not waive a Budget Act point of order raised against the Sessions-McCaskill amendment (#3337) to the Senate jobs bill...

For the first time since it began purchasing mortgage-backed securities, the Fed's holdings of federal agency MBS's passed the $1 trillion mark last...

Yesterday GAO released its annual report on the fiscal outlook for state and local governments and the news is not good. GAO found that that the short...

The Treasury Department recently released its annual Financial Report of the U.S. Government, reporting on the budget deficit, net operating costs...

Deficit Challenge suggestions continue to pour in. Recently, one commenter suggested we cancel all new Education programs proposed or started under...

Highway to Nowhere – Sen. Jim Bunning (R-KY) has blocked a vote on temporarily extending unemployment and COBRA benefits, the Medicare “doc fix” as...