The House voted Wednesday to sustain President Obama's veto of a Continuing Resolution to keep the government funded. Huh? Confused? Why wasn't this...

At the start of the new decade, one in every ten Americans is unemployed. By broader measures of unemployment (including discouraged workers who may...

President Obama has just proposed a fee on financial firms, stating his commitment “to recover every single dime the American people are owed.” The...

The Financial Crisis Inquiry Commission, which was established to examine the causes of the economic and financial crisis, kicked off the first day of...

In the past two days, at least two new voices have joined a growing chorus of organizations warning that our federal debt is growing at an...

The Federal Reserve announced, this morning, that it will transfer $46.1 billion in FY2009 profits over to the Treasury, higher than the $31.7 billion...

The President may choose to submit a budget in which he extends the Bush tax cuts only temporarily—say for two years, rather than permanently as was...

Earlier this week the Joint Committee on Taxation (JCT), the congressional group that provides cost estimates and tax expertise to Congress, issued...

This morning on NPR’s Morning Edition one of our board members, David Walker, discussed his new book, Comeback America: Turning the Country Around and...

Over the weekend one of our favorite bloggers, EconomistMom, joined an important discussion prompted by a Stan Collender blog that called out deficit...

On January 8, the FDIC reported that it has taken over an additional bank ( Horizon Bank) for a cost to the FDIC of about $540 billion. This brings...

The government ran record deficits of $390 billion in the first quarter of FY2010, according to the CBO’s Monthly Budget Review. Even last year, with...