UPDATE: 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...

On 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...

In a blog post yesterday, Donald Marron discussed an additional way for governments to ease budget pressures along with traditional spending cuts and...

Along with their analysis of the President's Budget, on Friday, CBO updated its Social Security projections. And as it turns out, the surpluses are...

On Friday evening, the FDIC reported that it has taken over an additional four banks ( Centennial Bank, Waterfield Bank, Bank of Illinois, Sun...

In 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...

Here 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...

Temporary Tax Extensions Avoid “The Hurt Locker” – The Senate passed H.R. 4691, a 30-day extension of several expired tax breaks and unemployment and...

This afternoon CBO released its preliminary analysis of the President’s Budget, projecting a significantly worse fiscal situation than the...

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...