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Budget Blueprint: Paths to 60 Percent
Read moreIn Red Ink Rising: A Call to Action to Stem the Mounting Federal Debt, The Peterson-Pew Commission on Budget Reform calls on policy makers to...
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Citi to Repay $20 Billion in TARP Funds
Read moreToday, Citigroup announced that it will repay $20 billion in TARP funds. Since last fall, the government has provided $45 billion in capital for Citi...
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Red Ink Rising
Read moreIn Red Ink Rising: A Call to Action to Stem the Mounting Federal Debt, The Peterson-Pew Commission on Budget Reform calls on policy makers to...
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Release of 'Red Ink Rising'
Read moreWarning that the out-of-control federal debt places the economic future of our nation at risk, the Peterson-Pew Commission on Budget Reform this...
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Three More FDIC Closings
Read moreOn Friday evening, the FDIC reported that it has taken over an additional three banks ( Solutions Bank, Valley Capital Bank, Republic Federal Bank)...
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Washington Post Warns of Coming Debt Panic
Read moreThe Washington Post, this morning, warned that it is "time to start panicking" about the long-term debt, and that bipartisan action would be needed to...
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House Passes $447 Billion 'Minibus' Bill
Read moreThe House passed a bill yesterday containing six of the appropriations bills still lingering in Congress, at a total cost of $447 billion. On Monday...
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CRFB's MacGuineas Calls for Budget Reform
Read moreCommittee for a Responsible Federal Budget president Maya MacGuineas has an op-ed in The Hill online today. Citing the end-of-the-year dance...
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Five Steps to Cut the National Debt
Read moreSphere | Dec. 10, 2009 Earlier this week, lawmakers confirmed that they will increase the national debt ceiling by as much as $1.8 trillion – raising...
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Follow the House's Lead: Pay for the Extenders
Read moreYesterday, the House passed a $31 billion “tax extenders” bill to renew a number of tax rates for another year. The last minute passage of this...
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Op-Ed: Congress' Bad Record of Passing Appropriations Bills Shows Need for Budget Process Reform
Read moreThe Hill | Dec. 10, 2009 In the next few days, the House and Senate will engage in their usual end-of-year dance and vote on two massive omnibus...
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Troubled Asset Relief Program: Year-End Review
Read moreOn December 9, Secretary Geithner requested that TARP be renewed through October 3, 2010. Having spent a net of $386 billion, the $700 billion program...