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First Hearing for the FCIC
Read moreThe Financial Crisis Inquiry Commission, which was established to examine the causes of the economic and financial crisis, kicked off the first day of... -
Two Major Reports Target Debt Reduction
Read moreIn 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... -
Fed Earns Money, TARP Loses It
Read moreThe 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... -
Moving the Tax Expiration Goal Posts
Read moreThe 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... -
Top Ten Tax Expenditures: JCT releases its annual report
Read moreEarlier this week the Joint Committee on Taxation (JCT), the congressional group that provides cost estimates and tax expertise to Congress, issued... -
David Walker and the Federal Deficit on NPR
Read moreThis morning on NPR’s Morning Edition one of our board members, David Walker, discussed his new book, Comeback America: Turning the Country Around and... -
Deficit Hawks Love their Cake
Read moreOver the weekend one of our favorite bloggers, EconomistMom, joined an important discussion prompted by a Stan Collender blog that called out deficit... -
One More FDIC Bank Closing
Read moreOn 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... -
CBO Monthly Budget Review Shows Record December Deficit
Read moreThe 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... -
How Much Will Health Reform Cost?
Read moreUPDATE: CMS released its estimates of the final Senate bill on Friday. The short answer is that it depends who you ask. Today, the RAND Corporation... -
Laura Tyson Argues for Deficit Reduction
Read moreLaura Tyson, a former chair of President Clinton’s Council of Economic Advisers, warned in a Bloomberg op-ed this morning that cutting back on fiscal... -
Obama Said to Support Tax on Health Insurance
Read moreAccording to the Associated Press, President Obama has encouraged House leaders to support the Senate's excise tax on high-cost insurance plans. As we...