In a speech given today at New York University, OMB Director Peter Orszag said the Administration intends to cut the deficit in half by the end of...

According to the Government Accountability Office (GAO), roughly $5.1 trillion in publicly traded U.S. Treasury bonds – or around 78 percent of our...

On Friday evening, the FDIC reported that it has taken over an additional nine banks ( FDIC Closes Nine Banks) for a cost to the FDIC of around $2.5...

Here are the highlights from this weekend’s editorials on fiscal and budget policy: The New York Times criticized the House Financial Services...

The federal debt held by the public, today, is almost $7.5 trillion dollars. That is around 53 percent of gross domestic product (GDP) -- higher than...

A number of very interesting and relevant reports have come out of the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) the...

Today, House Speaker Nancy Pelosi intoduced the latest House health care reform bill, fresh with estimates from the Congressional Budget Office and...

The General Motors Acceptance Corporation (GMAC), previously owned by General Motors, has offered $2.9 billion of three-year bonds in the private debt...

The Senate has reached a consensus on the issue of extending the homebuyer’s tax credit, first implemented in the stimulus bill. The tax credit was...

Update: The Congressional Budget Office has put out their amended score of the House health care bill. It can be found here. A summary of the bill can...

House Majority Leader Nancy Pelosi will unveil legislation today for the latest House health care reform bill. While the score from the Congressional...

The Obama administration is looking into offsetting some of the costs of likely tax break extensions by cracking down on international tax evasion...