UPDATE: Pete Davis and Donald Marron commented on this story and defend the CBO as the best way to estimate cost. Douglas Holtz-Eakin explains that...

On Friday evening, the FDIC reported that it has taken over an additional bank ( San Joaquin Bank) for a cost to the FDIC of around $103 million. This...

Today US Budget Watch released "Evaluating Health Care Plans: An Analysis of the Short- and Long-Term Fiscal Implications of Reform Plans." The paper...

Here are the highlights from this weekend’s editorials on fiscal and budget policy: In an editorial titled, “ 2.47 trillion dimes,” The Washington...

The message from the end of the year deficit number is clear: we must start planning how to get the deficit under control. A $1.4 TRILLION deficit is...

Today PERAB, otherwise known as the Tax Reform Subcommittee of the President's Economic Recovery Advisory Board, is holding a meeting focusing on tax...

Today, the White House nominated Charles Blahous, III and Robert Reischauer. Both have been nominated to fill vacant posts for public trustees on the...

This week, Senator Bayh (D-IN) and nine other Democratic senators sent a letter to Senator Harry Reid (D-NV) expressing concern over the size of the U...

Today, the Social Security Administration (SSA) announced that, in light of the deflation experienced over the past year, there will be no COLA for...

In a recent op-ed, Henry Aaron and Belle Sawhill argued that a value added tax (VAT) – a tax on consumption imposed piece-wise in various stages of...

Today Congressional Quarterly reported that Congress is feeling pressure to extend the tax credit for homebuyers that was included in the stimulus...