Federal Budget

WASHINGTON - The House on Thursday approved a deal to lift the nation's debt ceiling and raise caps set on federal spending for the next two years. But even as the votes were being cast on the measure, members of... Read More

WASHINGTON - House Majority Leader Steny Hoyer said Tuesday a bipartisan agreement on budget caps and the federal debt limits hashed out Monday night is an example of what can happen when elected officials "work together in good faith" for... Read More

WASHINGTON—The Blue Dog Coalition on Thursday released a comprehensive plan it believes will help restore fiscal discipline in Congress.  The Blue Dog Blueprint for Fiscal Reform was developed under the leadership of Representatives Ed Case, D-Hawaii, and Ben McAdams, D-Utah,... Read More

WASHINGTON - A bipartisan group of Senators led by Senate Budget Committee Chairman Mike Enzi, R-Wyo., is calling on the White House Office of Management and Budget to publish a full list of all federal programs publicly available on the... Read More

WASHINGTON - The U.S. House of Representatives voted 220--197 Friday to approve the National Defense Authorization Act, a move moderate House Democrats called "a step towards reaffirming American leadership in the world." The National Defense Authorization Act is the name... Read More

WASHINGTON - The U.S. budget deficit increased by $140 billion during the first nine months of the current fiscal year, rising to $747.1 billion, the Treasury Department said Thursday. The department said the deficit for the current fiscal year through... Read More

WASHINGTON - As they head back to their districts for the week-long July 4 district work period, House Democrats have reason to feel proud and maybe, just a little bit tired. For the first time in 13 years, the House... Read More

WASHINGTON - The federal debt is on track to reach unprecedented levels in the next 30 years and will rise to 144 percent of the nation's gross domestic product by 2049 if current laws are maintained, the Congressional Budget Office... Read More

WASHINGTON - Representative Kevin Brady, R-Texas, one of the principal architects of the 2017 Republican tax cuts, conceded Tuesday that assurances the cuts would pay for themselves may not pan out in exactly the way the GOP promises. "It's so... Read More

WASHINGTON - Negotiations between House Democrats, the GOP-controlled Senate and the White House over a 2020 budget plan "are not going very well" and could very well extend to the September 30 deadline to avoid automatic spending caps, the chairman... Read More

Alice Rivlin, the economist and centrist Democrat who as the first director of the Congressional Budget Office taught lawmakers to be more conscious of the cost of new legislation, has died after a battle with cancer. The Brookings Institution, where... Read More

Both Social Security and Medicare are on unstable financial footing, and lawmakers need to act sooner rather than later to shore up America’s bedrock retirement programs and phase in needed changes, the trustees of both programs said in reports released... Read More

Think about it. Every public corporation in America is required to make frequent filings to the U.S. Securities and Exchange Commission. These reports provide a comprehensive summary of the company's performance, the risks it foresees encountering in the near and... Read More

The Blue Dog Coalition of fiscally-responsible Democrats, has endorsed a Balanced Budget Amendment authored by Representative Ben McAdams, the co-chair of the organization's task force on fiscal responsibility and government reform. McAdams, a Democrat from Utah, is the first to... Read More

Former US Senator and South Carolina Governor Ernest "Fritz" Hollings died early Saturday morning at his home in Isle of Palms, South Carolina, after being in declining health for several weeks. He was 97. In a statement, his three surviving... Read More

If there was anything about President Donald Trump's proposed budget for the 2020 fiscal year that surprised no one on Capitol Hill Monday, it was his apparent willingness to revive the nasty fight over funding of his border wall that... Read More

The $4.7 trillion federal budget for 2020 proposed by President Donald Trump on Monday, misses the mark on achieving meaningful deficit reduction while relying on accounting "sleight-of-hand" to bring future spending into promised balance in 15 years, according to a... Read More

The Treasury Department reported Tuesday that the federal deficit for the first four months of the current fiscal year is 77 percent higher than the same period a year ago. Since the fiscal year began on October 1, 2018, the... Read More

This week, Democrats took back the majority in the U.S. House of Representatives following 2018's historic midterm elections. One of the first orders of business? Establish rules for the 116th Congress. H.Res.6, "A Resolution Providing for the House ... Read More

As the nature of work dramatically changes in the 21st century, new leaders are emerging to tackle the challenges of our shifting economic landscape. Workers are facing growing uncertainty in the labor market, and their relationship with their employers must ... Read More

Silicon Valley likes to talk about disruption. From how you hail a cab to how you shop for groceries, technology developed in Silicon Valley has changed almost every part of the average American’s life. But we haven’t disrupted... Read More

A new poll released by the Peter G. Peterson Foundation finds the national debt is a driving factor for a majority of Americans. According to the poll, conducted by the bipartisan team of polling firms, Global Strategy Group and North... Read More

Despite all the blustering on the campaign trail about the debt and deficit, this week the Treasury Department announced a fiscal year 2018 deficit of $779 billion. This is the largest deficit since 2012, two years after the... Read More

A recent move by the New Jersey State Senate would provide extended funding for manufacturing workforce development in a state where more than 1 million jobs are supported by the industry. The bipartisan legislation... Read More

As the number of legislative days this Congress dwindles, the New Democrat Coalition, a group of 68 Democrats in the House of Representatives who are committed to pro-economic growth, pro-innovation, and fiscally responsible policies, continue to push their “New Economic Opportunity ... Read More