JPMorgan Chase’s $2 billion trading loss is top news nationwide. But over at the U.S. Postal Service (USPS), such losses are business as usual. USPS… Read More
House Speaker John Boehner (R–OH) announced yesterday that the House is gearing up to vote prior to the November election on extending all of the… Read More
The Medicare trustees report, released this week, reinforced the urgent need to reform the federal health insurance program for seniors. Medicare is on an unsustainable… Read More
The General Services Administration’s (GSA) scandalous spending at a 2010 conference has gotten plenty of attention. Rightly so, because the GSA officials’ misconduct resulted in… Read More
House Democrats described the budget they released yesterday as a “clear contrast” to the one introduced by House Budget Committee chairman Paul Ryan (R–WI). It… Read More
Yesterday, Senate Finance Committee chairman Max Baucus (D–MT) released a modified chairman’s mark on the Highway Investment, Job Creation and Economic Growth Act of 2012… Read More
At the close of business, the federal government’s debt limit will increase by another $1.2 trillion, the final installment in a series of hikes that… Read More
President Obama will release his annual budget proposal late yet again. Choosing the date is not merely a convention. By law, the President must release… Read More
On Thursday, President Obama formally notified Congress that the total federal debt (debt subject to statutory limit) is within $100 billion of the debt limit… Read More
Dark clouds hover over the nation’s finances and threaten a perfect storm of massive debt and crushing taxation unless Congress starts acting—soon. Washington must demonstrate… Read More
