EconomyCommentary
As Americans deal with an economic hangover of high inflation and rising interest rates caused in large part by Washington’s irresponsible spending spree, House Republicans… Read More
Some lawmakers, led by Senate Budget Committee chair Patty Murray (D–WA), are seeking to raise taxes in the budget conference to replace the modest spending… Read More
Lawmakers are on track to bargain away the one spending cut they got. The Washington Post reports that President Obama and a group of Republican… Read More
U.S. Treasury Secretary Jack Lew suggested yesterday on NBC that “we have already done a lot of deficit reduction.” In reality, government spending and debt… Read More
EconomyNews
The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the… Read More
Moody’s changed the outlook on the U.S. credit rating from negative to stable this week, citing improving deficits. While this is good news, policymakers should… Read More
News
Yesterday marked the beginning of sequestration’s furlough period. Most of the Department of Defense’s roughly 800,000 civilian workers will go without pay for about one… Read More
Senator Sheldon Whitehouse (D-RI) spent eight minutes berating me at a Senate Budget Committee hearing yesterday. He disliked the facts I presented on austerity, so… Read More
In a refreshing break from tradition, the House Appropriations Committee approved a $967 billion discretionary spending plan that would stay within the fiscal year 2014… Read More
Health CareNews
On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But… Read More
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