The Republicans are winning this year’s budget battle: Discretionary spending will decrease. But this is hardly the time for the GOP to take a victory lap: Next, the GOP will have to lower unemployment and improve the average A…
Washington now spends that much more than it did a mere three years ago. But trying to figure out what we’re getting for all that extra money is no simple matter. A lot of slicing and dicing does yield some answers — none of w…
Goldman Sachs drew some undeserved ire when it recently pointed to proposed cuts in federal spending as a key near-term risk. While the proposed cuts are modest, they could still undermine the rebound at a critical time.
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Here we go again: Congressional Republicans and White House Democrats are engaging in a game of rhetorical warfare over the budget. If the parties don’t agree on a plan by March 4, the federal government could close, rattling s…
Like all budgets, the federal government’s spending plan is all about revenues and expenditures. Unfortunately, Uncle Sam is very good at grossly overestimating tax receipts and grossly underestimating spending. It’s enough to …