There are mixed signals on U.S. finances from the CBO.
Obama’s newly-released 2015 budget might set a new standard for budgetary Pollyannaism.
President Obama on Tuesday unveiled an ambitious budget that promised more than $600 billion in fresh spending to boost economic growth while also pledging to solve the nation’s borrowing problem by raising taxes on the wealthy, passing an overhaul of immigration laws and cutting health costs without compromising the quality of care.
Congress has until Oct. 17 to raise the debt ceiling. Here's what happens if they don't.
Republicans have lost their reason for being.
Congress is debating the budget deficit again. Here's what you need to know to follow the conversation.
Seriously? A 30-year budget forecast is supposed to solve Washington's woes?
It's far from obvious why people care about balancing the budget. So what are the most common reasons given?
Senators sometimes want to talk about other stuff when they should be talking about budgets. There's a great loophole for just that purpose.
You've heard -- perhaps on this very blog! -- that our long-term deficits are almost entirely driven by health-care costs. That's not quite right.
A lot of people hate deficits, and a lot of people hate that the national debt is so high. But why should this worry them?
Alan Simpson's style might work among the Washington establishment, but it's holding back his cause.
"Here's a pretty important fact that virtually everyone in Washington seems oblivious to: The federal deficit has never fallen as fast as it's falling now without a coincident recession."
David Leonhardt's "Here's the Deal" is one of the calmest, clearest looks you'll find at the deficit -- both what it is and how to fix it. Here are 10 of the passages I highlighted in the book.
Ironically, hitting the debt ceiling will almost certainly cause the deficit to balloon. Let us count the ways.
A graphical look at what will and won't result from the fiscal cliff deal.
Deficit reduction would save everyone money on interest payments, but the rich would get the biggest break by far.
Monetary policy, Zelda, and other stories we missed.
Citizens for Tax Justice points out that the White House's $150 billion price tag on Obama's one-year tax cut extension only appears to include part of the total cost—the income tax cuts. Obama's own 2013 budget includes a permanent fix to the Alternative Minimum Tax and some relief from scheduled estate tax hikes, which are both separate from the standard income tax. Adding these in would add $80 billion to the total.