EconomyCommentary
Get Ready for Two Big Budget Showdowns in Congress
It hasn’t gotten much attention, but two big budget showdowns are looming in Washington in the weeks ahead. The first is what to do about raising the… Read More
EconomyCommentary
The Two Good Things in the Terrible Boehner-Obama Budget Deal
The recent Boehner-Obama budget deal is bad public policy. Formally known as the Bipartisan Budget Act of 2015, it’s devoid of serious entitlement reform and allows… Read More
EconomyCommentary
Candidate Obama Said $11.3-Trillion Debt Limit Was ‘Unpatriotic.’ Now the National Debt Is $18.1 Trillion.
In October 2008, Congress raised the debt limit to $11.3 trillion. Then-presidential candidate Barack Obama denounced the action as “irresponsible” and “unpatriotic.” But those were… Read More
EconomyNews
19 Million People Have Watched This Senator’s Speech. How Did It Go Viral?
Sen. Mike Lee’s Facebook post thanking Sen. Rand Paul for a floor speech fighting against the two-year budget deal is blazing across social media, reaching more… Read More
EconomyNews
Conservatives Vow to ‘Not Back Down’ in Spending Fight
Looking to protest a budget agreement that increases spending by $80 billion over two years, conservatives may be inclined to advance appropriations bills that include… Read More
EconomyCommentary
The Budget Process ‘Stinks,’ So Let’s Fix It
It can’t be overstated: Our current fiscal track is unsustainable and our ways of repairing it are inadequate. Or in the words of new House… Read More
EconomyNews
See How Your Senators Voted on the Boehner-Obama Budget Deal
Less than five days after it was introduced, the Senate passed the 144-page, two-year budget deal that suspends the debt limit until March 2017 and raises… Read More
EconomyCommentary
Ted Cruz: Obama-Boehner Budget Deal ‘Complete And Utter Surrender’
Majority Leader Mitch McConnell and a lame-duck Speaker John Boehner have once again linked arms with a lame-duck President Barack Obama and congressional Democrats to… Read More
EconomyNews
Lawmakers: Boehner-Obama Budget Deal Uses Same Accounting Gimmick as Obamacare
Two conservative lawmakers are accusing Republican leaders of using an accounting gimmick in their budget deal—a “trick” that mimics a tactic Democrats employed to pass… Read More
EconomyNews
Find Out How Your Congressman Voted on the Boehner-Obama Budget Deal
Despite overwhelming opposition from the majority of Republicans, the House of Representatives voted to pass a two-year budget deal today that raises spending caps by… Read More
EconomyCommentary
Lame Ducks, Lame Deal: The Boehner-Obama Budget Plan
When I had just started to raise a family, and I struggled to make my small business turn a profit, I had to make decisions… Read More
EconomyNews
Sens. Lee, Sessions Blast Boehner-Obama Budget Deal For Being ‘Drafted in Secret’
The chairman and former chairman of the Senate Steering Committee, a group of the most conservative senators, are urging their colleagues to oppose the budget… Read More
EconomyNews
Rand Paul on Budget Deal: ‘I’m Going to Do Everything in My Power to Stop It’
In an interview Wednesday, Sen. Rand Paul, R-Ky, doubled down on his promise to filibuster the Boehner-Obama budget deal reached by President Barack Obama and… Read More
EconomyCommentary
How Many Concerts Would Taylor Swift Have to Perform to Pay Off One Day’s Interest on the Debt?
If Taylor Swift decided she’d help Uncle Sam with some of those interest payments on our $18.1 trillion national debt, she’d have to do… Read More
EconomyCommentary
This Is the Worst Budget Deal GOP Has Negotiated Since George H.W. Bush Violated No New Taxes Pledge
Halloween is looking especially scary this year. On Monday, Republican leaders in Congress declared an unconditional fiscal surrender to President Barack Obama and the left,… Read More
EconomyNews
Paul Ryan Will Support Boehner-Obama Budget Deal
Rep. Paul Ryan, the leading candidate to be the next House speaker, announced today he will support the budget deal negotiated by Speaker John Boehner… Read More
EconomyNews
Democrats Rally Around Boehner-Obama Budget Deal While Conservatives Resist
House Speaker John Boehner’s budget deal has earned him praise from the White House and congressional Democrats, but conservatives are unhappy with the package, saying… Read More
EconomyCommentary
The Boehner-Obama Budget Deal Is Unacceptable. Congress Should Wait Until New Speaker Chosen.
Once again, a massive deal, crafted in secret, unveiled at the 11th hour, is being rushed through Congress under threat of panic. Once again, we… Read More
EconomyNews
House Speaker Candidates Get a Warning on Boehner-Obama Budget Deal
A founding member of the House Freedom Caucus is calling on candidates for House speaker to oppose what he considers “a monstrosity of a budget… Read More
EconomyCommentary
The Boehner-Obama Budget Deal Explained in One Chart
Washington is addicted to spending. The most recent embodiment of this fact is the Bipartisan Budget Act of 2015. The deal, agreed to by House Speaker John Boehner… Read More
EconomyNews
Poll: 61% of Americans Oppose Debt Limit Hike or Want It Tied to Spending Cuts
Speaker John Boehner stepped to the podium this morning to proclaim that he listened to the American people when crafting his budget deal with President… Read More
EconomyNews
Paul Ryan on Boehner-Obama Budget Deal: ‘This Is Not the Way to Do the People’s Business’
Rep. Paul Ryan, the leading candidate to become the next House speaker, today criticized the massive budget deal negotiated by President Barack Obama and Speaker… Read More
Economy News
Jeff Flake Explains Why Republicans Want Entitlement Reform in Debt, Spending Deal
Congress has until November 3 to raise the debt limit so the government can borrow to pay its bills and avoid the risk of defaulting… Read More
EconomyNews
Obama Celebrates a Drop in the Budget Deficit as the National Debt Balloons
The Obama administration is trumpeting a shrunken federal deficit as new justification for more spending and an end to mandatory budget cuts. The Congressional Budget… Read More
EconomyCommentary
Saving Face While Capitulating: Congress and Its Debt Limit Plan
The debt limit is upon Congress, challenging lawmakers to address rising spending and debt with serious budget reforms. While the administration and its supporters demand a… Read More
EconomyNews
Cut, Cap, and Balance Makes a Comeback With Goal of Slicing Deficit in Half
Sen. Rand Paul, R-Ky., and Rep. Mick Mulvaney, R-S.C., are joining forces to revive a plan to cut the deficit in half as the deadline… Read More
Economy News
House Freedom Caucus Promises to Keep Pressure on Boehner During Debt Ceiling Debate
As pressure builds for Congress to increase the government’s borrowing cap, outgoing House Speaker John Boehner is signaling he will do what it takes to… Read More
EconomyCommentary
Why Congress Must Work to Balance the Budget
Important budget questions were discussed this week at a widely attended event by the Institute to Reduce Spending that featured Chairman of the House Budget… Read More
EconomyNews
These 3 House Committees Plan to Repeal Parts of Obamacare
Months after promising voters they would repeal Obamacare, House Republicans in three committees have introduced proposals to roll back specific parts of President Obama’s health… Read More
EconomyCommentary
The Debt Limit Is Back. Why That’s a Good Thing
Debt limit panic is about to hit Congress. Treasury Secretary Jack Lew announced last week that the U.S. government may not have enough cash on… Read More
