Washington’s money problems make it all the more important for individual Americans to plan responsibly for their own financial futures. At the same time, elected officials have no time to lose in confronting the fiscal challenges imposed by an aging…
Citing the country’s “extreme fiscal duress,” Defense Secretary Robert Gates last week said the administration would cut $78 billion from its five-year defense plan. The Pentagon budget would still continue to grow above inflation for the next three years, however.Gates…
Whether the United States can move beyond “deficit denial” may depend on three elected officials who will each present a budget plan early next year: President Obama, incoming House Budget Chairman Paul Ryan (R-WI), and Senate Budget Chairman Kent Conrad…
With lawmakers returning to Washington this week, Republicans face an extremely difficult task: Living up to the campaign rhetoric that helped them gain dozens of congressional seats in the Nov. 2 elections.Republicans campaigned on a pledge to move towards a…