One of the most enduring myths about the federal budget is that a significant portion of it goes overseas in the form of foreign aid. In fact, foreign aid is about one percent of the federal budget.
With elections looming in November, most observers don’t expect Congress to pass a budget before the October 1 deadline.
The Government Accountability Office recently found that $619 billion in federal grants and loans was improperly reported in 2012.
This Congress is on track to be one of the least productive ever, with a full slate of immediate problems still unaddressed.
What corporate tax inversions mean for U.S. taxpayers.
Yesterday the trustees of two key social insurance programs - Social Security and Medicare - released their annual reports projecting the future of the programs’ finances.
Last week, the Congressional Budget Office (CBO) released its 2014 Long-Term Budget Outlook, projecting that the nation’s fiscal future is stable for the next few years and then begins to worsen gradually with an increase in the federal debt.
Doug Hall explains the budgetary implications of the controversial Hobby Lobby and Harris v Quinn Supreme Court rulings.
The Pentagon’s most expensive weapons system in history, the infamous F-35 Joint Strike Fighter, was recently grounded.
Throughout our history we’ve found confidence in the belief that the people’s voices, united, are stronger than any sum of wealth. Sadly, it appears that this is no longer the case.