A fiscal commission might be a good idea, but it's also the ultimate expression of Congress' irresponsibility.
Servicing debt grows more expensive as the deadline to curb the spending spree gets closer.
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
In the last 50 years, when the budget process has been in place, Congress has managed only four times to pass a budget on time.
A new Government Accountability Office report notes that of 24 federal agencies, none of their headquarters are more than half-staffed on an average day.
A debt commission won't solve any of the federal government's fiscal problems, but it's the first step towards taking them seriously.
The libertarian-adjacent Kentucky congressman says he's against the effort to depose Speaker Kevin McCarthy.
Plus: A listener asks whether younger generations are capable of passing reforms to entitlement spending.
Don’t count on that promise to not hike taxes on “people making less than $400,000.”
Since Congress won't cut spending, an independent commission may be the only way to rein in the debt.
America’s biggest fiscal challenge lies in the unchecked growth of federal health care and old-age entitlement programs.
Legislators abuse the emergency label to push through spending that would otherwise violate budget constraints.
Federal officials ignore repeated warnings, and we all pay the price.
The lack of oversight and the general absence of a long-term vision is creating inefficiency, waste, and red ink as far as the eye can see.
Since Congress designed and implemented the last budget process in 1974, only on four occasions have all of the appropriations bills for discretionary spending been passed on time.
The national debt has ballooned from $14 trillion to $32 trillion in a little over a decade.
The Center has gotten rich in part thanks to its "hate map," which smears many good people.
Civil forfeiture is a highly unaccountable practice. The justices have the opportunity to make it a bit less so.
Projections of huge savings are making the rounds. Nothing could be further from the truth.
Plus: A listener question concerning the key to a libertarian future—should we reshape current systems or rely upon technological exits like bitcoin and encryption?
After getting lucky for his first few years in office, Newsom now faces his first major budgetary crisis. How he responds will show a lot about his leadership skills.
Last year, Biden was trying to take credit for "the largest drop ever" in the federal budget deficit. Now, the deficit is almost three times as large as it was a year ago.
It's time for President Joe Biden and House Speaker Kevin McCarthy to strike a deal that will avoid a default and cut spending.
Plus: A listener question scrutinizing current attitudes toward executive power
In 2019, discretionary spending was $1.338 trillion—or some $320 billion less than what Republicans want that side of the budget to be.
The most important part of the Limit, Grow, Save Act is the limits.
A return to so-called normal order wouldn't fix all of Washington's many problems, but it would be a step in the right direction.
FTC Chair Lina Khan has an agenda that's against big companies, not for consumer well-being.
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
Congress' end-of-year rush to fund the federal government has become the norm.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
Handouts for tourist-trap museums will be part of the federal funding battleground in the next two years.
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
Plus: a listener question on prohibition and a lightning round on the editors' favorite Super Bowl moments
The Florida governor wants to fund more migrant stunts, despite claiming that his budget will “keep more money in the pockets of Floridians.”
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
Taking stock of the utterly unserious fiscal policy discourse in Washington.
Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.