News
Bloomberg | House Republicans Said to Seek Additional U.S. Spending Cuts
House Republicans are pushing for a new round of budget cuts this year, congressional aides said, raising the possibility of a government shutdown shortly before the November election.
Econ Comments & Analysis
Washington Post | Government shutdown threat returns
Senate Majority Leader Harry Reid is worried House Republicans might try to save a little money with the budget they’re set to release next week. The Nevada Democrat got wind the plan will authorize less than the absolute maximum amount allowed under the debt-ceiling deal signed into law last summer.
WSJ | Default and the Nature of Government
Twenty-first century economists, financial actors and regulators blithely talked of the "risk-free debt" of governments, and European bank regulators set a zero-capital requirement on the debt of their governments. The manifold proof of their error is that banks and other investors are now taking huge credit losses on their Greek government bonds.
Heritage Foundation | Federal Budget: What Congress Must Do to Control Spending and Create Jobs
As the national debt races toward $17 trillion and nearly 13 million Americans search fruitlessly for work, America needs bold changes from its leaders.
Blogs
Heritage Foundation | Morning Bell: A Budget to Save the American Dream
America’s fiscal condition is dauntingly dismal. The national debt is well on its way to $17 trillion, 13 million Americans are out of work, and the country is stuck in the slowest recovery in the post-war era.
