News
WSJ | Group Backs Simpson-Bowles Plan
A small bipartisan group of House lawmakers, bucking their Democratic and Republican leaders, is advancing a plan to reduce the federal budget deficit by more than $4 trillion over 10 years through a combination of spending cuts and tax increases.
National Journal | Republican Study Committee Budget Pushes More Cuts Than Ryan Plan
The conservative Republican Study Committee on Tuesday proposed a budget that would cap spending at $931 billion, lower than the House Republicans' plan, underscoring fissures within the GOP over spending.
Econ Comments & Analysis
Roll Call | Ryan’s Budget Matters, Even If It Goes Nowhere
Rep. Paul Ryan’s budget is a big story in Congress, even though it barely made it through the House Budget Committee, will take a battle to pass on the House floor and has zero chance of being embraced as is, or in any facsimile, in the Senate.
WSJ | Demand for U.S. Debt Is Not Limitless
The conventional wisdom that nearly infinite demand exists for U.S. Treasury debt is flawed and especially dangerous at a time of record U.S. sovereign debt issuance.
Blogs
Neighborhood Effects | Red ink flows in state-run prepaid tuition programs
In three years the Prepaid Alabama Tuition Program (PACT) will run dry. The State Treasurer reports PACT which pays $100 million in tuition a year, has $347 million in investments remaining.
Heritage Foundation | The RSC Budget: A Preliminary Look
It launches decisive entitlement reforms, cuts spending sharply and quickly, avoids tax hikes, includes pro-growth tax reform, provides for a strong national defense, and moves aggressively—within five years—to a balanced budget.
