News
Politico | Congress's $91 billion budget gap
Nearly a month after the great budget debates of March, there’s no prospect soon of even appointing a formal House-Senate conference to try to resolve the differences. And rather than be the fall guy again, Appropriations Committee leaders are making plans to move ahead with what could be wildly different assumptions come May and June.
Econ Comments & Analysis
CATO | The Cyprus ‘Bail-In’ Exposes ‘Too Big To Fail’ as All Too Timid
The Cyprus bank “bailout” drama contains one major positive for U.S. observers: finally someone has found the courage to execute a credible solution to large bank failure that is not backstopped by taxpayers.
Blogs
CATO | Entitlement Spending Is America’s Biggest Fiscal Challenge, but Discretionary Spending Is Still Far too High
If America descends into Greek-style fiscal chaos, there’s no doubt that entitlement programs will be the main factor. Social Security, Medicare, Medicaid, and Disability are all fiscal train wrecks today, and the long-run outlook for these programs is frightful.
