News
Bloomberg | U.S. Posts Smaller Budget Surplus in April Than Forecast
The U.S. posted a smaller budget surplus in April than economists projected, as spending increased at more than twice the pace of tax receipts.
Econ Comments & Analysis
WSJ | The Revenue Rolls In
Though the press corps isn't reporting it, this is turning out to be a boom year for Uncle Sam. Federal tax revenue is hitting new records, even with mediocre economic growth.
Heritage Foundation | Spending Season Is Back: How Congress Is Planning to Dish Out Your Tax Dollars in 2015
After the past two years of budgetary dysfunction, during which Congress relied on temporary agreements to fund the government, the appropriations committees are back in session with the charge to present all 12 spending bills for fiscal year (FY) 2015. These bills will divide the $1.014 trillion designated for discretionary spending in FY 2015 amongst the federal government’s myriad agencies and programs.
Blogs
CATO | Cut Spending Because Government Hurting Nation
I have posted an updated plan to cut spending by one fifth and balance the federal budget. These cuts are not the only ones needed, but they are a mix of reasonable reforms spread broadly across the government.
