Congress has invented a new extreme sport: Skating on the edge of a $7 trillion fiscal cliff.
Maya MacGuineas and Bernard Baumohl on what can be done to fix a broken government.
When it comes to cutting deficits, don't play small ball.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
You can't say we didn't have a heads up. Just a few weeks ago, S&P said:
Investors say markets have lost confidence amid U.S. debt crisis. CNN's Nina Dos Santos reports.
Picture a negotiation with your boss that goes something like this:
Maybe the cynics are right. Maybe it will prove too heavy a lift to use the occasion of the debt ceiling increase to put in place a large, specific budget fix to reduce our massive deficits.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
As lawmakers and the White House squabbled over the 2011 budget, dozens of prominent economists, former government officials and business leaders pressed them on Thursday to get serious about forging a long-term fix for the country's unsustainable debt.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Kent Conrad's announcement this week that he would step down in 2012 rather than seek re-election didn't draw much attention outside the Beltway. But it should -- because it could have a big impact on the nation's finances.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Last week was such a happy week for deficit hawks. This week, they're back to beating their heads against the wall.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
CNNMoney: Dear Speaker Boehnerupdated: Wed Nov 03 2010 11:04:00
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Inflation has barely budged in recent months, but try telling that to the seniors who won't be getting an increase in their Social Security benefits next year.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
On Oct. 1, just three weeks after lawmakers return from their summer break on Tuesday, fiscal year 2011 will begin. But Congress will not have a new budget in place by then. And it may not materialize anytime soon.
Last Friday, the House passed and sent to the Senate a jobs bill that was scaled down in an effort to control the cost.
Some of the smartest budget experts say the new health reform law will do much to reduce the deficit. But there are others who say it more likely will be a budget buster.
In the past five years, the administrations of both parties have tried to reform three big-ticket items: the tax code, health care and Social Security.
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