A fiscal storm has been brewing over America for years, and things are only getting worse.
Romina Boccia focuses on federal spending and the national debt as the Grover M. Hermann fellow in federal budgetary affairs in the Roe Institute for Economic Policy Studies at The Heritage Foundation.
May 23, 2017, 10:55 AM EDT
October 20, 2016, 3:12 PM EDT
New numbers on federal spending from the CBO are not pretty.
October 4, 2016, 9:05 AM EDT
Why do projections differ on Social Security's looming insolvency?
July 19, 2016, 9:21 AM EDT
The federal government has a spending problem that threatens to swallow up the resources of the American taxpayer and crush the American economy. Congress can begin to solve this dilemma if it expands self-imposed restrictions to the part of the budget that is driving the country toward crisis.
June 28, 2016, 5:10 PM EDT
Entitlement reform is even more urgent now than when Obama took office.
May 11, 2016, 5:23 PM EDT
Promised savings rarely materialize to their fullest extent when it comes to federal spending. From budget gimmicks to accounting tricks, government agencies and Congress have their ways of making savings elusive.
March 17, 2016, 5:16 PM EDT
This week the House budget committee presented its budget proposals for fiscal year 2017 to the American people. It spends too much, cuts too little, and is riddled with gimmicks that thwart the goal of honestly balancing the budget. This is not what a conservative budget looks like.
February 9, 2016, 11:35 AM EST
President Obama is submitting his final budget to Congress this week. Regardless of the contents of this budget, the president’s fiscal legacy is largely already written, and it’s a story of failed leadership, broken promises, and a more burdensome government for the American people.
February 3, 2016, 10:18 AM EST
On Monday the U.S. national debt hit a new record: $19,012,827,698,418. This is the first time the national debt has ever exceeded $19 trillion. That’s more than $58,000 for each person who lives in the U.S. today (including children).
December 17, 2015, 10:03 AM EST
Early Wednesday morning, the House Rules Committee posted text for the Consolidated Appropriations Act of the 2016 fiscal year (FY). This $1.1-trillion congressional spending package, known as the omnibus, shows Washington at its worst.
October 22, 2015, 1:30 PM EDT
The debt limit is upon Congress, challenging lawmakers to address rising spending and debt with serious budget reforms.
October 6, 2015, 4:25 PM EDT
Treasury Secretary Jack Lew announced last week that the U.S. government may not have enough cash on hand by Nov. 5, 2015, to meet all of its payment obligations.
May 14, 2015, 10:02 AM EDT
Lawmakers rely on projections from federal agencies, such as the Social Security Administration, the Congressional Budget Office and the Joint Committee on Taxation to assess the current path of the federal budget and how alternative policies could affect that path.
March 10, 2015, 5:17 PM EDT
You’ve probably heard the claim that deficits have been cut in half and are at the smallest level since 2009, implying that the nation has corrected its fiscal course.
January 23, 2015, 4:44 PM EST
President Obama talked at length about jobs, the minimum wage and salaries during his State of the Union speech. Here we look at some of his claims and whether they’re true or not.
December 10, 2014, 4:36 PM EST
At over 1,600 pages, Congress’s $1.1 trillion behemoth spending bill funding almost all government agencies through September 2015 has arrived.
October 14, 2014, 11:27 AM EDT
The United States is not necessarily doomed to a fate of chronic and growing deficits. Congress can rein in the biggest drivers of spending and debt growth and turn the tide on the U.S. budget.
October 9, 2014, 5:25 PM EDT
The Congressional Budget Office released Wednesday the figures for spending, revenues and the deficit in 2014. At $486 billion, the 2014 deficit is the smallest since the pre-stimulus and pre-bailout level of $498 (adjusted for inflation to 2013) in 2008.
September 10, 2014, 9:39 AM EDT
Congress has just returned from a 5-week recess to a lot of unfinished business—it has yet to send even one of the 12 spending bills due on Sept. 30 to the president’s desk.
August 27, 2014, 5:23 PM EDT
While many reports will focus on the Congressional Budget Office’s (CBO) 2014 deficit and economic forecast released today, a less-told story is what’s driving the growth in government spending over the next decade.