Budget, Debt, and Deficits

Must Read Authors: Peter Wallsten, Lori Montgomery, and Scott Wilson

President Obama used an economic "grand bargain" to wash his hands of Washington's dysfunction, presenting himself as a well-intentioned man unable to secure a fair deal with the Capitol's enduring partisanship--but the reality of the deal was a lot more complicated than press statements from either party reveal, write Peter Wallsten, Lori Montgomery, and Scott Wilson for the Washington Post.

See more in United States; Congresses, Parliaments, National Legislatures; Budget, Debt, and Deficits

Must Read Author: John Cranford

John Cranford of Congressional Quarterly writes that increases to the ceiling on federal debt have become highly partisan affairs. If Republicans are united in their intent to use the debt limit to demand tough spending constraints, then brinkmanship, not compromise, may be the driving force behind this year's Congressional vote.

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Must Read Author: James Bickley

Due to an increasing U.S. Federal government deficit many groups now argue for the institution of a national value-added tax (VAT) to increase government revenue. James M. Bickley of the Congressional Research Service examines the plausibility of enacting such a plan.

See more in United States; Budget, Debt, and Deficits; Tax Policy