In some instances it makes good economic sense to run a short-term deficit. But consistent and growing deficits and national debt can hurt the economy. Our Constitution mandates that Congress pass a federal budget every year. It is up to Congress to cut spending and raise revenue in order to stop running a deficit year after year. Over the next few years, lawmakers must begin reducing the national debt and put in place a credible long-term plan to keep the federal budget in balance.
Explore the Rein in Deficits Program
Secretary of Defense Chuck Hagel and Deputy Secretary of Defense Ashton Carter have instituted a review of the organization of the Office of... 
Today, TCS sent a letter urging the House to reject a new trillion dollar farm bill and instead enact a short-term extension.... 
It’s been a busy summer!
So far, we’ve been instrumental in exposing corporate subsidies in the farm bill. We gained ground in our fight... 
The Senate Committee on Finance Subcommittee on Energy, Natural Resources, and Infrastructure met Wednesday, July 31 to discuss the... 
As midyear profit results are released this week, the oil and gas industry is asserting itself once more as one of the most lucrative and... 
Late Wednesday night the House wrapped up debate on the Energy and Water Development Appropriations Bill for Fiscal Year 2014. Several... 
Update (9:03 pm): The Senate has gone with option 1 (see below), allowing for the transfer of $250 million from the Airport Improvement... 
Not only have recent farm bills come in significantly over-budget, but they have also doubled in cost over the past decade. ... 
The Department of Energy (DOE) is asking Congress to provide hundreds of millions in subsidies to commercialize small modular nuclear... -75x66.jpg)
At the 11th hour lawmakers and the White House agreed to a deal on the fiscal cliff. While the deal was crafted to address urgent tax hikes... 
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