Medicare

There is a lot less than meets the eye to the budget deal agreed to last night by outgoing House Speaker John Boehner and the White House. The plan’s proposed new spending is real enough, but many of the spending reductions or new revenues in the plan are wishful thinking at best. Overall, the

As you listen to House Democrats and Republicans sing kumbaya over their bipartisan agreement to fix the Medicare physician payment syste m, keep one thing in mind: The doc fix doesn’t fix much, and what it does repair likely will add hundreds of billions of dollars to the debt in coming years. The

After it returns from Spring Break next week, Congress may face two big fiscal reality checks. It will have to decide whether to temporarily extend...

Treasury Secretary Jack Lew has notified Congress that the U.S. government will reach the limits of its ability to borrow in mid-October. Lew’s letter sounds...