The budget presents a thorny political challenge for congressional Republicans: Fiscal hawks call for a tighter focus on debt reduction, while defense hawks say a strong US military is paramount.
Our tax-based highway funding is a mess. Saving it may mean making its funding path even more complicated.
Do deficits matter? It is an age-old question that’s going to get renewed attention in a Congress where Republicans have made no secret of their desire to cut government spending. Two tax experts take up the deficit debate.