Two months ago, the House adopted a budget resolution that outlines the Republican majority's ambitious plans to slow the growth of federal entitlement spending. If implemented properly, entitlement spending restraint can address the long-term fiscal imbalance in a way that promotes economic growth and freedom.

The US economy continues to disappoint and performs more poorly than original forecasts that were made by the more optimistic economists, who also tended to be supporters of the idea that our economy needs a big Keynesian stimulus. Sadly, this does not come as a surprise to many.

Here is another good news/bad news column about the 112th Congress.

The White House's Office of Management and Budget is keeping secret the detailed and long-term budget projections and parameters that it uses to forecast the deficit in future years.

In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.

Under current law, the U.S. Department of Defense automatically faces significant spending cuts over the next 10 years—cuts that america's civilian and military leaders have cadidly described as "devastating" and "very high risk."

On Tuesday, May 15, join the American Enterprise Institute, the Center for a New American Security and the New America Foundation to discuss an issue sure to face the next president: U.S. defense spending in light of American grand strategy.

The budget submitted to Congress today by the Obama administration includes significant cuts to the Department of Defense that appear divorced from America's current strategic reality.