This article is the first part of a two-part examination of the contentious issue of how state governments' provision of goods and services to the public should be taxed under a VAT.

On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return." 

Pakistani Prime Minister Yousaf Raza Gilani became a convicted felon last week, sparking loud cries from opposition leaders for his resignation. But what does his conviction really mean for Pakistani politics?

The federal government can and should play a limited but important role in helping the nation address the challenge of  improving the productivity of education spending.

In the wake of the newly-released Ryan budget proposal, AEI agricultural economist Vincent Smith discusses the implications for agricultural subsidies and explains why more budget-cutting is imperative.

At this AEI event, House Budget Committee Chairman Paul Ryan will deliver remarks on the nation's fiscal and economic challenges.

As I listened to House Budget Committee Chairman Paul Ryan describe his latest budget plan in a speech at American Enterprise Institute on Tuesday, I couldn't help thinking how different things will be in Britain today when Chancellor of the Exchequer George Osborne steps out of Number 11 Downing Street with a battered red briefcase holding his budget for the forthcoming year.

A new CBO study shows that federal-government employees receive significantly higher compensation than private-sector workers with the same levels of education and experience. It confirms many of the findings of a 2011 study written by Andrew Biggs and Jason Richwine and helps rebut union claims that federal workers are underpaid.