Social Security paid out more in benefits in February than it collected in taxes and interest combined.

In The Magic Mountain: A Guide to Defining and Using a Budget Surplus (AEI Press), Kevin A. Hassett and R. Glenn Hubbard size up the correctly defined surplus and consider five policy options for dealing with it.

If there is one conclusion that should be drawn from the boom in U.S. natural gas production, it is that supplies are so abundant that it makes economic sense to export some of our gas to countries overseas. No one could have imagined that possibility even a few years ago...

If the U.S. government starts accumulating big surpluses, where should it put the money?

The relationship between the U.S. and the People's Republic of China is multifaceted and goes well beyond economic relations, but questions of macroeconomic imbalances have remained at the heart of bilateral discussions between the two.

Scholars discussed the feasibility of Rep. Mark Sanford's (R-S.C.)social security reform proposal.

Americans should be celebrating a genuine, historic achievement in Washington: a budget surplus.

Why is Congress gambling on tax cuts that taxpayers won't even begin to see until two years after the next elections?