Washington D.C. can be a leader in public pension accounting reform and provide an example for municipal plans across the country-some of which are in dire condition-of how such reforms can serve to guarantee a stable pension system for municipal workers.

Without major program changes, CLASS will face a financial crisis that could lead to a financial bailout rivaling anything we have seen to date.

Europe’s proposed financial firewall around Spain and Italy will prove any more effective in protecting those countries from another market onslaught than was the Maginot line in protecting France. The very design of the proposed firewall appears to be basically flawed in dealing with a renewed loss of market confidence in the euro’s long-run sustainability.

Sir, Lawrence Summers is certainly correct in asserting that the right focus of the European countries must be on restoring economic growth if they are to restore fiscal sustainability (“Growth not austerity is the best...

A failure to increase publicly funded agricultural research and development (R&D) will likely have long-term consequences for the sustainability of US agriculture in a competitive global environment and for the natural resources on which it depends.

Joseph Antos' analysis of Medicare's fiscal crisis and reform options that could make the program sustatainable; a response to a request from 16 health professionals elected to the U.S. Senate and House of Representatives for public comment on Medicare reform. 

While markets are again correctly obsessing over Italy and Spain’s poor economic growth prospects, as reflected in markedly higher government bond yields for those two countries, they seem to have taken their eye off two upcoming political events that could usher in a new and more serious phase of the...

How reasonable is it to expect that international markets will indefinetly stay open to an ever-increasing volume of Chinese exports?