President Obama will meet with congressional leaders in an attempt to revive the debt-limit talks that broke down last week. GOP leaders need to realize that they are the ones with the leverage in these negotiations.

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.

It's tempting to call the shameful taxpayer subsidy for electric cars - vehicles that are unaffordable for all but a small number of wealthy Americans - this nation's costly little secret.

The Obama and Ryan plans have one striking similarity, as neither specifies which tax preferences will be curtailed or eliminated. Each plan will face hard choices when it comes time to spell out the details. Significant base broadening cannot be achieved by eliminating unpopular loopholes.

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

In a just-published piece in Tax Notes, AEI economists Kevin Hassett and Alan Viard explain how targeted tax increases on big oil companies pose significant risks to the economy.

The "Buffett Rule's" stated goal of making millionaires pay the same tax rates as the middle class is appealing. Unfortunately, the proposal is based on inaccurate claims about the tax system and its enactment would penalize the investment that fuels long-run economic growth.

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.