Last November, the so-called supercommittee — a 12-member body set up by Congress to tackle a much-needed plan to cut the deficit — threw in the towel. Now, the sequestration process meant to make up for the committee’s failure, may be reversed.

It seems like everyday we hear about plans to cut spending and restore fiscal responsibility. But every time we end up disappointed.

A roundup of this morning’s must-read budget and economic stories.

2011 was a year marked by intense government spending debates – debates that, in the end, cut very little spending.

The process of making New Year’s Resolutions provides us an opportunity to examine the last year and identify the areas we would like to improve. We submit that Washington would do well to go through process.

A roundup of this morning’s must-read budget and economic stories.

Congress’ Christmas letter didn’t arrive until today – check out all they’ve been up to.