Updates and expands the assessment of the long-term budgetary outlook, addressing such issues as the collapse of the congressional budgetary process and the threat posed by the termination of discretionary spending caps. Concludes with a look at how the nation's deficit will affect America now...

Authors suggest reforms in federal programs that have the potential to reduce the growth of spending for the entire health system, increase the efficiency and effectiveness of care provided, and enhance health outcomes and stress the need for innovative approaches and cooperation between the...

"International transportation experts compare and contrast how different nations have managed their airports and air traffic control systems to address congestion and delays, carrier competition, and air travel safety and how well they are meeting the needs of their people" - Provided by publisher

The research reported in this set of three working papers focuses on different assumptions about the intertemporal behavior of government policymakers. In particular, we carefully study alternative specifications of intertemporal fiscal closure rules and their impacts on the effectiveness of...