Following a massive bipartisan increase in emergency spending during the COVID-19 pandemic that contributed to inflation reaching a 40‐​year high, the 118th Congress should shift fiscal gears.

Federal debt is too high and growing at an accelerating pace.

Just as I predicted back in October, Congress pushed its discretionary spending deadline back by one week, from December 16 to December 23.

High and persistent deficits and debt pass a large share of the cost of government spending to future generations.

The Congressional Budget Office has released its annual report of options to reduce the budget deficit.

Last month, Republicans won majority control of the House of Representatives after price inflation hit a 40‐​year high, squeezing family budgets and creating economic uncertainty.

Now that the midterm elections have passed, members of Congress are back in Washington and up to no good.

After this week’s election, members of Congress will return to Washington for a lame‐​duck session during which they will confront a “must‐​pass” deadline of their own making.

“The debt ceiling is an important tool for addressing debt and deficit,” suggests Rep. Adrian Smith (R‑NE).

Government spending growth is directly related to expansions in the scope of government.