Economy

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Two competing bills aimed at averting huge spending cuts failed Thursday in the Senate, virtually assuring that the $85 billion in across-the-board cuts will kick in after Friday night's deadline. Photo by Sul Loeb/AFP/Getty Images With the U.S. Capitol emptied…

Do you think that American legislators are hindered by partisan politics? Take a historical trip back to 1842 when the country was on the brink of a financial disaster that led to public disgust of Washington politicians. Photo John Labbe/The…

Do you think that American legislators are hindered by partisan politics? Take a historical trip back to 1842 when the country was on the brink of a financial disaster that led to public disgust of Washington politicians. Photo John Labbe/The…

While Congressional leaders attempt to find a solution to upcoming sequester, Making Sense contributor Larry Kotlikoff says that the United States has bigger financial problems to solve, including ones that could affect generations to come. Photo by Dave Reede/Getty Images.