As presidential candidates largely ignore the issue, looming fiscal challenges threaten to swamp the U.S. economy and erode America's superpower status, several of the nation's foremost experts on the federal budget warned Wednesday.
"We have been diagnosed with fiscal cancer," said David Walker, the nation's comptroller general, or chief auditor, testifying before the Senate Budget Committee.
The committee called the hearing to spotlight legislation that would create a bipartisan panel charged with recommending how to tackle promised spending on federal retirement programs… more
