investment

This Congress is certainly not going to be remembered for its ability to get things done. But when it comes to the issue of Pay for Success (PFS) and Social Impact Bonds, this summer has already produced a flurry of subtle actions, culminating with the prospect of major PFS legislation in the fall.

We reported last week on the youth-related figures in the 2014 spending agreement. The bill careened through both houses and onto the desk of a pen-in-hand President Obama for his signature.