FY 2014 Budget

Notable Amendments to the Senate-Passed Budget

As the Senate worked on its FY 2014 budget resolution, which passed by a 50-49 vote late last week, hundreds of amendments were filed in a process commonly referred to as “vote-a-rama.” Most of the amendments that actually received a vote were largely symbolic, establishing non-binding “deficit-neutral reserve funds” to make it procedurally easier for Congress to make changes in the future.

Comparing the Budgets on Spending, Revenue, Deficits, and Debt

Update: This blog has been updated since its original posting to incorporate the House Democratic, Republican Study Commitee, and Senator Rand Paul (R-KY) budgets.

Fill in the Blanks: The Unspecified Parts of the Budget Resolutions

Continuing in our analysis of the FY 2014 budget resolutions, we will be discussing the things in the budgets that the authors didn't tell you. There were a lot of specifics in these plans that were left up to committees to figure out or for policymakers to work out down the road. Doing so is not really a gimmick, since budget resolutions cannot enact any actual policies; rather, they create processes or parameters within which Congress works.

Budgets Agree on One Thing: Putting Debt on a Downward Path

Although the budget resolutions out now take a variety of paths to deficit reduction, we've noticed something that all have in common: they all succeed in putting debt on a downward path as a share of the economy.

Republican Study Committee Adds to the Alternative Budgets

Yesterday, the House Republican Study Committee (RSC) released its "Back to Basics" budget, which aims to balance the budget in four years instead of ten years as the Ryan budget seeks to accomplish. It reaches a surplus of $22 billion in 2017 and has a ten-year surplus of $33 billion.

Van Hollen Releases House Democrats' Alternative Budget

Rep. Chris Van Hollen (D-MD), Ranking Member of the House Budget Committee, has released an alternative budget on behalf of House Democrats, "Jobs, Growth, and a Stronger Future." His budget succeeds in putting debt on a slight downward path with $1.8 trillion of savings compared to current law, or $2.3 trillion compared to the CRFB Realistic baseline.

Two Alternative Budgets from the Congressional Black Caucus and Progressive Caucus

Update: This post has been updated to incorporate new numbers for the Congressional Black Caucus budget.

Spending and Revenue in the Murray Budget

Yesterday, we presented an overview of the Murray budget, describing the policies of the budget and showing savings relative to different baselines. In this blog, we will look closer at where the budget resolution would leave the federal government in terms of its size and the size of its deficits and debt.

The Ryan and Murray Plans Side-by-Side

Trying to determine the actual level of savings in budget proposals can be confusing, as there is no single agreed-upon set of baseline assumptions to follow. Both Congressman Ryan (R-WI) and Senator Murray (D-WA) use their own baselines from which to measure savings, which differ in a couple ways from current law or CRFB Realistic.

Senator Murray Releases FY 2014 Budget

After seeing Congressman Paul Ryan's (R-WI) budget yesterday, now we know the approach favored by the Senate Democrats. Senate Budget Chair Patty Murray (D-WA) has just released her FY 2014 budget, "Restoring the Promise of American Opportunity," outlining a package with a mix of spending cuts and revenue increases through tax expenditure reductions.

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