Budget Process
Latest
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Yes, Tax Cuts Increase the Debt
With Congress set to retroactively revive the tax extenders for the past year at a cost of $42 billion, our president, Maya MacGuineas, published a...
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Tax Extenders Deal Violates the Budget Act, Adds to Debt
The House approved last night a deficit-increasing one-year tax extenders package. After a correction by the Joint Committee on Taxation, the updated...
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The Worst Lame Duck Ideas That Can Add $1.5 Trillion to the Debt
Policymakers are considering using the lame duck session to substantially worsen the nation's budget. A commonly discussed package would add...
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Senate Switch Could Boost Chances for Dynamic Scoring
If Republicans win a majority in the U.S. Senate this November, they may push to have the Congressional Budget Office (CBO) and the Joint Committee on...
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A New Approach to Federal Lending Program Accounting
A new paper by Donald Marron of the Urban Institute brings a new idea to the table in the debate over accounting methods for federal lending programs...
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Is Fair-Value Accounting Fairer?
Few topics elicit more yawns than a deep dive into accounting standards. Yet, there may be good reasons to grab a cup of coffee and pay attention to...
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The Story of Supplementals Since 2000
The use of supplemental appropriations got some press last month as the Obama Administration requested $4.3 billion to address the Central American...
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Budget Act at 40: BPC Hosts Panel Discussion
The Bipartisan Policy Center held an event Tuesday commemorating the 40th anniversary of the Congressional Budget Act, which became law on July 12...
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Kent Conrad and Judd Gregg: The Two Budgeteers: All for One in Effort to Update Budget Act
Kent Conrad, a former Democratic senator from North Dakota, and Judd Gregg, a former Republican senator from New Hampshire, are both former chairmen...
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CRFB Examines the Budget Process At Age 40
Yesterday, the Commmittee for a Responsible Federal Budget released a paper detailing the problems with the federal budget process. In light of the...