Budget Process
Latest
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Line Items: Extenders Debate Ends; Appropriations Season Begins
Extenders Put on Hold – Legislation to extend some tax breaks and expanded unemployment insurance has been put on the back burner because senators...
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Appropriations: A Train Wreck? No, Worse
Even in best years the congressional appropriations process usually results in a proverbial train wreck. And this year is shaping up to be such a bad...
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Steny Hoyer on Everything Fiscal
In remarks at the think tank Third Way, House Majority Leader Steny Hoyer covered the bases in talking about our deficits and debt. Among the topics...
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What's An Emergency?
The statutory PAYGO law left a gaping hole for spending designated as an emergency. Since the designation has no formal definition, it can technically...
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‘Line’ Items: Summer Arrives Edition
Summertime, but the Living Isn’t Easy in Congress – Today brings the first official day of summer, but Washington has already been experiencing...
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The Debt Buy-Down Act
Senator John McCain has introduced the Debt Buy-Down Act of 2010. A variation of this bill has been introduced in several previous Congresses (102nd...
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Default in 2011?
Bruce Bartlett posits an interesting scenario for when debt default could occur in the US: next year. Before the panic sets in, we should clarify. He...
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‘Line’ Items: World Cup Edition
“Beautiful Game”and Not-So-Pretty Agenda – Add soccer to all the other distractions in Washington as lawmakers face a packed agenda. With the World...
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The Swiss Version of a Balanced Budget Amendment
As part of a celebration of Albert Gallatin's upcoming 250th birthday the Swiss Embassy held a panel discussing the Swiss federal government's "debt...
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Improving the Budget Situation
The Administration is taking important steps in improving the budget situation: The proposed 3-year spending freeze of non-security discretionary...
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Oil in the Gulf Isn’t the Only Threat That Needs to Be Capped
Lawmakers have railed against the inability to stop the leaking of oil into the Gulf of Mexico, yet they are having no better success in staunching...
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We Couldn't Agree More
Washington Post Editorial: Economic stimulus plans ought to specify how the borrowed money gets repaid