Budget Process
Latest
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Statement on $2.5 Trillion Debt Ceiling Increase
Today, President Biden signed into law a $2.5 trillion increase in the ceiling on federal debt. This increase will raise the total debt ceiling to $31...
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December Sequester Suspension Misses the Mark
For Immediate Release Congress is considering legislation that will cancel the PAYGO sequester for 2022, extend temporary COVID-era Medicare payment...
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Congress' December Challenges Can't Wait
For Immediate Release As lawmakers continue to debate the Build Back Better reconciliation bill, they have a number of pressing deadlines and policy...
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No Score, No Vote
For Immediate Release The House apparently intends to vote on the latest version of the Build Back Better Act as soon as this week, despite that fact...
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Congress Should Reject the Extenders Approach to Build Back Better
For Immediate Release According to news reports, the White House is floating a new framework for its Build Back Better reconciliation package that...
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Reconciliation Requires Tradeoffs, Not Gimmicks
For Immediate Release Policymakers are reportedly seeking to shrink the “Build Back Better” reconciliation plan from a proposed $3.5 trillion to...
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FY 2022 Reconciliation Tracker
Last Updated: 12/20/2021 Budget reconciliation is underway ( read more about the full process here), with House and Senate lawmakers crafting a...
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No Score, No Vote: House Should Not Vote on Reconciliation Without a Score
For Immediate Release Speaker Nancy Pelosi (D-CA) recently called for the House of Representatives to pass its reconciliation bill, the Build Back...
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Q&A: Everything You Should Know About Government Shutdowns
This paper has been updated here. The new fiscal year (FY) will begin on October 1, 2021, and Congress has so far enacted none of the 12...
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Prevent Government Shutdowns Act of 2021 Introduced in the Senate
Recently, Senators James Lankford (R-OK) and Maggie Hassan (D-NH) introduced the Prevent Government Shutdowns Act of 2021 (PGSA). The bill would...
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Responsibly Raising the Debt Limit
Yesterday, Treasury Secretary Janet Yellen warned Congress that the Treasury is likely to run out of extraordinary measures in October. Without action...
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Reconciliation 101
What is reconciliation? How do reconciliation instructions work? Can a reconciliation bill add to the budget deficit? What is the “Byrd Rule”? What...