Budgets & Projections
Latest
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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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Peter's Leaving
The choice of who will replace Peter Orszag at OMB is a critical one. We were thrilled when President Obama chose Orszag, Summers, and Geithner, to be...
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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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OMB Keeps Chipping Away
We reported last week many times on efforts by the Obama Administration to save small chunks of change (see here, here, and here.) But they're not...
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Another Savings Idea, Brought to You by the White House
The Obama Administration has been putting out a flurry (see here and here) of modest savings proposals over the past few weeks. The latest comes in a...
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CBO Issues Its Monthly Report on the Deficit, Outlays, and Revenues
The Congressional Budget Office (CBO) issued its Monthly Review late last week (and today, the Treasury released its Monthly Statement for May). CBO...
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More News on the Spending Front!
The Obama Administration is looking at spending once again. A day after the White House announced a plan to encourage savings by executive agencies...
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‘Line’ Items: Pitching, Polls, and the New Charity of Choice
Making the Pitch – With much of Washington eagerly anticipating the debut of Stephen Strasburg on the mound tomorrow, the return of Congress this week...
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Deficits, GDP, and Automatic Stabilizers
According to a new CBO report, automatic stabilizers added about $282 billion to the federal deficit last year and are projected to add $351 billion...
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Wolf Airs Concerns on Fiscal Commission
In a publicly released letter to the co-chairs of President Obama’s fiscal commission, Rep. Frank Wolf (R-VA) warned of the “deep and downward slide”...
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‘Line’ Items: Recess and Rescissions
Lots of Assignments Due After Recess – Lawmakers are home this week for the Memorial Day recess. When they come back next week they will have a lot of...
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CBO Estimates the Effects of the Stimulus
CBO recently put out its quarterly estimate of the macroeconomic effects of the American Recovery and Reinvestment Act of 2009 (ARRA). They found that...