Senate
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Election Analysis from a Fiscal Perspective
The fiscal implications of Tuesday’s election are enormous. With pressure to improve the economy continuing to mount, the 112th Congress will arrive...
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Congress’s To Do List: OMG
With the mid-term election behind us, the current Congress still has work to do. Lawmakers may address a huge number of issues when they return in two...
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57 Members of Congress Support Defense Cuts
Yesterday, 57 members of Congress sent a letter to the President’s Fiscal Commission advising the commission to put the defense budget under the...
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Wyden Calls for Tax Reform Before Tax Cut Debate
The Hill reports that Senator Ron Wyden (D-OR) urged fellow lawmakers this week at a tax policy conference to focus on fundamental tax reform instead...
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CBO Finds Tax Cuts Are Bad for the Economy
In testimony before the Senate Budget Committee last week, CBO Director Douglas Elmendorf quantified the impacts that extending some or all of the...
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CRFB Event: It's Time to Get Specific
With the fiscal debt clock ticking, the Committee for a Responsible Federal Budget yesterday brought together members of Congress and other fiscal...
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Appropriations Update: Senate Poised to Pass CR
Update 09-30-10: The Senate passed the CR last night on a 69-30 vote. The House soon followed with a successful 228-194 vote. An amendment from...
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Lew: 'We Must Put Our Nation Back on a Sustainable Fiscal Course'
Yesterday, the Senate Budget Committee held a hearing on Jacob Lew’s nomination as the new head of the Office of Management and Budget, where he...
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Small Business Aid Bill Close to Enactment
UPDATE: The Senate passed the small business package on Thursday 9/16, and the House is expected to pass the legislation early next week. The Senate...
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‘Line’ Items: Football Edition
Kick-off Time – Football season got underway this weekend, and the final legislative drive before the mid-term elections also commences this week. The...
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Appropriations Update: Senate Heading Toward Cutting More
The Senate appears headed toward cutting discretionary spending even below the level called for by Senate appropriators. Senate Majority Leader Harry...
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Finally, Deficit Neutral Stimulus
Finally, the Senate got it right: we have a deficit-neutral stimulus. In fact, the bill would even slightly reduce deficits by $1.4 billion over the...