Last week the House Budget Committee approved the Expedited Legislative Line-Item Veto and Rescissions Act of 2011. Sponsored by Chairman Paul Ryan (R-Wis.) and Ranking Member Chris Van Hollen (D-Md.), the legislation creates an expedited process for Congress to act…
The House today registered its disapproval of a bill that won strong bipartisan support in the Senate to extend long-term unemployment benefits and a Social Security payroll tax cut. The Senate legislation would continue the tax cut and unemployment benefits…
The federal government might escape some of its widely anticipated fiscal problems over the next few years, but only if it follows the budget path laid out in current law. At a forum last Friday Mark Zandi, chief economist for…
Senate Democrats have released a revised plan to extend and expand a temporary cut in the Social Security payroll tax after competing proposals on the issue from the two parties both failed in the Senate last week. The Democrats want…