When the dust settled after the debt limit deal in early June, many budget watchers heaved a sigh of relief for two reasons: (1) President Biden and Speaker of the House Kevin McCarthy (R-CA) managed to broker a deal that…
Members of Congress have many responsibilities but their most essential task each year is to complete the 12 discretionary appropriations bills that fund the federal government for the upcoming fiscal year. Budget law requires lawmakers to finish this work before…
The debt limit crisis is behind us for now, but the budget deficit is decidedly heading in the wrong direction. Last week, the Congressional Budget Office (CBO) reported in its May Monthly Budget Review that over the first eight months…
Baseball season is underway, but the most consequential pickle play of the season won’t take place at Fenway, Wrigley or any other storied diamond. Rather, the major league action is underway right now (in slow motion) at the Federal Reserve. …