This week the appropriations process for Fiscal Year 2012 is expected to be completed when President Obama signs a $915 billion omnibus appropriations bill into law. Since the fiscal year began Oct. 1, several federal agencies had been funded through…
Last week, House Budget Committee Chairman Paul Ryan and other committee Republicans introduced several bills proposing changes to the federal budget process. The legislation includes measures to restrict spending and change the annual process, but does not significantly address revenues.…
If Congress were to simply follow the budget path laid out in current law, the federal government might escape some of its widely anticipated fiscal problems over the next few years. But that is a big “if,” as became clear…
Last December a bipartisan majority of President Obama’s National Commission on Fiscal Responsibility and Reform surprised skeptics with a comprehensive plan that called for shared sacrifices to reduce projected deficits over the coming decade by $4 trillion. Unfortunately, elected officials have…
