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This week Congress is expected to act on a continuing resolution (CR) that will fund most federal agencies at last year's levels through March 4. Action is necessary because neither the $1.09 trillion full-year CR passed by the House nor…


The legal term severable normally gets little notice outside the world of constitutional law -- yet now it has become a big buzzword amongst health care analysts and federal budget wonks. The reason has to do with the numerous legal challenges to the Accountable Care Act's individual mandate to purchase…


Congress has approved a one-year extension of Medicare payment rates for physicians, avoiding steep cuts that would otherwise have taken effect. Rather than finding a better long-term alternative to the current payment formula, lawmakers have repeatedly used stop-gap measures to…


Last week the House voted 212-206 to pass a continuing resolution to fund federal agencies for the rest of the fiscal year. According to the Appropriations Committee, the $1.1 trillion bill freezes discretionary spending at the FY 2010 level and…


Deficit hawks have long warned that unnecessary delays in deficit reduction carry risks and high costs that will only make the job harder down the road. A new study by the Congressional Budget Office (CBO) underscores that point. It analyzes…


The Congressional Budget Office (CBO) now projects that the cost of the Troubled Asset Relief Program (TARP) will be significantly lower than previous estimates. Congress passed TARP in October 2008 to permit the Treasury Department to purchase or insure "troubled…


To allow federal agencies to continue operating through Dec. 18, Congress last week approved another continuing resolution. The House approved the measure 239-178 and the Senate gave it unanimous consent. President Obama signed it into law on Saturday.A new continuing…


Some people on both ends of the political spectrum have criticized the recommendations of the President’s fiscal commission as well as other bipartisan deficit-reduction plans such as the one recently unveiled by the Bipartisan Policy Center's Debt Reduction Task Force.…


A bipartisan majority on the President's fiscal commission has surprised skeptics and pleased deficit hawks by supporting a credible, comprehensive plan to reduce federal deficits and repair the big entitlement programs.The plan would cut the deficit to 2.3 percent of…


On Monday President Obama announced a “framework for a bipartisan agreement” on extending the Bush tax cuts for two years, extending unemployment benefits for 13 months, and reducing the Social Security payroll tax for a year.The Concord Coalition said today…


By now we've seen a number of proposals for fiscal sustainability from groups with very different perspectives. (more…)


This week the House and Senate are expected to act on a new continuing resolution to prevent a government shutdown. The current resolution expires on Friday, and unfortunately Congress has yet to enact a single one of the twelve appropriations…

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