Blogs

According to the White House, President Biden will unveil his FY 2023 budget on Monday, March 28. The proposal is expected to be a traditional budget, meaning it will include detailed supplemental information such as the economic projections that…

One of the most memorable lines in cinema comes from the 1975 Steven Spielberg film, “Jaws,” where after a brief but terrifyingly close encounter with the razor-sharp teeth of the eponymous mega-shark, a visibly shaken Sheriff Brody turns to…

If you blinked this week, you probably missed that the total federal debt reached $30 trillion—an historic high. Like aging Americans who bemoan birthdays ending in zero (30, 40, 50, …), this occasion marked the crossing of an important, albeit…

By any measure, this has been an eventful year on the budget front. As 2021 draws to a close, however, it is apparent that much of 2022 will be devoted to a substantial agenda of unfinished business left over from…

In a last minute dash to avoid a funding lapse that could shutter federal offices, on Thursday night Congress sent to President Biden a continuing resolution (CR) that would temporarily fund the government at FY 2021 levels for 11…

After a weeks-long intraparty stalemate, House Democrats are on the precipice of advancing President Biden’s Build Back Better Act (BBBA, H.R.5376) and sending it to the Senate. The last obstacle…

The Biden Administration released this week a revised Build Back Better framework (BBBF) that reflects the president’s negotiations with Senators Joe Manchin (D-WV), Krysten Sinema (D-AZ), and Bernie Sanders (D-VT). Although significantly scaled back from the initial $3.5 trillion target,…

Real GDP data released this week by the Bureau of Economic Analysis (BEA) showed that the nascent economic recovery that began with the COVID vaccine rollout this spring faltered in late summer as the rampant spread of the delta variant…