Over the next few weeks, we will hear a lot about "emergency spending" as Congress turns to a major supplemental spending bill that will likely include funding for the war effort and other priorities. Supplemental appropriations bills provide funding in addition…
President Obama handed his bipartisan fiscal commission two very ambitious assignments: Find ways to balance the budget excluding interest payments by 2015 and to “meaningfully improve” the long-term fiscal outlook. (more…)
The Senate Budget Committee has approved a budget resolution that calls for deficits to be reduced $671 billion below the levels in the President’s budget over five years. The resolution envisions that deficits will be reduced to 3% of GDP…
One of the first post-recess priorities for the Appropriations Committees in Congress will likely be considering legislation for “supplemental” spending in the current fiscal year. Supplemental spending bills are usually considered each spring and are intended to provide funding for…
