Information released so far on the President’s proposed budget for Fiscal 2015 provides a mixed picture on fiscal reform.The administration has unfortunately dropped an earlier plan to save money by switching to a more accurate measure of inflation, but it…
As we await the full release of the President’s Fiscal Year 2015 Budget, some important specifics have been slowly made public. It looks like this budget, as is usually the case, will contain a mixture of sensible reforms and politically…
The House Budget Committee last week approved a bill on a bipartisan 22-10 vote that would switch the annual congressional budget process to a biennial (two-year) cycle.The legislation, introduced by Rep. Reid Ribble (R-Wisc.), a committee member, has attracted 100…
As the Treasury resorts to “extraordinary measures” to avoid defaulting on some financial obligations, Congress has continued to struggle with the necessary but embarrassing task of raising the federal debt limit.Today the House finally took action, narrowly passing a year-long…
