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The new congressional committee on deficit reduction continues its work this week amid concerns that some elected officials have tried to narrow its options.In a recent guest column in the Ames Tribune in Iowa, Concord Coalition officials lament that both…

This afternoon the House is scheduled to consider a continuing resolution (CR) to fund the government through Nov. 18 at the $1.043 trillion level included in the debt limit law. The government is currently operating under a short-term continuing resolution…

Last week the House Ways and Means Committee held a hearing on “dynamic scoring,” a controversial alternative method for estimating how tax legislation will affect government revenue over the long term.Dynamic scoring adjusts revenue estimates to account for the effects…

Members of the new congressional committee on deficit reduction are showing considerable interest in the idea of revamping the tax code. At a public hearing last Thursday, however, lawmakers on the panel expressed differing views over what changes should be…

The “dynamic scoring” debate is back again. (more…)

On Capitol Hill this week, attention is turning to a continuing resolution (CR). Because Congress will not complete the appropriations process before the fiscal year ends Sept. 30, a CR is necessary to prevent a government shutdown.House Appropriations Committee Chairman…

In a new report, the Congressional Budget Office (CBO) has estimated the automatic spending cuts that would occur if the super committee is unsuccessful. The committee has the goal of reducing the deficit by at least $1.5 trillion over ten…

President Obama offered his deficit-reduction recommendations to the congressional super committee on Monday, urging the panel to find both spending cuts and additional tax revenue to far exceed its assigned goal.Obama put Medicare and Medicaid on the negotiating table, giving…