The 2011 budget process finally came to a close last week when President Obama signed legislation funding the government for the remainder of the fiscal year. According to the Congressional Budget Office, the $1.05 trillion in non-emergency spending in the…
Here is a trivia question: Under which scenario would Social Security, Medicare and Medicaid make up the larger share of non-interest (i.e. “primary”) federal government spending?A. President Obama’s budgetB. Rep. Paul Ryan’s budget (House Budget Committee)The answer is B.Under Ryan’s…
President Obama on Wednesday will propose a broad plan to reduce significantly deficits in the coming years, according to the White House.This is a promising indication that the President will become more focused on the most serious long-term fiscal challenges…
With the continuing resolution (CR) that currently funds government agencies set to expire on Friday, policymakers will need to reach agreement this week on a new resolution to avoid a government shutdown.Yesterday Republicans on the House Appropriations Committee proposed yet…