If President Obama was looking for Congress to rubber-stamp his request for additional “emergency” funding for military operations in Iraq and Afghanistan this year, he was sorely disappointed. He asked for the money last February but a wary Congress didn’t…
Despite important political and economic ties, Britain and the United States are pursuing very different policies to deal with the tremendous fiscal challenges they face. Prime Minister David Cameron, who visited the U.S. last week, hopes to cut Britain’s budget…
In recent weeks the congressional Appropriations Committees made considerable progress on bills for the coming fiscal year. But the limited number of legislative days left and an increasingly partisan atmosphere have led to speculation that few of the bills will…
Last week President Obama nominated Jacob “Jack” Lew to be the new head of the Office of Management and Budget (OMB), replacing Peter Orszag, who is stepping down at the end of July. OMB is primarily responsible for developing the…