The House and Senate Budget Committees passed proposed budgets last week but infighting over defense spending has left Republican leaders scrambling to solidify support for the plans. Both budgets promise to reduce and eventually end deficits over the next decade…
Deficits would total $6 trillion over the next 10 years under President Obama’s proposed Fiscal 2016 budget, according to the Congressional Budget Office. While still troubling, that would be $1.2 trillion lower than CBO’s recently updated projections under current law.…
In less than three months, the highway bill enacted last July will expire and the program’s trust fund will face imminent depletion. (more…)
The New Democrat Coalition -- 46 House members who describe themselves as the "pro-growth, fiscally responsible wing of the Democratic Party" -- announced a new platform last week designed to strengthen the role of moderates in Congress. The platform, dubbed…