#Budget Process

The new congressional “super committee” meets today amid growing pressure from various quarters to look for ways to encourage economic growth while aiming well beyond its assigned goal of $1.5 trillion in deficit reduction.Washington’s debt limit law this summer created…

Speculation continues over whether congressional Democrats and Republicans might be able to reach some sort of agreement on tax reform this fall. In her most recent column in Tax Notes, Concord Chief Economist Diane Lim Rogers reviews some of the…

After Republicans and Democrats on the new super committee held separate discussions last week, the co-chairs announced that the full panel would hold its first meeting this Thursday. It is expected to focus on organizational issues and opening statements from…

The administration has lowered its deficit projections from last February but cautions that further action is needed to invigorate the economy in the short term and hold down deficits in the long run.Jack Lew, director of the Office of Management…

Although the new congressional super committee has not yet met, its co-chairs say panel members are busy “reviewing the deficit reduction work that many others have engaged in over the past several years.”The committee’s leaders, Sen. Patty Murray (D-Wash.) and…

New projections from the Congressional Budget Office show a potential path to significantly reduce federal deficits over the next decade. But it would require elected officials to either stick to current law or find ways to offset any deviation from…

Congressional leaders last week appointed the joint committee charged with finding most of the savings promised in the recent deal to raise the debt limit.Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Tex.) will chair the new panel, widely referred…

In this debt-limit game of musical chairs, the music has stopped and it’s time to grab a seat. The only one available is the deal worked out by congressional leaders and the Obama administration over the weekend. It is not…