#Budget Process

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As the political squabbling has continued over proposed cuts in a small part of the federal budget, dozens of fiscal, economic experts and business leaders renewed calls for President Obama and Congress to begin serious talks aimed at developing a…


House Budget Committee Chairman Paul Ryan today released a budget plan that promises to cut projected deficits by more than $1.6 trillion over the coming decade. While this is a serious and commendable effort, the plan’s policy mix is unlikely…


Budget-watchers in Washington are interested to see how Republican Paul Ryan, chairman of the House Budget Committee, will write a budget to achieve the sometimes conflicting aims of his conference.Republicans say voter anger over deficits last fall helped them take…


Budget-watchers in Washington are quite interested in how Republican Paul Ryan, chairman of the House Budget Committee, will write a budget that will achieve the numerous and sometimes conflicting aims of his conference. (more…)


Alice Rivlin of the Brookings Institution focused on the importance of Medicare reform in testimony to both the Senate and House budget committees last week, suggesting that the program should shift to a "premium support" model beginning in 2018.Under such…


With unsustainable deficits projected over the coming decade, President Obama and the House of Representatives should embrace a call from 64 senators of both parties to “engage in a broader discussion about a comprehensive deficit reduction package.”The need for such…


The same deficit fundamentals that have stymied Democratic lawmakers and President Obama now confront House Republicans. Their new chairman of the Budget Committee, Paul Ryan, faces a difficult job in producing a budget resolution that dramatically improves the deficit picture…


Congress averted a government shutdown last week by passing a new continuing resolution (CR) that funds agencies through March 18. President Obama signed the resolution into law on Wednesday.Concerns about a shutdown had increased when the House originally passed a…


The Government Accountability Office (GAO) warns in a new report that delay in raising the debt limit could negatively impact markets and borrowing costs.The debt limit does not constrain the ability of the government to run deficits, but its ability…


Appropriations are on the agenda this week as Congress returns from the Presidents' Day recess. With the continuing resolution (CR) that is currently funding government agencies set to expire on Friday, a government shutdown will occur unless a new CR…


A government shutdown became more likely last week as the House passed a new continuing resolution (CR) opposed by President Obama and Senate Democrats. In a process that lasted most of the week, nearly 600 amendments were offered during over…


President Obama’s proposed budget for Fiscal 2012 is oddly complacent for a situation that requires anything but complacency. It would, at best, temporarily stabilize federal deficits and debt (as a percentage of GDP) later in the decade at roughly twice…

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