Using authority provided by a new House rule, House Budget Committee Chairman Paul Ryan (R-WI) announced last week that this fiscal year's allocation to the House Appropriations Committee would be $1.055 trillion, a cut of $35 billion below the FY…
An OMB report concludes that exemptions in the PAYGO law have been used for legislation adding hundreds of billions of dollars to the deficit. PAYGO generally requires legislation affecting direct spending or revenues to be offset, though last year's law…
Last week the House voted 212-206 to pass a continuing resolution to fund federal agencies for the rest of the fiscal year. According to the Appropriations Committee, the $1.1 trillion bill freezes discretionary spending at the FY 2010 level and…
The Senate has finally approved President Obama's nomination of Jack Lew to head the Office of Management and Budget. Sen. Mary Landrieu had held up the nomination since September because she objected to administration policies on oil and gas drilling.Having…