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#Budget Process

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President Hits the Pause Button

Feb 22, 2011
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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Blogs

House Struggles With Cuts

Feb 15, 2011
Today the House was expected to begin debating a continuing resolution (CR) to fund federal agencies for the remainder of the fiscal year. Most federal agencies are currently being funded at 2010 levels under a CR that expires March 4.The…
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New Budget Falls Short on Tax and Entitlement Reforms

Feb 15, 2011
On Monday President Obama unveiled a proposed budget for Fiscal 2012 that failed to aggressively follow up on the recommendations of his bipartisan fiscal commission for sweeping tax and entitlement reforms.The President’s budget does make some tough choices on domestic…
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Blogs

Proposed Cuts Fall Short of Promises

Feb 8, 2011
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…
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Blogs

Biennial Budgeting: A Step in the Right Direction

Feb 1, 2011
Senators Jeanne Shaheen (D-NH) and Johnny Isakson (R-GA) have introduced legislation to convert the annual budget and appropriations process into a two-year cycle. Under the Biennial Budget Appropriations Act (S. 211), the first year of the process would be dedicated…
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Reminder: Fiscal Commission’s Plan Was a Package Deal

Jan 18, 2011
Proposals from President Obama’s fiscal commission and other bipartisan panels that issued reports last year are drawing renewed attention as the new Congress gets to work.Rep. Kevin Brady (R-Texas), for example, has introduced a bill that would cut federal spending…
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Blogs

PAYGO Loopholes Add Hundreds of Billions to Deficit

Jan 18, 2011
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…
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Blogs

New House Rules Will Clear Path for New Deficits

Jan 11, 2011
Last week the House adopted budget enforcement rules that restrict spending but exempt tax cuts. Included are rules that weaken PAYGO by excluding revenues, allow reconciliation to be used for deficit-financed tax cuts, permit the chairman of the Budget Committee…
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Blogs

How Not To Do a Budget

Dec 21, 2010
This week Congress is expected to act on a continuing resolution (CR) that will fund most federal agencies at last year's levels through March 4. Action is necessary because neither the $1.09 trillion full-year CR passed by the House nor…
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Blogs

With No Appropriations Bills Done, House Passes Full-Year Continuing Resolution

Dec 14, 2010
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…
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Blogs

Kicking the Budget Can Farther Down the Road

Dec 7, 2010
To allow federal agencies to continue operating through Dec. 18, Congress last week approved another continuing resolution. The House approved the measure 239-178 and the Senate gave it unanimous consent. President Obama signed it into law on Saturday.A new continuing…
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Blogs

Continuing Drama on the Continuing Resolution

Nov 29, 2010
This week the House and Senate are expected to act on a new continuing resolution to prevent a government shutdown. The current resolution expires on Friday, and unfortunately Congress has yet to enact a single one of the twelve appropriations…
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