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Nov 12, 2021
After a weeks-long intraparty stalemate, House Democrats are on the precipice of advancing President Biden’s Build Back Better Act (BBBA, H.R.5376) and sending it to the Senate. The last obstacle…


Democrats in Washington are working furiously to put the finishing touches on the President’s Build Back Better (BBB) social safety net spending bill. Trying to shoehorn their legislative priorities into the fiscal parameters of the measure while nodding to…


The Biden Administration released this week a revised Build Back Better framework (BBBF) that reflects the president’s negotiations with Senators Joe Manchin (D-WV), Krysten Sinema (D-AZ), and Bernie Sanders (D-VT). Although significantly scaled back from the initial $3.5 trillion target,…


Oct 14, 2021
This week the nonpartisan Congressional Budget Office (CBO) published its final monthly budget review for FY 2021. While the Treasury Department will publish the official numbers in its next Monthly Report, CBO’s end-of-year report provides an accurate preview of…


With pressure mounting to avoid a default on federal government obligations, Senate leaders Republican Mitch McConnell and Democrat Chuck Schumer, agreed to a temporary compromise: Republicans agreed not to filibuster legislation addressing the debt limit and Democrats agreed to…


As Democrats in Congress continue to meet with President Biden to determine the ultimate size and scope of their social spending plan, it’s worth taking a minute to step back and consider the monumental dilemma they face – they have…


Earlier this week, Treasury Secretary Janet Yellen sent her fourth letter to Congress, urging lawmakers “to protect the full faith and credit of the United States by acting [on the debt limit] as soon as possible.” This time, she…


For several months, Republicans and Democrats in Washington, DC have been barreling towards each other on a collision course over a pair of looming fiscal deadlines. First, Congress must prevent a government shutdown by passing a temporary stopgap funding measure,…


Despite a pending government shutdown and looming debt default, this week federal lawmakers in Washington were hyper-focused on the House reconciliation legislation, the second installment of President Biden’s Build Back Better agenda. Although the legislation is far from finished,…


The United States Armed Forces uses an alert system called the “defense readiness condition” (DEFCON) to describe different levels of readiness, or states of alert, for military personnel. It increases in severity from DEFCON 5 (least severe) to DEFCON…


Aug 27, 2021
Budget Breakthrough After moving at a breakneck pace and holding a special session, the House and Senate passed an FY 2022 budget resolution on Tuesday, setting the table for the annual appropriations process. It also jumpstarts reconciliation, the strategic…


Aug 20, 2021
"Democrats announced in early July that the progressive and moderate wings of the party had agreed to a top line spending level of $3.5 trillion for the upcoming reconciliation bill. They also promised to pay for most, if not…

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