Congress Archives - Page 44 of 54

Blogs

CBO Director Offers Budget 101

Mar 8, 2011

Congressional Budget Office Director Douglas Elmendorf laid out four simple observations about the federal budget in a recent presentation to the National Association for Business Economics.First, on the government’s current path the gap between spending and revenues would persist even…

Blogs

Shutdown Avoided As Budget Talks Continue

Mar 7, 2011

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…

Blogs

Delay on Debt Limit Could Be Costly

Feb 28, 2011

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…

Blogs

House Passes Cuts as Shutdown Worries Grow

Feb 22, 2011

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…

Blogs

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…

Blogs

Sunset Bill Could Fight Inefficiency

Feb 15, 2011

Representatives Jim Cooper (D-TN), Aaron Schock (R-IL), Mike Quigley (D-IL) and Joe Walsh (R-IL) have introduced legislation (H.R. 606) creating a sunset commission to help eliminate duplicative, unnecessary or inefficient federal programs.The bipartisan commission would provide Congress with recommendations for…

Blogs

Senators Weigh Tax Reform

Feb 8, 2011

In hearings last week, the Senate Budget Committee considered ways to put the country on a fiscally sustainable path without harming the economic recovery.Fortunately, tax reform was a key part of the discussion. Committee Chairman Kent Conrad (D-ND) stressed that…

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…

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…

Blogs

State of Union Lacked Plan of Attack on Deficits

Feb 1, 2011

President Obama’s State of the Union address raised questions about his willingness to take the lead in focusing public attention on the heavy sacrifices that will be required to rein in future deficits.While he talked about the importance of fiscal…

Blogs

Time to Clean Up the Tax Code Mess

Jan 25, 2011

Lawmakers in both parties promised to work together to revamp the tax code as the House Ways and Means Committee last week held a hearing on the subject. Several recent panels, including the President’s fiscal commission, have suggested that tax…

Blogs

All of the Budget Should Be Scrutinized

Jan 25, 2011

Members of the Republican Study Committee and the Senate Steering Committee have proposed legislation to cut $2.5 trillion in spending over 10 years -- cuts that go beyond those proposed by House Republican leaders or President Obama.Non-security discretionary spending (which…

#Congress

CBO Director Offers Budget 101

Shutdown Avoided As Budget Talks Continue

Delay on Debt Limit Could Be Costly

House Passes Cuts as Shutdown Worries Grow

President Hits the Pause Button

Sunset Bill Could Fight Inefficiency

Senators Weigh Tax Reform

Proposed Cuts Fall Short of Promises

Biennial Budgeting: A Step in the Right Direction

State of Union Lacked Plan of Attack on Deficits

Time to Clean Up the Tax Code Mess

All of the Budget Should Be Scrutinized

Join Us

Stand with us to demand lawmakers stop adding to our unsustainable debt.

You are leaving The Concord Coalition.

You are leaving Concord Action.