#Federal Budget

House and Senate Republicans this week are unveiling separate budget plans for Fiscal 2016, emphasizing the need for deficit reduction but also showing some differences that could complicate this year’s appropriations work. The House plan, released Tuesday, calls for $5.6…

Deficits would total $6 trillion over the next 10 years under President Obama’s proposed Fiscal 2016 budget, according to the Congressional Budget Office. While still troubling, that would be $1.2 trillion lower than CBO’s recently updated projections under current law.…

WASHINGTON -- The Concord Coalition today welcomed the proposed House budget resolution for its goal of reining in future deficits but cautioned against assumptions of reduced spending that are vague and unrealistic, and against revenue projections that are at odds…

In less than three months, the highway bill enacted last July will expire and the program’s trust fund will face imminent depletion. (more…)

The House will reportedly vote soon on legislation that would fund the Homeland Security Department for the rest of Fiscal 2015 without reversing President Obama’s immigration policies. While this development angered some conservatives, House approval would presumably break the logjam…

Keith Hall, who served as chief economist for President George W. Bush’s Council of Economic Advisers, will become director of the Congressional Budget Office (CBO) April 1. The appointment was announced last week by the chairmen of the congressional budget…

Nearly five months after Fiscal 2015 began and with a stop-gap measure expiring this Friday, the House and Senate remain in an embarrassing tug-of-war over Homeland Security spending. Last month the House approved a $39.7 billion current-year funding bill but…

Politicians like to talk about good news, including benefits from government programs. But former U.S. senators Evan Bayh (D-Ind.) and Judd Gregg (R-N.H.) note that politicians “are far less interested in talking about the bad news and hard choices on…