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WASHINGTON, December 14, 2012—Strengthening of America—Our Children’s Future


The White House has formally requested $60.4 billion in federal funding for recovery from the damage caused by Hurricane Sandy. Acting OMB Director Jeffrey D. Zients wrote that the funding will “include efforts to repair damage to homes and public…


Dozens of lawmakers in both parties have signed a letter to congressional leaders that says a bipartisan agreement to avoid the fiscal cliff should include “a long-term, comprehensive deficit reduction plan.”Leading the effort are Representatives Jim Cooper (D-Tenn.), Steven LaTourette…


Negotiations over the year-end “fiscal cliff” and federal budget reform continued early this week, with President Obama and House Speaker John Boehner meeting Sunday afternoon but offering the public no details of the discussion.In the last two weeks the administration…


The Government Accountability Office (GAO) on Monday issued the fall update of its long-term fiscal outlook, underscoring the need for a more sustainable fiscal path in Washington.As in the past, the GAO presents two different simulations: the Baseline Extended, which…


The Bipartisan Policy Center (BPC) on Monday released an update of the broad plan for fiscal reform that its Debt Reduction Task Force recommended in late 2010. The update, like the original version, takes what the task force describes as…


Democrats and Republicans have exchanged formal budget proposals in recent days as they continue to joust over tax increases, spending cuts and how to avoid the year-end “fiscal cliff” that could throw the country into another recession.The fiscal cliff is…


Democrats and Republicans have long appeared to have an irreconcilable difference on tax policy: Democrats want more revenue, raised entirely from households with annual incomes over $250,000, while Republicans don’t want any new revenue, particularly from higher tax rates on…


Washington officials are sending conflicting signals over talks between the White House and congressional leaders to avoid the fiscal cliff while also moving the country forward on long-term deficit-reduction.President Obama talked by phone with House Speaker John Boehner and Senate…


The long-standing impasse on tax policy has basically boiled down to this: Democrats want more revenue, raised entirely from households with incomes over $250,000. Republicans don’t want any new revenue, and especially not from higher tax rates on the rich.…


Prospects for constructive budget talks between President Obama and congressional leaders seem to have brightened after an initial meeting at the White House late last week. The signals that came out of that meeting were “very good,” according to Concord…


Nov 19, 2012
Signals from the first post-election budget meeting between the President and congressional leaders, which took place at the White House on Friday, were very good. Congressional leaders of both parties appeared together after the meeting. There were no lines in…

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