Next week, the House of Representatives will debate its first appropriations package for the fiscal year that begins October 1. Floor action will start with a $259.5 billion package that combines four of the annual spending bills into one “minibus”…
Policymakers in Washington have responded to the economic fallout from the COVID-19 pandemic with a remarkable display of bipartisanship. All four rescue bills to date have passed with overwhelming support from both parties in the House and Senate. A crucial…
The Congressional Budget Office recently revised its forecast of key economic variables that drive the agency’s projections of federal spending and revenues. As the U.S. economy shuddered to a virtual halt in March in response to the global health pandemic,…
Moving rapidly to pass the next installment of COVID-19 pandemic relief, on May 15 the U.S. House of Representatives passed H.R.6800, the Health and Economic Recovery Omnibus Emergency Solutions Act, or the HEROES Act. Although the Congressional Budget Office has…
