by jpitney | Nov 14, 2023 | Budget, Congress, Economic Policy, House of Representatives
Don Wolfensberger: The House and Senate Budget committees keep churning out annual budget resolutions for approval by both houses. And the Congressional Budget Office (CBO) continues to produce its expert non-partisan cost estimates on legislation as part of its...
by jpitney | Nov 7, 2023 | Budget, Congress
Ernest Istook at Newsmax: With a new U.S. House Speaker in place, Republicans now have a quick opportunity to re-unify, rallying around how they handle the level of massive federal spending and borrowing. They should revive the “automatic continuing...
by jpitney | Sep 30, 2023 | Budget, Congress, House of Representatives
Sarah Ferris and Burgess Everett at Politico: Members old enough to remember the 1990s are now looking to that era’s nasty stalemate between Bill Clinton and Newt Gingrich as the most apt comparison to their current predicament. Even former Speaker Gingrich...
by jpitney | Jul 3, 2023 | Budget, Debt, Uncategorized
From CBO: Each year, the Congressional Budget Office publishes a report presenting its projections of what the federal budget and the economy would look like over the next 30 years if current laws generally remained unchanged. The long-term budget projections...
by jpitney | May 14, 2022 | Budget, Debt
From CBO: The federal budget deficit was $360 billion in the first seven months of fiscal year 2022 (that is, from October 2021 through April 2022), the Congressional Budget Office estimates. That amount is about one-fifth of the $1.9 trillion shortfall recorded...
by jpitney | Mar 4, 2022 | Budget, Congress
Lee Hamilton: Back in 2019, the House created the Select Committee on the Modernization of Congress, with an equal number of members of both parties. In the time since then, it’s made recommendations on everything from making Congress more accessible to people with...
