ROLL CALL: Senate Economist Warns Debt Limit Fight Could Raise Interest Rates. The White House push for a debt limit hike got some ammunition Friday from the chief economist for the Senate Budget Committee, who warned failure to increase the limit soon could cause interest rates to rise on newly issued federal debt. In a […]
The odds of a federal-government shutdown later this month have climbed to 75%, according to an expert on the federal budget. Stan Collender, who has worked on both the House and Senate Budget Committees, now estimates a three-in-four chance the government shuts down at the end of the month — up from 67% last week. Show More Summary
The odds of a federal-government shutdown this fall climbed significantly in the past week, according to a top expert on the federal budget. Stan Collender, who has worked on both the House and Senate Budget Committees, now puts the odds of a shutdown at 60% — up from 40% last week. Show More Summary
The fiscal 2016 budget resolution Congress adopted earlier this year included what’s known in the federal budget biz as “reconciliation instructions” (see sections 2001 and 2002), that is, directives to House and Senate committees to recommend policy changes that will reduce the deficit. The committees’ recommendations are supposed to be [...]
"Walker announced the decision in a joint statement Saturday with Senate Majority Leader Scott Fitzgerald, Assembly Speaker Robin Vos, and the co-chairs of the joint budget committee. They said that they're committed to open and accountable...Show More Summary
Congress has made good progress so far this year in moving the annual appropriations bills that fund the government. However, a looming budget battle over the sequestration and budget caps threaten to sideline progress until Congress and the White House reach agreement. Here’s the current situation.
Mike Enzi, chairman of the Senate Budget Committee, had a few important questions that he thought he wanted answered: If Congress repealed ObamaCare, how much money could the federal government save? What would be the...
The 2015 legislative session ended on an embarrassing, and potentially dangerous, note. They didn’t complete a budget for one of the state’s department. Specifically, the Public Employees Retirement System. The House and Senate were at odds over the decision by the PERS board to switch the state’s health insurance policy – the one covering all...
A state Senate budget committee on Thursday blocked an effort to gut key provisions of a groundbreaking 2008 law that requires child protection services to release case records after a child dies from abuse or neglect.
In his first testimony as director of the Congressional Budget Office, Keith Hall told the Senate Budget Committee that he plans to be transparent as the agency incorporates more dynamic analysis. “We’re going to open ourselves up to...Show More Summary
Agri-Pulse Open Mic this week features the Ranking Member on the Senate Agriculture Committee, Sen. Debbie Stabenow. The Michigan Democrat says she’s concerned about the budget process and is ready to defend the agriculture policy she and others worked so hard to approve. Show More Summary
Committee leaders in both parties were already calling for new negotiations on a more bipartisan approach.
In talking about the budget for the Department of Energy and particularly its Office of Nuclear Energy, we often zero in, logically enough, on the Appropriations Committees in the House and Senate. These are the committees that will ultimately determine what the budget will be. Show More Summary
Alabama’s Senate Budget Committee taps the brakes on a state flat tax plan. The panel delayed a vote on a bill that would cut the state’s personal income tax rate to 2.75 percent from 5 percent, and lower the corporate income tax rate to 4.59 percent from 6.5 percent. The bill would also eliminate certain […] The post Not So Fast, No, No, and… No. appeared first on TaxVox.
Here's how useless Congress is: A conference committee of the House and Senate, dominated by the majority of Republicans, are hammering out a budget blueprint based on the two chambers' passed bills. But the budgets each of them brought...Show More Summary
WASHINGTON -- The Senate Intelligence Committee kicked off budget season this week with a slew of appearances from Washington’s top spies. CIA Director John Brennan, National Security Agency Director Mike Rogers and Defense Intelligence...Show More Summary
For the first time in many years, Congress may be able to pass a budget for fiscal year 2016. This spring, the House and Senate each passed their version of a proposed budget, and now a conference committee has been named to work out the differences. Show More Summary
Good to know that the ranking member of the House Budget Committee and candidate for Barbara Mikulski's Senate seat is listening to progressive voices these days. The Nation: While the legislation remains behind closed doors for now,...Show More Summary
Congressional Democrats missed a golden opportunity this week. On Monday the Congressional Budget Office (CBO) published a letter to Senate Budget Committee ranking member Judd Gregg (R-NH) regarding the estimated savings of eliminating the Federal Family Education Loan (FFEL) program and making all loans through the Direct Loan program. Show More Summary
"A budget is a moral document; it talks about where your values are." – Representative Rob Woodall (R-GA) discussing the House Budget Committee’s FY2016 Proposal "There can be no keener revelation of a society’s soul than the way inShow More Summary