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Keith Hall Named CBO Director

Senate Budget Committee Chairman Mike Enzi (R-WY) and House Budget Committee Chairman (R-GA) jointly named Dr. Keith Hall the new Director of the Congressional Budget Office, succeeding the outgoing director, Dr. Douglas Elmendorf. Dr. Show More Summary

Wednesday Morning Update: Senate Ag Committee Farm Bill Hearing, Ag Economy; Trade; Budget; and, Biofuels

Policy Issues- Senate Ag Committee Hearing; House Ag Committee Hearing Today In two separate panels, agricultural producers and Secretary of Agriculture Tom Vilsack testified before the Senate Agriculture Committee on the implementation of  last year’s Farm Bill Tuesday morning. Show More Summary

Policy Issues; Trade; Ag Economy; and, Budget Issues Tuesday

Policy Issues In a letter yesterday to Senate and House Budget Committee leaders, a large number of food, agriculture and policy organizations indicated that, “The undersigned 392 organizations, representing America’s agriculture, nutrition,...Show More Summary

Senate Holds Hearing Today on The Coming Debt Crisis

The Senate Budget Committee held a hearing this morning on The Coming Crisis: America’s Dangerous Debt (with links to testimony): Laurence Kotlikoff (Boston University), America’s Fiscal Insolvency and Its Generational Consequences Heather...Show More Summary

Senate Transportation Budget Advances, Including ST3

As Dan Ryan reported a week ago, the leadership of the Senate Transportation Committee struck a deal for their transportation budget. The proposals were formalized in the form of Senate Bills 5987-5989, and had a public hearing this past Wednesday. SB 5987 is the transportation funding bill, and contains authorization for a vote on a […]

Corporate Giveaways and Tax Expenditures: An Examination

As the legislature continues to examine Governor Deal’s proposed 2016 state budget and the Transportation Committees in the House and Senate try to figure out how to raise more than a billion dollars to maintain the state’s roads and bridges, there is a parallel discussion about eliminating waste, fraud and abuse, along with corporate giveaways. Show More Summary

Social Security chief: Disability cut would be a 'death sentence'

Senate Republicans held a Budget Committee hearing Wednesday with the very unsubtle title "The coming crisis: Social Security Disability Trust Fund Insolvency," because if you're a Republican you always want the words "crisis" and "insolvency"...Show More Summary

'The Disability Insurance Non-Crisis'

Republicans and misguided centrist Democrats are coming after Social Security. One target is disability insurance. However: The Disability Insurance Non-Crisis, CBPP: Although the Senate Budget Committee will hold a hearing tomorrow titled “The Coming Crisis: Social Security Disability Trust Fund...

Republicans planning stealth attack on Social Security, Democrats fear

On Wednesday morning, the GOP-controlled Senate Budget Committee is set to hold a hearing entitled: “The coming crisis: Social Security Disability Trust Fund Insolvency.” The dry bureaucratic language masks the drama inherent in what could prove the first high-profile skirmish in a series of battles that could go a long way towards defining the new […]

All Job Growth Since 2007 Has Gone to Foreign-Born Workers

(John Hinderaker) With the latest jobs report published, Senate Budget Committee staff have updated their analysis of job creation and population growth. They start their analysis in December 2007, when the last recession began. This...Show More Summary

Watch John McCain Blow Up At Protesters Heckling Henry Kissinger — 'Get Out Of Here, You Low-Life Scum'

Senate Armed Services Committee Chairman John McCain kicked protesters out of his budget hearing Thursday, calling them "low-life scum." The upheaval came after members of an anti-war group calling itself Code Pink approached the witness table, where former secretaries of state Henry Kissinger, Madeleine Albright and George P. Show More Summary

America doesn't just have one deficit, and Bernie Sanders wants to address seven of them

Sen. Bernie Sanders (I-VT) Sen. Bernie Sanders wants to talk about the deficits. Yes, plural. The ranking member on the Senate Budget Committee says the next budget should address a series of deficits in investment in the American economy. Show More Summary

How Bernie Sanders, In New Role, Could Make Wall Streeters Very, Very Unhappy

  (Photo By Bill Clark/CQ Roll Call) (CQ Roll Call via AP Images) Senate Budget Committee ranking member Senator Bernie Sanders, independent of Vermont, holds a news conference on the budget on Friday, January 16, 2015.  B ig banks now...Show More Summary

Bernie Sanders Makes Two Great Hires For Senate Budget Committee

This is some very good news. I'm a huge fan of both Stephanie Kelton and Matt Stoller, and this should make for some very interesting public hearings. Thanks, Bernie: With Sen. Bernie Sanders set to become the top Democrat on the Senate...Show More Summary

MMT Versus the CBO: Replacing the Budget Constraint with an Inflation Constraint

Yves here. MMT, or Modern Monetary Theory, is in the process of becoming vastly more visible by virtue of leading MMT advocate, Stephanie Kelton, becoming Chief Economist on the Senate Budget Committee on behalf of ranking member Bernie Sanders. Show More Summary

Legislative Resolution Calls For Study Of Local Budget Transparency

On Friday – before the resolution was even posted online for the public to view – SCR4001 got a hearing and a unanimous “do pass” recommendation from the Senate Political Subdivisions Committee. The resolution calls for a study into “financial reports required by law to be compiled and filed by political subdivisions to determine whether they are being...

Congress may consider raising gas tax to address budget shortfall

WASHINGTON — The incoming chairman of the Senate Commerce, Science and Transportation Committee says raising the federal fuel taxes is among the options under consideration to replenish the dwindling Highway Trust Fund. Sen. John Thune...Show More Summary

Prominent MMT Advocate Stephanie Kelton to Become Chief Economist for Senate Budget Committee

Congratulations Stephanie! Amazingly, being a heterodox economist, no less a leading advocate of MMT, is not a bar to landing an influential post.

Alabama's Sessions Steps Aside in Budget Chair Race, Gives Spot to Wyoming's Enzi

Senate Budget Committee ranking member Sen. Jeff Sessions (R-AL) will not chair the U.S. Senate Budget Committee next year when the newly elected GOP majority takes over in Congress’ upper chamber. Instead of Sessions, Wyoming’s Sen....Show More Summary

Ingraham Warns Against Ousting Sessions as Budget Chair: 'We're Keeping a List'

On her Tuesday radio show, conservative talk show host Laura Ingraham warned Republicans seeking to prevent current ranking Republican on the Senate Budget Committee, Sen. Jeff Sessions (R-AL), from taking the chairman’s gavel next year when Republicans take over the U.S. Show More Summary

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