By the end of each fiscal year (Sept. 30), the U.S. Congress is required to pass spending bills for the next fiscal year. If it fails, Congress must either pass a continuing resolution or the federal government will shut down
CNN looks at what qualifies as “affordable” under the 2010 health care law.
Whether they’re using a meat clever, a scalpel or a set of tweezers, the administration seems to get woozy even when the operation calls to cut just three cents on the dollar.
A roundup of the latest must-read budget and economic stories.
It’s been four years, but hats off to the Senate for finally considering a budget. Earlier this week, we explained the complicated budget vote-a-rama process, which is expected to begin around 3:00 p.m. EST today.
A roundup of this morning’s must-read budget and economic stories.
If you believe the national debt and the federal budget deficit are urgent priorities, then last’s week’s debate on the floor of the House of Representatives offered insight into why it’s so difficult to restrain government spending.
A lesson for Congress- enough with the autopilot spending. Congress must take control of the federal budget process, which means taking responsibility for all spending programs to get the deficit under control. If Congress doesn’t start relearning how to fly, we all need to be prepared for a fiscal crash.
There has never been a budget resolution that has been apolitical. Even when passed by Congress, these proposals are nonbinding, without the force of law. Instead, they simply spell out the priorities and agenda of a particular party or individual. This is true whether the Democratic Senate passes President Obama’s budget or the Republican House passes Paul Ryan’s budget resolution.
Late last night House Budget Committee Ranking Member Chris Van Hollen (D-MD) released a counter proposal to the Republican House-fiscal year 2013 budget. The outline calls for $3.7 trillion in spending for the next fiscal year and estimates the budget deficit will clock-in at $965 billion.