Obama Calls for Balanced Approach to Deficit Reduction

Today President Obama called on lawmakers to quickly pass a package of limited spending cuts and tax changes that can head off the automatic, across-the-board reductions — or sequester — that are set to take effect on March 1st. Obama will acknowledge that a broader budget agreement is unlikely to be reached by next month’s… Read More


What’s Up in Congress

Today The House is in at 2:00pm with votes expected at 6:30pm on the Children’s Hospital GME Support Reauthorization Act (HR 297), the Veteran Emergency Medical Technician Support Act (HR 235), and the National Pediatric Research Network Act (HR 225). The Senate is also back at 2:00pm and at 5:30pm will hold a key procedural… Read More


Sequestration Now Seems Likely

With just a month to go before sequestration is schedule to take effect, many on Capitol Hill now seem to accept that sequestration is likely to happen on March 1st.  This may be in part because Congress is also facing the expiration of the current continuing resolution (CR) just a few weeks after (March 27th),… Read More


House Temporary Debt Deal May Force Larger Deal on Spending Cuts

Update:  The House this afternoon passed their bill that would suspend the debt ceiling until the middle of May. The vote was 285-144. Senate Majority Leader Harry Reid (D-NV) said Wednesday that the Senate will pass the House’s bill; the White House has indicated it will not block the measure.  The House will consider legislation today… Read More


House GOP Proposes to Delay Debt Ceiling Fight

Amid all the pomp and circumstance yesterday, House Republicans released their proposal to postpone a fight over increasing the nation’s debt limit by suspending it until May 19th. The measure, which is expected to be considered on the House floor tomorrow, would suspend the debt limit through May 18th and then provide for an automatic… Read More


This Week in DC

Washington, DC is gearing up for the Presidential Inauguration, scheduled to take place on Monday, January 21st (MLK Day). The Senate will remain in recess until then (they were in recess last week as well), while the House is in session today through Wednesday. The big issues facing this new Congress continue to be fiscal… Read More


WELCOME 113TH CONGRESS

The 113th Congress will be sworn in at noon today but will take no break from fighting over fiscal priorities with the opening weeks and months likely to be dominated by partisan fights over the size of a multibillion-dollar disaster aid package (Super Storm Sandy relief package), how to raise the nation’s debt ceiling before… Read More


Fiscal Cliff Averted

Early this morning, the Senate rang in the New Year by approving legislation to avert the economic impacts of the fiscal cliff. The bipartisan agreement makes changes to tax policy by allowing for the first income tax rate increase in nearly two decades and also delays the sequester by offering $24 billion in other spending… Read More


Fiscal Cliff Update

The Senate reconvenes today and will make a last attempt to legislate before large automatic tax increases and spending cuts take effect on January 1st. The House is scheduled to meet only in a pro forma session after Republican leaders said the Senate would need to act first to produce a legislative solution after their… Read More


Possible Deal to Avoid the “Fiscal Cliff”

A deal appears to be in the making to avoid the “fiscal cliff.”  Late yesterday, President Obama made a counteroffer back to House Speaker Boehner (R-OH) that would raise the top tax rates on income above $400,000, $400 billion in health care cuts, and $200 billion in discretionary cuts. The White House proposal also includes… Read More