Budgets and Debt

The Senate Budget Committee may mark up an FY12 budget resolution this week, while Democratic and Republican negotiators begin the serious work of trying to reach agreement on a debt reduction plan to accompany an increase in the debt limit. Senate Budget Resolution: The Senate Budget Committee may mark up an FY12 budget resolution later in the… Read More


Congress Back to Work this Week

Congress returns from its two-week recess this week, looking ahead at the need to raise the nation’s statutory debt limit within the next two months and associated efforts to cut federal spending or establish new budgetary controls. Lawmakers have about two months to increase the debt limit, according to the Treasury Department. Although leaders of… Read More


FY11 Finally Complete

The Senate easily cleared the FY11 spending agreement (HR 1473) late yesterday afternoon after the House passed it by a comfortable margin.  The president is expected to sign the bill sometime today before the current continuing resolution (CR) expires tonight at midnight. The bill passed in the House 260-167, with 179 Republicans being joined by… Read More


Final FY11 Action Today

NOTE:  NASA numbers have been corrected to reflect an increase in funding over FY10, not a decrease as reported on the original post.  I apologize for any inconvenience. The FY11 continuing resolution (CR) negotiated last Friday to fund the federal government for the remainder of the fiscal year would reduce federal spending by about $38.5… Read More


Final FY11 Details Emerge

UPDATE:  There is a lot of confusion on Capitol Hill today as we all try to determine actual cuts proposed in the FY11 continuing resolution (CR).  A list distributed by the House earlier today identified numerous programs for cuts but those programs ARE NOT identified in the actual legislation — so the House list is… Read More


FY11 End Game

Federal government is now operating under another one-week continuing resolution (CR) intended to give lawmakers time to debate and approve the larger agreement they reached late Friday night.  The so-called “bridge” CR was cleared by Congress shortly after midnight Friday, immediately after a deal was reached on funding for the remainder of FY11, thereby preventing… Read More


Shutdown Averted

President Obama and Congressional leaders announced a budget deal late Friday to avert a government shutdown. The outline of the deal is as follows: up to $39 billion in cuts from the 2010 budget, $514 billion in spending for the defense budget covering the remainder of this fiscal year, a GOP agreement to abandon controversial… Read More


Federal Shutdown Looms

A Thursday-night meeting between congressional leaders and President Obama failed to resolve an impasse over federal spending that, barring an agreement on Friday, would result in a federal government shutdown.  Federal government is currently operating on a continuing resolution (CR) that is set to expire at midnight tonight (Friday, April 8th).  If House Republicans and… Read More


Shutdown, FY12, and a Balanced Budget Amendment…

Shutdown Countdown… Late last night, House Republicans announced that they’re prepared to pass a new one-week continuing resolution (CR) extension with an additional $12 billion in cuts to FY11 unless Democrats “get serious about making real spending cuts on a long-term bill” for the remainder of the year.  The two parties have been negotiating over… Read More


FY11 Showdown and FY12 Startup

The FY11 budget predicament reaches its climax this week as tea party conservatives and Democratic leaders clash over how much, or how little, to slash from this year’s budget, and whether to include conservative policy riders that limit the federal government’s ability to spend money on things like Planned Parenthood, environmental regulations, and other liberal… Read More