Round 2: The Conferees Convene

The second meeting of the budget conference committee will happen today at 10 AM Eastern time. The conferees do not have a lot of time, as their deadline of December 13 is now exactly a month away and government funding will expire a month later on January 15. Testifying at the meeting is a familiar face in the budget world, CBO director Doug Elmendorf, whose agency will also be releasing an updated Budget Options report at noon today.

You can watch the proceedings live on C-SPAN here. Also, check back to The Bottom Line later today as we summarize CBO's latest options report.