Budget Process
Latest
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Congress Should Avoid Budget-Busting Omnibus
Congressional negotiators are apparently discussing a Fiscal Year 2023 omnibus appropriations bill of $1.65 trillion or higher, which would represent...
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Q&A: Everything You Should Know About the Debt Ceiling
This paper has been updated. The federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to last...
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Rules Reform – Ideas for the 118th Congress
At the beginning of each new session of Congress, the House of Representatives must agree on a new set of rules governing how business will be...
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Congress Avoids a Shutdown, But End-of-Year Package Could Be Costly
Lawmakers passed a continuing resolution (CR) today to sustain current funding levels and avoid a government shutdown in the final hours of the fiscal...
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Upcoming CR Shows Broken Budget and Debt Addiction
Lawmakers are considering a continuing resolution (CR) to keep the government from shutting down when funding lapses on Friday, September 30th at the...
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Budget Experts Urge Congress to Enact Deficit Reduction
Today, 55 of the nation’s top budget experts issued a letter calling for Congress to enact deficit reduction in the coming months and years in order...
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Lawmakers Now Three Months Past Budget Due Date
The Congressional Budget Act states that Congress must pass its concurrent budget resolution on April 15 th of each year, but no action has been taken...
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FixUS Poll: As July 4th Approaches, Patriotic Values Still Popular
In light of the pervasive political conflicts dominating national conversations, the Committee for a Responsible Federal Budget’s FixUS initiative, an...
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Congress Needs to Stop Deeming and Start Budgeting
Today, the House of Representatives passed a $1.6 trillion “deeming resolution” to set the topline level for appropriations for Fiscal Year 2023. The...
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Congress Misses Budget Deadline Again
The statutory deadline for Congress to pass a concurrent budget resolution is April 15. The following is a statement from Maya MacGuineas, president...
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Omnibus Bill Highlights Need for Spending Caps
Policymakers are currently considering an omnibus appropriations bill to fund the federal government through the remainder of the fiscal year. The...
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Coalition Calls Attention to Lack of Fiscal Responsibility
This week’s State of the Union address comes at a time when debt as a share of the economy is on track to surpass record levels within a decade. Today...