Budgets & Projections

Extenders Put on Hold – Legislation to extend some tax breaks and expanded unemployment insurance has been put on the back burner because senators...

Even in best years the congressional appropriations process usually results in a proverbial train wreck. And this year is shaping up to be such a bad...

The choice of who will replace Peter Orszag at OMB is a critical one. We were thrilled when President Obama chose Orszag, Summers, and Geithner, to be...

Summertime, but the Living Isn’t Easy in Congress – Today brings the first official day of summer, but Washington has already been experiencing...

We reported last week many times on efforts by the Obama Administration to save small chunks of change (see here, here, and here.) But they're not...

The Obama Administration has been putting out a flurry (see here and here) of modest savings proposals over the past few weeks. The latest comes in a...

The Congressional Budget Office (CBO) issued its Monthly Review late last week (and today, the Treasury released its Monthly Statement for May). CBO...

The Obama Administration is looking at spending once again. A day after the White House announced a plan to encourage savings by executive agencies...

Making the Pitch – With much of Washington eagerly anticipating the debut of Stephen Strasburg on the mound tomorrow, the return of Congress this week...

According to a new CBO report, automatic stabilizers added about $282 billion to the federal deficit last year and are projected to add $351 billion...

In a publicly released letter to the co-chairs of President Obama’s fiscal commission, Rep. Frank Wolf (R-VA) warned of the “deep and downward slide”...

Lots of Assignments Due After Recess – Lawmakers are home this week for the Memorial Day recess. When they come back next week they will have a lot of...