Congress Could Combine Student Loan, Highway Funding Bills

By: Tuesday June 26, 2012 12:19 pm

There’s still been nary a peep from Congress on deals on the two major expiring measures that conclude at the end of the week, one on transportation funding and another on federal student loan interest rates. All we know is that Harry Reid has threatened to keep the Senate in session over the weekend to [...]

Republicans Consider Using War Funding to Finance Doc Fix

By: Wednesday January 25, 2012 2:42 pm

Sahil Kapur has an important report on how that accounting gimmick on war funding may finally get put to use. Unfortunately, it’s not on funding more infrastructure, as the President suggested in the State of the Union. Instead, it would fund a permanent doc fix, reversing the reduction in Medicare reimbursement for doctors. House Republicans [...]

Payroll Tax Cut Big Question Mark as Congress Returns

By: Monday November 28, 2011 7:35 am

The main way that the US can insulate itself from the crisis in Europe is through continuing the fiscal state of emergency in the country, as the only ballast for growth. Unfortunately, we have a dysfunctional Congress, so the only way to realistically do this is to not slip backwards and turn fiscal policy negative [...]

All Major Initiatives for 2011 Come Crashing Down

By: Monday October 3, 2011 11:30 am

I guess I’ve been remiss in writing about the American Jobs Act ((AJA), but then I haven’t written anything about Libyan admission as the 51st US State, either, which is a policy I’m sure somebody somewhere agrees with, but which also isn’t going to happen. The President rallied for an up or down vote on [...]

The OTHER Policy From the American Jobs Act

By: Friday September 9, 2011 7:05 am

If the American Jobs Act were just the bill described last night – one that would create millions of jobs and serve many of the country’s needs – that would be fine. But it’s not just that bill. The President was quick to address the idea that the bill would be “fully paid for,” and [...]

Republicans Choose Their Interchangeable Parts for Catfood Commission II

By: Wednesday August 10, 2011 9:30 am

There were no real surprises among the choices made by John Boehner and Mitch McConnell for the Catfood Commission II. It’s perhaps interesting to note that Paul Ryan didn’t make the cut, but I guess Boehner figured that he’s toxic and therefore not a good face to put on the committee. Instead, Boehner picked two [...]

Going Big: Obama Reportedly Seeking $4T Deal, Major Entitlement Cuts, Tax Changes

By: Thursday July 7, 2011 6:10 am

The discussions over pairing an increase in the debt limit with austerity budgeting took a turn into the stratosphere this morning, with a series of articles detailing President Obama’s offer, to be presented to Congressional leaders today, of a broader deficit reduction plan than previously discussed, with major cuts to all areas of government and [...]

Debt Limit Negotiation Walkout Was Planned, Republicans Say

By: Friday June 24, 2011 7:35 am

The showy move by Eric Cantor Рand Jon Kyl Рto walk out of the Biden debt limit talks was a planned event, prepared for weeks as an ostentatious way to force the President into the negotiations. “There have been discussions about when these talks need to end and when the Speaker and the [...]

$2.5 Trillion in Deficit Reduction Demanded in Debt Limit Talks

By: Wednesday June 8, 2011 7:25 am

We have been tiptoeing around a number in the Biden debt limit talks, but Jon Kyl finally introduced some actual figures. We knew that Republicans wanted a dollar of deficit reduction for every dollar that the debt limit increased. To increase the debt limit until the end of next year, through the 2012 elections so [...]

Kyl: Spending Cuts Now, Taxes Later

By: Wednesday May 18, 2011 8:35 am

Democrats and the White House both believe that Republicans will eventually vote to raise the debt limit. They could take a hard line and simply cut off negotiations. But instead, they’re in the midst of talks, headed by Joe Biden, on reducing the deficit. And according to Elise Foley, they’re about to go running up [...]

On Continuing Resolution, Republicans Don’t Want to Play Out the Fight

By: Wednesday February 16, 2011 6:44 am

The House of Representatives began work on the continuing resolution for Fiscal Year 2011 last night, slogging through some of the 400 amendments to the bill. The first four all had something to do with deeper cuts in the Pentagon budget, and all four failed. Jeff Flake’s amendment on reducing operations and maintenance in that [...]

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