Reminder: Executive Branch Can Delay Impact of Most Fiscal Slope Items

By: Wednesday November 14, 2012 7:45 am

I just want to add on to what Dean Baker says here. It’s not just that the people trying to hype the fiscal cliffas a scary, terrifying prospect shouldn’t be trusted given their track record. It’s that the short-term impact, say one month, of expiring measures really does approach zero. Here’s Dean’s base case as [...]

OMB Watch Outlines Strategies to Minimize Near-Term Sequester Impact

By: Friday November 2, 2012 1:56 pm

One of the keys to a strategy of letting the fiscal slope elements expire to increase leverage for a reasonable post-slope deal after the fact concerns how the Office of Management and Budget handles the sequester, the automatic cuts to defense and discretionary spending. They issued a report back in September, but it wasn’t terribly [...]

OMB Issues Report on Sequestration: “Deeply Destructive”

By: Friday September 14, 2012 12:27 pm

The Office of Management and Budget has released its Congressionally mandated report under the Sequestration Transparency Act, designed to explain how the Obama Administration would execute the sequester, the automatic cuts to defense and discretionary programs supposed to hit at the end of the year. The report includes these notable parts: • The cuts, on [...]

Mid-Session Review Shows a Smaller Deficit, as Federal Spending Drops

By: Friday July 27, 2012 1:41 pm

The White House released its mid-year budget estimate today, and as Jackie Calmes writes, it shows a smaller annual deficit for the year. She doesn’t bother to mention that this is exactly what we don’t need right now. The annual deficit will be lower for the fiscal year 2012 and for the rest of the [...]

Bid to Freeze Defense Budget Has Bipartisan Support

By: Thursday July 19, 2012 10:14 am

The House passed a bill yesterday that would force the Office of Management and Budget to detail how they would deal with the sequestration cuts that would trigger on January 1 if Congress takes no further action. While it has the added benefit of forcing the President to detail specific cuts to the federal workforce, [...]

You Shall Know Our Velocity: Political Priorities Measured in Time Frames

By: Wednesday May 23, 2012 1:41 pm

You can pretty well judge priorities in Washington simply by a matter of speed. If issues sit out there forever without being addressed, the political powers that be don’t really care about them. If they get attended to right away, they must have a certain importance attached. And this isn’t about lip service, but follow-through. [...]

Administration: We Won’t Sign Any Appropriations Bills That Break Debt Limit Deal

By: Thursday April 19, 2012 6:15 am

This really ups the ante on a fight that has been simmering ever since the House GOP made the decision to renege on the debt limit deal: In a major escalation of a slowly building fight over funding the government, the White House has warned House Republicans, in no uncertain terms, that the government will [...]

Administration Meets With Industry Trade Reps Moments After Announcing Interagency Group on Fracking

By: Friday April 13, 2012 2:19 pm

I mentioned earlier today that the President issued an executive order to create an interagency working group to oversee hydraulic fracturing, the process used in extracting natural gas. This order creates no regulations on fracking on federal lands, or on the development of environmental and public health standards associated with fracking generally. It just coordinates [...]

Bill Daley Resigns as White House Chief of Staff

By: Monday January 9, 2012 11:35 am

When Bill Daley was relieved of the Chief of Staff part of the Chief of Staff job, I thought he’d just end up as an appendage, a corporate bagman who could help the corporate community get things fixed at the White House, such as the decision to roll back new ozone standards. But over the [...]

OMB Trying to Stop Pentagon Slush Funds

By: Thursday December 8, 2011 12:15 pm

There are several ways in which the Defense Department’s extended whine about automatic sequestration cuts to their base budget is a joke, but the White House has apparently sniffed out one of those ways. The Overseas Contingency budget has quickly become a slush fund for the Pentagon. Money earmarked to go toward operations in Iraq [...]

OMB Plans to Stretch FEMA Funding to the Next Showdown

By: Wednesday September 28, 2011 11:01 am

Congress narrowly avoided the potential crisis of a government shutdown, because FEMA found enough funding to last through Fiscal Year 2011, which ends this week. This eliminated the need for emergency 2011 funding, which was attached to a continuing resolution to fund the government. So they dropped that funding along with the offset that was [...]

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