Congressional Constraints Could Harm Sandy Response

By: Tuesday October 30, 2012 6:18 am

By now you’ve probably heard about or seen the consequences of Frankenstorm Sandy, especially along the Jersey Shore and in the five boroughs of the New York City metropolitan area. The evacuation of NYU Hospital. The flooding of the New York City subway system. The shutdown of the New York Stock Exchange on consecutive days [...]

Obama Sketches Out Grand Bargain, As He Has Multiple Times

By: Wednesday October 24, 2012 11:41 am

I really didn’t see much new in President Obama’s off-the-record, on-the-record interview with the Des Moines Register, certainly nothing that demands to be hidden from public view. It mostly contained a restating of arguments that have played out over endless stump speeches, debates and TV ads. People are trying to treat Obama’s two major 2013 [...]

Fiscal Policies Already in Place Will Depress US Economy in 2013, Regardless of Fiscal Cliff

By: Thursday August 23, 2012 7:41 am

As I noted yesterday, it’s not the threat of recession from the fiscal cliff that is despairing so much as it’s the CBO estimate that, even if the fiscal cliff gets put off, we’re staring at anemic 1.7% growth for 2013, and an unemployment rate remaining above 8% by the end of next year. This [...]

Fiscal Cliff Already Having Impact on Hiring

By: Monday August 6, 2012 7:35 am

Nelson Schwartz reports that the prospects of Congress allowing the country to fall over the fiscal cliff, that combination of tax hikes and spending cuts set to trigger at the end of the year, has already led to businesses pulling back on hiring: A rising number of manufacturers are canceling new investments and putting off [...]

House Passes Bloated Defense Authorization Bill Despite Veto Threat

By: Friday May 18, 2012 12:55 pm

The House has passed this year’s defense authorization bill which departs from last year’s debt limit deal by adding $8 billion above spending targets set for the military, and by replacing the defense side of the automatic “trigger” cuts with cuts from elsewhere in the budget. The final vote was 299-120, with 77 Democrats supporting [...]

Ryan Apologizes for Intimating That Military Brass Lied to Congress

By: Sunday April 1, 2012 9:52 am

Paul Ryan performed a phalange-ectomy today on CNN’s State of the Union today, cleaning up comments he made about military leaders lying to Congress about their true opinions on the defense budget. Here’s how he answered Candy Crowley’s question about the exchange: RYAN: I really misspoke, to be candid with you, Candy. I didn’t mean [...]

Ryan Budget Looks Headed for Passage in House

By: Friday March 23, 2012 10:20 am

The close call in the House Budget Committee for the Ryan budget led many to wonder whether the House leadership would have trouble with the bill on the floor. But The Hill reports that they’re making progress toward that goal: Conservative House Republicans on Thursday said they support the 2013 budget resolution, leaving GOP leaders [...]

House GOP to Cut Below Spending Cap Number on 2013 Budget

By: Wednesday March 7, 2012 9:35 am

It’s looking more and more like House Republicans will seek to renege on the Budget Control Act, the deal on the debt limit from last August, and deliver a budget below the spending cap set out in that legislation. The spending cap was a ceiling and not necessarily a floor, so House GOP leaders can [...]

FY 2013 Budget Still Looming for Congress Before Election Day

By: Monday March 5, 2012 8:55 am

Despite the deep divisions in Washington and the looming election, Congress still has at least one job to do before November 6. They have to pass a budget or at least fund government operations when the next fiscal year begins on October 1. House Republicans have not shifted their view, regardless of the popularity, that [...]

Administration Calls for $450 Billion War Funding Cap

By: Thursday February 16, 2012 1:38 pm

Did you know that the federal government expects to spend $450 billion on fighting wars over the next decade? This, despite the removal of all troops fron Iraq, and the transition of combat missions over to the Afghans by 2014, if not a year earlier? That’s what we can take from the numbers in the [...]

Again, New Accents But Same Songs in Obama Budget

By: Monday February 13, 2012 7:01 am

The FY 2013 budget that the Administration will release today is, in the long run, a meaningless document in substantive terms, so I don’t want to spend that much time on it. But I was a little surprised with the pushback I received about my assessment that it reflects a shift in tone rather than [...]

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