Budget Matters Blog


Biden Group, Senate Get Serious About the Budget

This week the Senate may begin its work on the FY2012 federal budget, while Vice President Joseph Biden holds a second high-level meeting with leading congressional figures on the budget.Senate Budget Committee Chairman Kent Conrad (D-ND) is likely to release his FY2012 budget resolution sometime this week. As in the ...

Continuing Resolutions 7 and 8: Finale

td p { margin-bottom: 0in; }p { margin-bottom: 0.08in; }a:link { } Friday, April 8, the House of Representatives and the Senate worked until almost midnight to draft and pass legislation to keep the government open. This seventh Continuing Resolution cuts another $2 billion from the FY2011 budget in the ...

Blossoms, But No Budget

It’s Cherry Blossom season in Washington, D.C. Each year at this time hundreds of thousands of people from across the country and around the world flock to our nation’s Capitol to stroll along the banks of the Tidal Basin, “ooo-ing” and “ahhh-ing” at the vibrant pink flowers on hundreds of ...

Despite Deep Spending Cuts, GOP Plan Achieves Little Deficit Reduction in 2012

Chairman Ryan’s deep cuts would only achieve modest deficit reductions in 2012The budget proposal released by Rep. Paul Ryan’s this week includes a slew of cuts to “non-security” discretionary programs in 2012.  The deepest cuts are illustrated below.   Rep. Ryan proposes we spend less than half as much as President ...

I'll See Your "CR" and Raise You One "Omnibus"

In the topsy-turvy world that is Washington, D.C., these days, Congress is struggling to find a way to fulfill its primary function -- pass a budget.The government is currently being funded by a “continuing resolution.” The current fiscal year – FY 2011 – actually began on October 1, 2010, right ...

The Moment of Truth

Earlier today, the 18 members of the President's National Commission on Fiscal Responsibility and Reform voted to approve the final version of the proposal issued by the Commission's Co-Chairs, Sen. Alan Simpson and Erskine Bowles. The vote was 11-7, short of the 14 votes which, according to the panel's rules, ...