Budget — Federal News feed http://www.cbpp.org/research/?fa=topic&id=29 en-us Copyright 2008 Center on Budget and Policy Priorities. All rights reserved. Tue, 27 Oct 2009 18:00:03 GMT http://blogs.law.harvard.edu/tech/rss We recently updated our long-term projections of federal spending, revenues and deficits, and they confirm what budget experts both inside and outside the government have concluded: The nation is on an unsustainable fiscal course, facing unprecedented deficits that, if left unaddressed, will seriously weaken our economy. http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/wEP-LoNKEdc/ http://www.cbpp.org/cms/?fa=view&id=2967 Tue, 27 Oct 2009 13:47:08 -0400 http://www.cbpp.org/cms/?fa=view&id=2967 Because of large increases in home heating costs in recent months, the funding level that Congress provided for the Low-Income Home Energy Assistance Program (LIHEAP) [1] in the recently enacted omnibus appropriations bill for fiscal year 2005 is not sufficient to cover the expected large increases in home heating costs. Many poor households assisted by the program — the majority of which include a person who is elderly or disabled [2] — may face considerable … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/YtCthwL8tW0/ http://www.cbpp.org/cms/?fa=view&id=1395 Tue, 06 Oct 2009 11:45:28 -0400 http://www.cbpp.org/cms/?fa=view&id=1395 Under current law, there will be no cost-of-living adjustment (COLA) in Social Security in 2010 — the first time that has happened since automatic cost-of-living adjustments began in 1975. Several bills before Congress would grant a special increase in Social Security payments for 2010. The inflation data, however, do not support an increase: overall consumer prices have fallen significantly in the past year and are not expected to return to their earlier peak until … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/vbKZVxbzSGI/ http://www.cbpp.org/cms/?fa=view&id=2951 Wed, 14 Oct 2009 11:53:19 -0400 http://www.cbpp.org/cms/?fa=view&id=2951 Click here to view the conference videos. http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/i0p1N97vKVE/ http://www.cbpp.org/cms/?fa=view&id=2948 Thu, 08 Oct 2009 23:45:21 -0400 http://www.cbpp.org/cms/?fa=view&id=2948 For a number of years, the Center on Budget and Policy Priorities (CBPP) has projected the long-term path of federal spending, revenues, deficits, and debt if current policies remain unchanged. These projections have shown that deficits and debt will grow in coming decades to unprecedented levels that will not only compromise the federal government’s ability to address critical national priorities, but also pose a real threat to the U.S. economy and Americans’ standard of living.… http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/MnEtSCf0GO8/ http://www.cbpp.org/cms/?fa=view&id=2933 Wed, 30 Sep 2009 08:53:57 -0400 http://www.cbpp.org/cms/?fa=view&id=2933 In this podcast, the federal government deficit, debt, and interest is explained by Director of Federal Fiscal Policy, Jim Horney. Duration: 5:45 http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/RAPdu3ImG00/ http://www.cbpp.org/cms/?fa=view&id=2930 Tue, 22 Sep 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2930 The budget reconciliation process in Congress is explained by Director of Federal Fiscal Policy, Jim Horney. Duration: 4:43 http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/vUSBIQE11wI/ http://www.cbpp.org/cms/?fa=view&id=2918 Tue, 15 Sep 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2918 On August 25, both the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) released updated budget projections. Some observers, comparing OMB's estimate of the deficit over the next ten years under the President's proposed policies ($9.1 trillion) to CBO's “baseline” estimate of the deficit under current law ($7.1 trillion), jumped to the conclusion that the President proposes to increase the deficit dramatically. In fact, the opposite is … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/DoaXjQ-6L_Q/ http://www.cbpp.org/cms/?fa=view&id=2901 Thu, 27 Aug 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2901 The new budget deficit updates from CBO and OMB are explained by the Center’s Director of Federal Fiscal Policy, Jim Horney. Duration: 3:28 http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/ilnsq4ZALZc/ http://www.cbpp.org/cms/?fa=view&id=2900 Thu, 27 Aug 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2900 http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/MbKoRHTWb3Q/ http://www.cbpp.org/cms/?fa=view&id=2898 Tue, 25 Aug 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2898 Today's budget reports provide no evidence that federal budget policies over the last year have failed or that a drastic new direction in short-term fiscal policy is needed. While they also provide little new information about the nation's longer-run budget path, the reports highlight the need for the President and Congress to begin taking steps now to ensure that deficits will fall to reasonable levels through 2019 and that they do not grow very rapidly in later … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/LBwaBMOusRI/ http://www.cbpp.org/cms/?fa=view&id=2896 Tue, 25 Aug 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2896 Duration: 30:55 http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/-wmB2PWyatM/ http://www.cbpp.org/cms/?fa=view&id=2895 Mon, 24 Aug 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2895 Duration: 30:55 http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/-wmB2PWyatM/ http://www.cbpp.org/cms/?fa=view&id=2895 Mon, 24 Aug 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2895 Next week, the President’s Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) will update their economic and budget projections for fiscal year 2009, which ends on September 30, and the next ten fiscal years.[1]Some analysts and pundits will try to use the new projections to support their arguments that the February stimulus package is (or is not) working, that Congress must (or must not) proceed with health care reform, and that any number of other … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/dcWwUI9ef6Y/ http://www.cbpp.org/cms/?fa=view&id=2894 Fri, 21 Aug 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2894 The House of Representatives is today considering legislation (H.R. 2920, as amended by a substitute proposed by Majority Leader Steny Hoyer) that would reinstate a statutory Pay-As-You-Go rule similar to the rule that helped produce the first federal budget surpluses in decades in fiscal years 1998 through 2001. Under the terms set for consideration of that legislation, Representative Paul Ryan is allowed to offer an amendment that would: Replace the proposed statutory … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/zqQLmfH0efo/ http://www.cbpp.org/cms/?fa=view&id=2875 Wed, 22 Jul 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2875 Some critics of the economic recovery law (or “stimulus” bill) that President Obama and Congress enacted early this year are mischaracterizing how it was supposed to work and what it was supposed to do. For instance, some critics complain that, because unemployment has risen in recent months, the law is not working. Others claim that states are improperly using the money to close budget shortfalls or finance short-term projects. These and a number of other … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/KdXhzBhgjVo/ http://www.cbpp.org/cms/?fa=view&id=2870 Fri, 10 Jul 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2870 Robert Greenstein testified June 26th on why..."pay-as-you-go discipline is important, why enactment of a statutory pay-as-you-go rule to reinforce Congressional rules can be beneficial, and why enactment of a statutory pay-as-you-go rule is not itself sufficient to achieve fiscal sustainability." In this podcast, listen to Greenstein's remarks at the hearing. http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/NxMIAkpjQW0/ http://www.cbpp.org/cms/?fa=view&id=2851 Fri, 26 Jun 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2851 Mr. Chairman, Congressman Ryan, and members of the Committee, I appreciate the opportunity to appear here today to explain why I think pay-as-you-go discipline is important, why enactment of a statutory pay-as-you-go rule to reinforce Congressional rules can be beneficial, and why enactment of a statutory pay-as-you-go rule is not itself sufficient to achieve fiscal sustainability. To explain my view of the benefits and limits of a pay-as-you-go rule, I would like to make three … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/G-i4B1eh61s/ http://www.cbpp.org/cms/?fa=view&id=2845 Thu, 18 Jun 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2845 President Obama’s proposal to require policymakers to fully pay for all new entitlement increases and tax cuts, rather than deficit-finance them, is an important first step to restore fiscal responsibility. Critics charge that the pay-as-you-go, or PAYGO, proposal is riddled with loopholes, would be ineffective, or is a gimmick. But they are fundamentally mistaken. In light of obvious political realities, the so-called loopholes actually increase the … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/S8_DEX5tFIk/ http://www.cbpp.org/cms/?fa=view&id=2839 Wed, 10 Jun 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2839 President Obama’s proposal to require policymakers to fully pay for all new entitlement increases and tax cuts, rather than deficit-finance them, is an important first step to restore fiscal responsibility. Critics charge that the pay-as-you-go, or PAYGO, proposal is riddled with loopholes, would be ineffective, or is a gimmick. But they are fundamentally mistaken. In light of obvious political realities, the so-called loopholes actually increase the … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/S8_DEX5tFIk/ http://www.cbpp.org/cms/?fa=view&id=2839 Wed, 10 Jun 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2839 http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/B7AjNzPiiGM/ http://www.cbpp.org/cms/?fa=view&id=2808 Fri, 08 May 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2808 The budget resolution Congress adopted last week for fiscal year 2010[1] largely reflects the proposals in the preliminary budget President Obama submitted to Congress in February. Under the budget resolution: Deficits will be very high by historical standards in the next several years but will decline substantially by 2014. Over the 2010-2014 period as a whole, deficits will be $824 billion lower than if no … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/6WnSNmuDWz4/ http://www.cbpp.org/cms/?fa=view&id=2802 Mon, 04 May 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2802 "...Is this the time to spend about $90 billion over the next decade to give the nation's wealthiest households a new, multi-million-dollar tax cut? The U.S. Senate apparently thinks so." Read more http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/4tmZmjkJsok/ http://www.cbpp.org/cms/?fa=view&id=2784 Mon, 13 Apr 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2784 "...Is this the time to spend about $90 billion over the next decade to give the nation's wealthiest households a new, multi-million-dollar tax cut? The U.S. Senate apparently thinks so." Read more http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/4tmZmjkJsok/ http://www.cbpp.org/cms/?fa=view&id=2784 Mon, 13 Apr 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2784 On the whole, the budget plans that the House and Senate approved yesterday pass the twin tests of: (1) beginning to address long-term deficits, or at least not making these deficits worse; and (2) not undermining the fiscal stimulus Congress recently passed. [i] The Senate's adoption, however, of amendments that are intended both to facilitate a further large tax cut for the estates of … http://feedproxy.google.com/~r/CBPP-BudgetFederal/~3/uTHMvfV4rjQ/ http://www.cbpp.org/cms/?fa=view&id=2764 Fri, 03 Apr 2009 00:00:00 -0400 http://www.cbpp.org/cms/?fa=view&id=2764