Expert Sees Autumn of US Budget Brinksmanship

Published Jul 12, 2017. By John Shaw.

In an interview with Market News International (MNI), published July 12 online, The Concord Coalition’s executive director, Robert L. Bixby, discussed how Congress is likely to struggle to complete basic tasks, such as funding the federal government and raising the debt ceiling.

"It seems pretty clear that short-term crisis thinking is going to dominate our fiscal debates this summer and fall,” Bixby said.

"At this point, there is no budget process,” he added. “We basically just have ad hoc workarounds. The entire focus is short-term and we're not even dealing with short-term challenges very well."

Bixby also said it is not certain that the federal government will remain funded after Oct. 1, the start of the next fiscal year. "Congress usually manages to keep the government open, but not always,” he said. “Mistakes and miscalculations happen."