#Budget Process

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The House Budget Committee released a paper last week examining potential alternative options for budgeting as part of an ongoing effort to propose ideas to overhaul the Congressional Budget Act of 1974. The paper examines four alternative approaches: performance-based budgeting,…


The House of Representatives is expected to approve a new rule requiring the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) to incorporate the estimated macroeconomic effects of major legislation into their official scores. This process, often…


Concord Coalition Executive Director Robert L. Bixby told a House subcommittee last week that switching to a two-year budget cycle would make time for better congressional oversight, improve long-term planning and help lawmakers focus on broad fiscal reforms.The testimony came…


Given the acrimonious political environment and the wide discrepancy between the House and Senate budgets, the conference committee now scheduled to report by Dec.13 begins its work with low expectations. However, if the committee approaches its task with flexibility and…


I. Introduction Federal borrowing is once again near the statutory debt limit. At the end of last year, Secretary of the Treasury Timothy Geithner notified Congress that the $16.394 trillion limit had been reached and that his department would begin…


Efforts by the bipartisan “Gang of Six” in the Senate to forge a comprehensive budget deal have received vigorous support from members of The Concord Coalition's Board of Directors who have previously served in Congress.“The cooperative approach taken by the…


As the President and Congress consider deficit reduction options and an increase in the debt limit, budget process proposals have recently become popular on Capitol Hill. (more…)


Under Paul Ryan’s budget plan, the country’s three big entitlement programs – Social Security, Medicare and Medicaid – would make up a larger share of non-interest federal spending than they would under the budget President Obama proposed earlier this year.It…


* Updated based on the CBO Preliminary Analysis of the President’s Budget released on March 18 As the new chairman of the House Budget Committee, Paul Ryan faces a daunting task in producing a budget resolution that satisfies the policy goals…


Appropriations remain on the agenda this week as Congress considers yet another short-term continuing resolution (CR). A new CR is necessary to prevent a government shutdown when the current one expires this Friday.After the Senate last week rejected both a…


President Obama’s Fiscal Year 2012 budget is not a bold policy proposal. It is an oddly complacent budget for a situation that requires anything but complacency.Faced with a growing chorus of warnings from official and unofficial sources that we are…


After John Boehner (R-OH) was formally elected speaker of the House of Representatives last week, the first order of business was approving rules to govern the House during the 112th Congress. The House quickly adopted a rules package making several…

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