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A Few Thoughts on the Debt Limit Deal
I guess I’ve been following this for so long that I knew where the deal on the debt limit was heading, so I may not be as dismayed as the rest of the progressive world today. This was my expectation...
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Catfood Commission II More Likely to Generate a Bad Deal than Fail
David Farenthold explains that joint committees don’t really work, and we shouldn’t expect this one to work either. According to the latest plans, committee members would only have a few months to...
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States, Everyone in Them, Country Screwed By Debt Limit Deal, Fiscal Policy Path
(photo: aussiegall) We’re starting to get the hard numbers on what the debt limit deal, which passed the House yesterday and will pass the Senate today, would mean for the US economy. It’s really not...
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Market Volatilty Over Economic Woes
At this writing, the stock market is down nearly 400 points. It’s entirely possible that it could go back up to even, get into positive territory by the end of the day, or bottom out even lower. I...
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OMB Plans to Stretch FEMA Funding to the Next Showdown
Congress narrowly avoided the potential crisis of a government shutdown, because FEMA found enough funding to last through Fiscal Year 2011, which ends this week. This eliminated the need for emergency...
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McConnell Defies House GOP, Votes for Discretionary Spending at Previous Target
Mitch McConnell has often differed from the House GOP’s hardline stance on the federal budget. He was the one who came up with the Rube Goldberg-like “resolution of disapproval” process on the debt...
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Murray Amendment to Request Study on Trigger Cuts Passes in Farm Bill
The Senate did pass the farm bill yesterday, but included in the package was an amendment from Patty Murray that will force the executive branch to give more information on how they plan to handle the...
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Large Coalition Fights Trigger Cuts to Discretionary Budget
In the first sign that the battle is being joined against the automatic trigger cuts on the discretionary and not just the defense side of the ledger, 3,000 organizations have banded together in a...
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House Progressives React Against Grand Bargain, but Less Vocal on...
The Hill reports today on House liberals pushing back on any rush to a grand bargain that cuts social insurance programs in the process. Members of the Congressional Progressive Caucus (CPC) are...
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OMB Issues Report on Sequestration: “Deeply Destructive”
The Office of Management and Budget has released its Congressionally mandated report under the Sequestration Transparency Act, designed to explain how the Obama Administration would execute the...
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