The Congressional Budget Office (CBO) has updated its January “The Budget and Economic Outlook: 2019 to 2029,” and to what should be no great surprise, the U.S.’s projected fiscal condition is, well, not good. To anyone monitoring the CBO’s economic and budget updates, this is really not news. Nor is the insistence of some that … Continue reading “I’m Shocked, Shocked To Find That Gambling Is Going On In Here”
Tag: federal budget
What’s PAYGO; And, First Cracks In Budget Deal Kumbaya
For those afflicted individuals like me who actually read legislation, one may have stumbled upon some intriguing language in the “Bipartisan Budget Act of 2019” (P.L. 116-37): Effective on the date of the enactment of this Act, the balances on the PAYGO scorecards established pursuant to paragraphs (4) and (5) of section 4(d) of the … Continue reading What’s PAYGO; And, First Cracks In Budget Deal Kumbaya
Appropriators Have Work To Do
Now that Congress and the White House have agreed on the FY 2020 top line numbers for defense and non-defense discretionary spending, both the House and Senate need to adjust the numbers they have put forth as their working caps. The House did not pass a budget resolution and instead passed a deeming resolution (H.J.Res. … Continue reading Appropriators Have Work To Do
BCA Spending Caps and FY 2020 and 2021
With the Congress and the President having finally agreed on funding for FY 2019, many policymakers in the legislative and executive branches have turned their thoughts to the caps on discretionary spending for the next two fiscal years, especially now that the President’s budget was submitted today. First, it must be noted that these will … Continue reading BCA Spending Caps and FY 2020 and 2021
Michael Kans 