On April 15 U.S. Rep. Steve King (R-Iowa) voted in support of House GOP budget plan authored by U.S. Rep. Paul Ryan (R-Wis.), chairman of the House Budget Committee. For most of this week he’ll be strongly criticized for that vote by a new television ad campaign More…
During this, the anniversary week of the passage of the Patient Protection and Affordable Care Act, supporters and opponents offered their love or hate for the law; though largely hate got the most press. A Bloomberg Businessweek article quotes nonprofit Consumers for Health Care Choices director Greg Scandlen calling the More…
In a presentation (PDF) today, Congressional Budget Office director Douglas W. Elmendorf told the National Association for Business Economics that the gap between federal spending and revenues will likely remain “very large” when the U.S. finally returns to normal economic conditions.
Three other CBO observations given during the presentation More…
Rep. Michelle Bachmann (R-Minn.) proposed this week $400 billion in “real and necessary” budget cuts in federal spending to avoid raising the budget ceiling from $14.3 trillion. The cuts include capping increases in Department of Veterans Affairs’ health care spending and reducing Social Security Disability Income (SSDI) payments for More…
The tax cuts compromise brokered by President Obama and congressional Republicans will cost more than the 2009 economic stimulus, according to estimates from the Congressional Budget Office.
The CBO expects the tax cuts deal to cost $858 billion over 10 years, while the American Reinvestment and Recovery Act More…
Most immigration legislation is expected to stall next legislative session, as a heavily pro-enforcement House attempts to get bills past a president and Senate leadership that prefer a more comprehensive approach. Some of the measures proposed by Rep. Steve King (R-Iowa), who will most likely head the subcommittee More…
Today, Douglas Elmendorf, the head of the Congressional Budget Office, testified before the Senate Budget Committee on the subject of the Bush tax cuts. If Congress does nothing, the tax cuts expire as planned at the end of the year and taxes rise for all earners. The White House More…
Today, the Senate approved a state aid bill providing $26.1 billion in funding for cash-strapped local governments to use for Medicaid and teachers’ jobs. The provision is expected to save or create at least as many as 290,000 jobs, including 140,000 teachers’ jobs.
Yesterday, Rep. Nancy Pelosi (D-Calif.), the More…
To pay for a much-needed, job-saving and job-creating bill to help ease states’ budget woes, Democrats have made further cuts to food stamps, and for the first time ever, benefit recipients could see their monthly checks shrink.
Four months after President Barack Obama enacted the Affordable Care And Patient Protection Act, House Democrats have revived a top liberal priority that was eliminated from the sweeping health care law in the latter stages of a grueling year-long debate: the public option.
[Congress1] Armed with a new line More…
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