OMB

In a call with reporters this morning, Office of Management and Budget Director Peter Orszag conceded that cap-and-trade climate legislation would not be included in the federal budget, after congressional Democrats made cuts to the president’s budget proposal yesterday.
Orszag noted, however, that the Making Work Pay tax credit to low-income households — to be raised [...]

The Congressional Budget Office has conducted an analysis of President Obama’s budget proposal and now projects a $1.8 trillion deficit this year, up from a $1.2 trillion projection in January.
“As estimated by CBO and the Joint Committee on Taxation, the President’s proposals would add $4.8 trillion to the baseline deficits over the 2010–2019 period,” CBO [...]

It’s really, really, really difficult to be optimistic about cutting Pentagon waste. There is a massive amount of entrenched interests — in the services, on the Hill, among the hordes of defense firms just across the Potomac — that exist to ensure the safe delivery of defense contracts to well-heeled and politically connected companies, with [...]

After President Obama outlined an ambitiously reasonable cap-and-trade program for reducing carbon emissions in his budget proposal last week, the White House made the mistake of sending an accountant to defend it on the Sunday chat shows.

Remember earlier this month, when the White House’s Office of Management and Budget told the Pentagon to cap its forthcoming fiscal 2010 budget at $527 billion, excluding the cost of the Iraq and Afghanistan wars — an increase from the $513 billion appropriated in the final year of the Bush administration? But because the figure [...]

Josh Rogin of Congressional Quarterly does a great job fleshing out some of the budget-backstory between the Defense Department and the Office of Management and Budget that I alluded to in this post.
Basically, OMB told the Pentagon late last week that it wasn’t going to accept the fiscal 2010 budget request, written during the final [...]

President-elect Barack Obama today announced the creation of a new position to work in conjunction with the Office of Management and Budget to increase the “efficiency, transparency and accountability” of federal agencies.
During a news conference at the Obama-Biden transition office in Washington, Obama named Nancy Killefer, a former Treasury official in the Clinton administration, to [...]