October 2, 2014

Blogs

Seizing the Moment on Health Care Costs

A recent report by the President’s Council of Economic Advisors (CEA) reviewing the recent slowdown in health care costs examined its potential causes, its sustainability and the economic impact going forward.

Senator King Serves Up a ‘Grande’ Plan on the Budget

Sen. Angus King (I-Maine), a member of the budget conference committee, on Tuesday released a proposal that replaces roughly half of the sequestration scheduled through 2021 with savings from mandatory spending and revenue from ending corporate tax expenditures.

The Right Approach: 'Challenging Every Assumption' on Defense Budget Priorities

In recent interviews and speeches, Defense Secretary Chuck Hagel says the military is “challenging every past assumption, every past formula” for allocating budget resources as he tries to reorganize the military for 21st century challenges in the face of a rapidly tightening budget.

In Quest for a Grand Bargain, Lawmakers Can't Skip the Bargaining

Who says that Democrats and Republicans can't reach a grand bargain?

Harry Reid and Paul Ryan seem to have it figured out. If Democrats and Republicans don’t demand compromises from each other, everyone can get along. It’s the perfect political grand bargain: Do nothing.

Unfortunately, that could easily become a self-fulfilling prophecy.

We Need Less Bombast and More Breathing Room

We will soon see whether there is any remaining capacity in the U.S. political system to reach compromise across partisan lines for the common good.

Republican congressional leaders say that if President Obama wants the government to reopen and the debt limit to be increased he will have to make concessions on spending and agree to negotiate a long-term deficit reduction deal. Obama says he will not negotiate anything until the debt limit is raised and the government reopened. After that, he’ll talk.

Budget Experts Call for Stronger Political Leadership – and a Little Less Stupidity, Please

Reflecting the sour public mood towards Washington, a panel of experts on the federal budget described themselves Thursday night as worried, puzzled, frustrated and disappointed as the fiscal stalemate dragged on.

They faulted top political leaders and other elected officials in both parties for irresponsibility, inflexibility and, in some cases, a lack of common sense.

The Right Budget Deal Could Help Curb Government’s Rising Interest Costs

Lawmakers struggling with the Fiscal 2014 budget will face an even tougher challenge funding the government in future years as interest payments rise to record levels, squeezing other parts of the budget and making it more difficult to quell rising deficits.

Although slow economic growth and Federal Reserve monetary policies have kept interest rates at record lows in recent years, the Congressional Budget Office (CBO) expects rates to rise steadily in the coming years, making interest payments the fastest growing part of the federal budget.

Lots To Do, Little Time To Do It In

Syria is not the only challenge Congress faces as it returns to Washington from its August recess. Monday was the first of only nine legislative days that both the Senate and House of Representatives will be in session before the fiscal year ends on Sept. 30. Congress will need to approve a spending plan before then and take action on the debt limit not long after that.

Eight Reasons Why America’s Fiscal Worries Aren’t Over

This year will mark the end of a four-year string of trillion-dollar-plus federal deficits that have troubled the American public and caused turmoil on Capitol Hill.

Despite Difficulties, There's Still Hope for a Grand Bargain

Developments on the budget front last week demonstrated both the difficulty of achieving a grand bargain and why it may not be totally out of reach.  

First, the difficulty.