#Discretionary Spending

The “penny plan” to reduce spending by one cent on every dollar (one percent a year), which has been bouncing around Washington for years, got renewed attention recently from Republican presidential nominee Donald Trump. (more…)

Congress is returning from its lengthy recess to a depressingly familiar situation for this time of year: The budget process has broken down and lawmakers have only a few weeks to reach agreement on legislation needed to keep the government…

Defense Secretary Chuck Hagel says the military is “challenging every past assumption, every past formula” in trying to reorganize itself for 21st century challenges in the face of a rapidly tightening budget.Uncertainties about sequestration and the Fiscal 2014 budget in…

As the President and Congress consider deficit reduction options and an increase in the debt limit, budget process proposals have recently become popular on Capitol Hill. (more…)

Under Paul Ryan’s budget plan, the country’s three big entitlement programs – Social Security, Medicare and Medicaid – would make up a larger share of non-interest federal spending than they would under the budget President Obama proposed earlier this year.It…

* Updated based on the CBO Preliminary Analysis of the President’s Budget released on March 18 As the new chairman of the House Budget Committee, Paul Ryan faces a daunting task in producing a budget resolution that satisfies the policy goals…