Congress’ Next Slugfest: Debt Ceiling, 3 Battling Budgets
Now that the government is funded through September, Congress must tackle the debt ceiling and three separate budgets, says Andy Friedman of The Washington Update.
Congress Gets Ready to Tackle Tax Reform, Budget
Congress is abuzz with activity this week as lawmakers start overhauling the tax code and plan to finish a continuing resolution to fund the government.
As Sequester Kicks In, Here’s What Happens Next
Government workers should brace themselves for "mass furloughs" starting in April, Joe Lieber of Washington Analysis says.
Sequestration Cuts Imminent; Government Shutdown Looms
As the nation braced for the $85 billion in sequestration cuts to kick in on March 1, Joe Lieber of Washington Analysis laid out the “numerous tools available” to blunt sequestration’s impact.
Obama Presses for Delay, but Sequestration Cuts Imminent
President Barack Obama urged Congress Tuesday to delay the looming sequestration cuts by passing a package of both spending cuts and tax hikes, but reports said Wednesday that Obama’s plan was DOA in the House.
Obama Says Cliff Deal ‘in Sight’
Speaking from the White House, President Obama said Monday afternoon that a deal to avert the fiscal cliff--at least making sure taxes don't go up on middle class Americans--is "in sight."
Lawmakers Head Back to Work With Fiscal Cliff Looming
El-Erian and Lieber of Washington Analysis weigh in on the proper course to avert automatic cuts on Jan. 1.
Student Loan Rate Hike Averted in Highway Bill Compromise
A bipartisan agreement was reached late Wednesday on a federal highway bill that includes provisions to prevent student loan rates from doubling and makes adjustments to defined benefit funding requirements.
Post-Election Estate Tax Fix?
Tax issues will figure prominently in the goings-on in Washington this presidential election year, with the consensus among tax specialists being that Congress is most likely to address the estate tax when it decides late this year whether to extend the Bush tax cuts.
Payroll Tax Cut Deal Reached in Congress
Congressional leaders said late Wednesday they had reached a tentative agreement on a payroll tax cut; legislation likely will be ready for President Obama’s signature by the end of the week.