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.
After Obama Victory, How the New Government Is Shaping Up for Advisors: Updated
Some notable newcomers—Elizabeth Warren, for one—join Congress, which remains divided between the two parties as fiscal cliff, tax issues come to fore of national agenda. FPA and FSI's leaders and lobbyists weigh in on what's next.
11 Key Congressional Committees for Advisors to Worry About
As the election approaches, not just the White House and Congress are in play, but also control of congressional committees important to advisors and others in the financial services sector.
Deficit Supercommittee Fails to Make Deal
While not officially declaring defeat, the deficit supercommittee remains in a partisan deadlock and had failed by Monday to reach a deal.
Deficit Supercommittee: Are You Ready for More Political Football?
Everything you wanted to know about the Congressional supercommittee, and when its recommendations need to be made.
Senate Republicans on Finance Committee Urge Deficit Panel to Make Changes
Republican senators' recommendations to the Joint Select Committee on Deficit Reduction include repealing the Alternative Minimum Tax and the health-care law and reforming Social Security.
CBO Chief Warns Deficit Committee: Tax Policy on Road to Ruin
CBO Director Douglas Elmendorf testified before the congressional super committee on deficit reduction, saying the economy will not be able to sustain its current level of spending with the tax cuts now in place as the population ages and health-care costs grow.
Deficit Reduction Committee Gets to Work
Congress’ solution to the debt limit crisis and rising deficits is fully operational, but many are left wondering whether the bipartisan Joint Select Committee on Deficit Reduction is capable of fulfilling its mandate.
Congress’ Deficit Panel Talks Echo Fraught 1990 Budget Deal: News Analysis
Democrats on the Super Committee charged with proposing $1.5 trillion in deficit reduction are citing as precedent a 1990 budget deal that raised taxes but may have doomed President George H.W. Bush's re-election prospects.