Washington Watchers See a Lull in Budget Wars
Noting that it's an election year, Washington analyst Greg Valliere predicts the next Congress will be "more conservative than this one."
Taxing Matters for the New Year
Two lawmakers struck a two-year budget deal in mid-December, just days shy of the budget conference committee’s Dec. 13 deadline to find a way to keep the government running beyond the expiration of the current continuing resolution (CR) on Jan. 15.
Budget Bill Nears Senate Passage
The Senate advanced the measure over a filibuster threshold on a 67-33 vote, ensuring it will pass the chamber no later than Wednesday.
Pension Advocates Blast Budget’s Premium Hike
“It is simply unacceptable that members of Congress of both parties...view pension plans as a piggy bank," American Benefits Council president says.
Budget Deal Heads for Likely House Passage
Speaker John Boehner criticized conservative groups for opposing it; Senate Majority Leader Harry Reid said "neither side got everything it wanted."
Senators Say Retirement Planning Is a Growing Priority
“Too many Americans make decisions by inaction, and they need investment advice,” said Sen. Ben Cardin.
Oops! Reinhart-Rogoff Research Tripped Up by Typo
A simple Excel spreadsheet error punches a hole in a highly cited economic paper by Carmen Reinhart and Kenneth Rogoff that has been used to bolster policies favoring restraint in government spending.
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.
Retiree Entitlements ‘Undermine’ Everything Else: Robert Samuelson
Washington Post columnist Robert Samuelson took a scorched-earth approach on Monday to what he sees as out-of-control entitlement spending.
Paul Ryan’s Budget: Something for Everyone (to Criticize)
"The president promises big government and Ryan promises smaller big government,” a Cato Institute analyst says, while others say cuts are still too big.