News
CNN Money | Surprise! Budget mess rolls on Congress and the White House took another few steps away from conducting a well-reasoned, bipartisan budget process on Wednesday, as Democrats and Republicans let loose another round of ultimatums and rhetorical bombs.
Market Watch | Congress continues smoke-and-mirrors on budget Senate Democrats have opted for a smoke-and-mirrors strategy on the budget, as committee chair Kent Conrad this week resurrected the “bipartisan” Bowles-Simpson plan for discussion in lieu of proposing any real spending or tax measures.
Econ Comments & Analysis
CBO | The Economic Impact of the President's 2013 Budget Each year, after the President releases his annual budget request, the Congressional Budget Office (CBO) analyzes the proposals and, using its own estimating procedures and assumptions, projects what the federal budget would look like over the next 10 years if those proposals were adopted.
Politico | Senate gets bipartisan on spending levels With the blessing of top Republican leaders, the Senate Appropriations Committee gave quick approval Thursday to spending allocations for the coming year—consistent with the August debt deal but also significantly higher than the levels set by the House GOP for domestic programs.
Blogs
Heritage Foundation | Chairman Conrad’s Embarrassing Quasi-Budget The Senate Budget Committee stretched a few definitions in announcing yesterday’s “Mark-Up of the Concurrent Resolution on the Budget for Fiscal Year 2013.” Turns out it’s not really a budget resolution, per se, and there will be no formal committee action on it—no amendments, no vote, no real committee-adopted fiscal plan. Thus, April 29 will complete the third full year since the Senate last passed a budget resolution.
