News
Politico | GOP split on budget deal
House GOP leaders have been eager to lock down support from their party to back the bipartisan budget deal and avoid yet another round of fiscal crises.
CNN Money | 5 things the budget deal doesn't do
And it's a deal that -- if passed by the House and Senate -- will avert budget brinksmanship for the next year and a half and let lawmakers focus on other things for a change.
Politico | Inside the budget agreement
The House-Senate budget bill is 77-pages of largely modest savings but also salted with a variety of “good government” reforms that could help win votes for passage.
CNBC | US budget deficit narrows in November from year ago
The U.S. budget deficit narrowed sharply in November from a year earlier, which could further reduce Washington's taste for austerity following a deal in Congress to axe spending cuts planned for next year.
Econ Comments & Analysis
CBO | Bipartisan Budget Act of 2013
The legislation, offered as an amendment to H.J. Res. 59, the Continuing Appropriations Resolution, 2014, would revise the limits on discretionary appropriations for fiscal years 2014 and 2015, allowing for higher levels of funding in those years than is allowed under the caps and budget enforcement procedures in current law. CBO estimates that, if appropriations for 2014 and 2015 equaled the revised limits, discretionary outlays would be roughly $62 billion higher over the 2014-2023 period than if appropriations for those years equaled the limits in current law.
Politico | Congressional Budget Office: Budget deal cuts deficit by $85 billion
The mix of spending cuts, new revenues and policy changes will decrease spending by $78 billion and bring in $7 billion in new revenues by 2023, CBO found. The deficit reduction will in part help pay for some new spending.
Washington Times | Another Republican budget surrender
On Tuesday night, the House and Senate Budget Committees reached a bipartisan budget deal. Congress hasn’t passed a budget in five years, but this new deal is hardly good news.
Blogs
CBO | Options for Reducing the Deficit: Discretionary Spending
CBO recently published Options for Reducing the Deficit: 2014 to 2023. That report is now available in a fully digital version, so users can search the options according to major budget category, budget function, and major program category.
