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    Black Friday Spending Spree (in Washington)

    American shoppers aren’t the only ones getting ready to spend big this holiday season. In Washington, members of the budget conference committee are considering several options that could increase spending by up to an additional $100 billion. What’s standing in their way is sequestration: the automatic spending cut mechanism President … More

    Congress Should Do These 3 Things in the Next 31 Days

    In the next 31 days—starting today—the budget conference committee will try to accomplish something Congress has failed to do for the past four years… Agree on a budget. But not just any budget. This one needs to tackle the key driver of spending and debt: entitlement spending. Think of it … More

    Hurricane Sandy Relief: An Early Opportunity for Budgeting

    A good test of whether the 113th Congress is likely to take budgeting seriously will come early this week, when the House considers the remainder of its Hurricane Sandy relief legislation. House conservatives are proposing several amendments that would cut enough spending to offset the $17 billion base bill (H.R. … More

    Senate Has an Un-Budget, Parliamentarian Rules

    Hats off to the Senate parliamentarian, who apparently has rebuffed the Democratic leadership’s latest excuse for failing to bring a budget to the floor—something the Senate hasn’t done for nearly three years. Since February, Majority Leader Harry M. Reid (D–NV) and his lieutenants have claimed the Budget Control Act (BCA)—spawn … More

    CBO Shows Obama's Budget Produces More Staggering Spending and Debt

    The Congressional Budget Office (CBO) estimate of the President’s budget reveals a reckless fiscal plan that shirks the spending cuts in the Budget Control Act and increases spending by more than $1 trillion over the next 10 years. It confirms that Obama is the first President to preside over four … More

    Debt Limit Increases to Nearly $16.4 Trillion

    At the close of business, the federal government’s debt limit will increase by another $1.2 trillion, the final installment in a series of hikes that started last summer. This last increase, from $15.194 trillion to $16.394 trillion, was essentially granted in the Budget Control Act (BCA) of 2011, passed August … More