Over at the CBO Director's Blog, discussion centers around the advantages and disadvantages of implementing a capital budget at the federal level. The CBO's director -- Peter R.
It's the old Hollywood story: Actor gets rich and famous. Actor attracts an entourage of self-serving, unsavory associates. Actor gets himself into lots of trouble.
The Senate tossed its paygo problem back to the House last night, passing a fix to the alternative minimum tax without a tax increase or anything else to offset the $50 billion cost.
There are two developments in the news that are likely to feed into long-running debates:
It's one of those "what-if" scenarios that will probably never come to pass, but the Congressional Budget Office released a paper yesterday analyzing what would happen if the government tried to solve its long-term fiscal problem just by raising taxes.
Heritage's Brian M.
You can't tell the players without a scorecard, which is why Congressional Quarterly's take on the inside-the-Beltway angles surrounding this week's budget maneuvering is pretty handy.
Democratic leaders say they want to have a budget resolution by next Friday.
Tax Day is two days later than usual this year, thanks to a public holiday in the District of Columbia (and, indirectly, Abraham Lincoln).
Not too badly, but still needs improvement, according to the GAO. (The link's a PDF file, by the way).
We asked students at American University to blog on the budget and the nation's fiscal future. See what they wrote in the Facing Up blog carnival.
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