By
Chris Hellman
Posted:
|
Budget Process,
Social Insurance, Earned Benefits, & Safety Net
Actually, the fiscal cliff never left. If you thought we solved the fiscal cliff with the deal back in January (or even the more recent debt ceiling deal), you’re mistaken.
By
Chris Hellman
Posted:
|
Budget Process,
Debt & Deficit
Article II of the U.S. Constitution states that the president "shall from time to time give to the Congress information of the State of the Union."While the date is not specified by the Constitution, traditionally the State of the Union takes place in late January. This year President Obama ...
By
Chris Hellman
Posted:
|
Budget Process
The Budget and Accounting Act of 1921 requires the President to submit his budget request for the upcoming fiscal year no later than the first Monday of February. Recently, however, the White House's Office of Management and Budget (OMB) announced it will delay the scheduled Feb. 4 release of the ...
By
Chris Hellman
Posted:
|
Budget Process,
Debt & Deficit,
Health Care,
Social Insurance, Earned Benefits, & Safety Net
One of the major issues not addressed as part of the recent deal on the fiscal cliff is the future of the major entitlement programs – Social Security, Medicare and Medicaid.Entitlements are programs that pay benefits to anyone who applies for them and meets the eligibility requirements for that specific ...
By
Chris Hellman
Posted:
|
Budget Process
Last week’s fiscal cliff deal left much unresolved – no agreement on raising the debt ceiling, the fiscal year 2013 budget is still incomplete, and there was no more than a delay in dealing with one of the major components of the cliff: sequestration.
By
Chris Hellman
Posted:
|
Budget Process
Here are the top 5 things you need to know about the fiscal cliff deal enacted by Congress this week: 1) Extends the Bush-Era Tax Cuts: The Bush-era tax cuts were scheduled to expire on Dec. 31. The tax cuts benefited nearly every American taxpayer, though they offered the most ...
By
Mattea Kramer
Posted:
|
Budget Process,
Debt & Deficit
2013 and the fiscal cliff will arrive in a few hours, though today's most popular Google search is about Kim Kardashian's pregnancy. After all, we can only take so much news about something called the "fiscal cliff." But it actually makes a difference whether we're paying attention to Kim Kardashian or to what's happening in Washington.
By
Mattea Kramer
Posted:
|
Budget Process
There have been few outward signs of progress in recent days as Congress and the White House negotiate over the so-called fiscal cliff. (We prefer to call it a fiscal obstacle course.) Naturally that's led to speculation that lawmakers won't be able to strike a deal to avoid the looming spending cuts and tax increases.
By
Mattea Kramer
Posted:
|
Budget Process,
Debt & Deficit,
Health Care,
Social Insurance, Earned Benefits, & Safety Net
Last week I wrote a post called Fiscal Cliff Definition, with a simple explanation of the much-hyped, so-called fiscal cliff. (I also suggested that we call it a "fiscal obstacle course" instead of a cliff, because that's a more appropriate metaphor.) The next important question is: What's going to happen?
By
Mattea Kramer
Posted:
|
Budget Process
With all the talk in the news media about the "fiscal cliff," it seems that one important thing has been left out: A simple definition of what is the fiscal cliff. So here it is.