This month’s budget breakfast group meeting was even more extraordinary than usual for one reason: The same people who typically analyze what’s ahead on the budget with remarkable precision months before it happens all basically admitted that the current situation is as complex, hard to read, an...
It now looks like the Senate on Wednesday will pass the "no budget no pay" version of the debt ceiling increase that has already been adopted by the House.
Given what happened in July 2011 when they decided to do the opposite (you remember the anything-but-super committee, right?), we should all be happy House Republicans have agreed that this […]
Over at The Plum Line, Greg Sargent has an important post about the way the debt ceiling fight could end without triggering a cash-crunch crisis for the federal government.
Politico had an outstanding but truly bone-chilling story yesterday about how appealing the prospects of a default and a government shutdown may be to House Republicans.
Given my stellar record for 2012, I should probably retire now while I’m at the top of my game. Not taking my own advice, here are my fearless budget forecasts for 2013.
With 17 days as the crow flies before it happens, it's time for me to do something I've been resisting for a week or so: formally increase my odds that we'll go over rather than avoid the fiscal cliff.
Whatever Congress and the White House do in the next couple of weeks will reinforce the case for tax reform.
There's really not much new to say about the fiscal cliff except that, as of today, we're now three weeks away from it happening.
Originally posted at Capital Gains and Games. I hate to say I told you so, but… I predicted as far back as May (here, here and especially here) that House Speaker […]
The offer made yesterday by House Republicans to the White House to avoid the fiscal cliff got all the headlines, but there were two reasons why it wasn’t the most […]
Originally posted at Capital Gains and Games. I first posted about the budget dilemma Hurricane Sandy presented to congressional Republicans in general and House Speaker John Boehner (R-OH) on October 31. At that time I said there were three questions. The questions are now starting to be answered.
Without the White House and House Republicans seeing eye to eye — and they still definitely don’t — we’re no closer to a deal to stop the fiscal cliff than we were before the start of the Thanksgiving recess.
Congressional Republicans in general and House GOP'ers in particular have been saying since Election Day 2010 that the Gingrich Republicans of the mid-1990s compromised too early with Bill Clinton on the budget and would have gotten much better deals if they had only held out longer.
Originally published at Capital Gains and Games. The Dow Jones Industrials Average was in negative territory on Friday morning when congressional leaders emerged from their first fiscal cliff meeting at […]
Originally posted at Capital Gains and Games. Last week’s election results did not change my opinion that we’re more likely to go over the fiscal cliff than to avoid it. […]
You haven't heard much.
The mainstream media and blogosphere lit up like Christmas trees yesterday when 80 CEOs came together to call on Congress and the president to agree on a comprehensive deficit reduction […]