Tag Archive: sequestration

Budget Conferees Reach an Agreement

December 11, 2013 10:46 am Published by

House Budget Chairman Paul Ryan (R-Wis.) and Senate Budget Chairwoman Patty Murray (D-Wash.) last night unveiled their much-anticipated budget agreement in time for the House and Senate to act prior to the December recess.

Simpson, Bowles Offer Detailed Deficit Reduction Plan

April 25, 2013 9:30 am Published by

On Friday,Erskine Bowles and Alan Simpson, former chairmen of President Barack Obama’s 2010 National Commission on Fiscal Responsibility and Reform, and Co-Founders of the Campaign to Fix the Debt, released a new deficit reduction plan in the hopes of reviving a debt grand bargain this year. The chairmen released an updated framework for deficit reduction in February but have now fleshed out a more detailed plan that they say would save $2.5 trillion over the next decade—or a total of $5.19 trillion when added to $2.7 trillion in deficit reduction already enacted over the past few years.

Differing Budget Resolutions Pass Each Chamber

March 27, 2013 7:28 am Published by

Last week, both the House and the Senate passed their FY 2014 budget resolutions which are significantly different, and neither of which is expected to win approval in the other chamber, leaving agreement on a broader budget package up to leadership negotiations.

Congress Passes Fiscal Cliff Deal

January 9, 2013 10:46 am Published by

Congress finally passed legislation to try and stem the damage from the so-called fiscal cliff, including several key tax provisions, however the conversation is far from over regarding sequestration and the deficit.

Fiscal Cliff Discussions Resume

November 14, 2012 1:42 pm Published by

Lawmakers returned to work this week on a host of issues. First up will be leadership elections and other non-tax issues, with action on the fiscal cliff and sequestration likely on hold until after the Thanksgiving break.

Sequestration: What it Means for Small Business

September 19, 2012 1:23 pm Published by

The Office of Management and Budget last week released a report to Congress detailing the expected impacts of sequestration on the federal budget which outlines what programs and agencies will likely be cut and by how much.