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Budget Digests
Budget Digest
BUDGET DIGEST: Members' Day Hearing
What is Members’ Day? Section 301(e)(1) of the Congressional Budget and Impoundment Control Act of 1974 (Budget Act) calls for the House and Senate Budget…
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BUDGET DIGEST: The President's Fiscal Year 2021 Budget Request
What is the President’s Budget Request? Yesterday, the Trump Administration submitted its formal budget request for fiscal year (FY) 2021 to Congress. While Congress holds…
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BUDGET DIGEST: The United States-Mexico-Canada Agreement
Budget Digest: The United States-Mexico-Canada Agreement Last week, President Trump signed into law the United States-Mexico-Canada Agreement (USMCA) which modernizes the decades-old North American Free…
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BUDGET DIGEST: CBO Budget and Economic Outlook
The Congressional Budget and Impoundment Control Act of 1974 (Budget Act) requires, on an annual basis, the Congressional Budget Office (CBO) to provide the House…
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BUDGET DIGEST: Federalism and the Federal Budget
What is Federalism? Federalism is the sharing of power between a central authority and its constituents – in the case of the United States, the…
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Budget Digest: What is Budget Season?
The congressional “budget season” typically refers to the critical months between February and April when key events occur that contribute to the construction and congressional…
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BUDGET DIGEST: SNAP Reform
Last week, the U.S. Department of Agriculture (USDA) finalized a rule to improve work requirements for the Supplemental Nutrition Assistance Program (SNAP), the federal government’s…
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BUDGET DIGEST: Improper Payments
Unfortunately, the federal government continues to waste significant amounts of taxpayer funds through mismanagement. Improper payments are defined by the Government Accountability Office (GAO) as…
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BUDGET DIGEST: Why the Debt Matters
The Federal Debt is on an Unsustainable Trajectory. The publicly-held debt has averaged 42 percent of gross domestic product (GDP) over the last 50 years;…
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