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BUDGET DIGEST: BCA Budget Caps Hearing

On February 7, 2019, the House Budget Committee held a hearing entitled Investing in America’s Economic and National Security, to discuss the defense and non-defense…

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Budget Digest: BCA Budget Caps

In August of 2011, President Obama signed the Budget Control Act of 2011 (BCA) into law. The BCA established a process to increase the debt…

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Macroeconomic Scoring

Macroeconomic scoring, also known as dynamic scoring, incorporates the indirect, or secondary, effects of legislation on the economy. For example, a macroeconomic score of tax…

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Mechanics of a Government Shutdown

Nearly all federal agencies rely on annual funding through appropriations made by Congress. Each year, there are 12 appropriations bills that Congress must pass and…

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