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Yesterday the Congressional Budget Office (CBO) released its revised update that projects the federal deficit increasing this year to $544 billion, $130 billion higher than its August estimate, and $105 billion more than last year’s deficit. It will equal 2 cialis 20mg fta 4.9% of GDP, and will be the
Having tried and failed for five years, congressional Republicans last night finally passed and sent to the president a bill to repeal the Affordable Care Act, fully knowing they don’t have the votes to override a certain veto. Although the House had already voted 61 times to repeal Obamacare, Republicans
In addition to providing a two-year budget framework, the 2015 Bipartisan Budget Act is far kinder to federal employee pay and benefits than the 2013 Ryan-Murray agreement. It’s also kinder than the FY 16 congressional budget resolution, which would have made sharp cuts to feds in the workplace. The 2013
It’s hard not to think that yesterday’s dugout fight between Washington Nationals Jonathan Papelbon and Bryce Harper isn’t somehow a reflection of what’s going on only a few blocks away on Capitol Hill; and manager Matt Williams will likely soon be joining Speaker Boehner on a Florida golf course. The
Although no one expected any of the 12 appropriations bills to even be considered on the Senate floor, the House passed six of the spending bills and was on its way to passing two more before the August recess. Although Republicans have 54 seats in the Senate, it’s well short
GAI Enters the 21st Century: Follow Us on Twitter and Facebook 2015 marks the 50th year that GAI has been conducting congressional classes for federal personnel. It seems a fitting time, then, that we embrace new social media technologies to enable our alumni and other readers to more effectively keep
On Monday the Congressional Budget Office issued its new Budget and Economic Outlook: 2015 to 2025. There’s good news and bad news. The good news is that deficits have come down dramatically since the record $1.2 trillion deficit in FY09, to $483 billion in FY14, and will shrink even more
A major decision point facing the 114th Congress will be how to deal with federal spending beyond the end of the current fiscal year. The December 2013 Ryan-Murray agreement raised baseline discretionary spending by about $9 billion per year for FY14 and 15, but expires at the end of the
Although the current continuing resolution (CR) expires in just six weeks, and Congress isn’t scheduled to return for another two weeks, no one is mentioning the “S word” (shutdown) this year. Instead, the question seems to be whether Congress will be able to pass an FY15 omnibus bill, or whether
Yesterday the Congressional Budget Office issued its preliminary deficit projection for FY 2014, estimating a deficit of under a half trillion dollars. The FY14 deficit of $486 billion would be $195 billion under last year’s deficit, and the fifth consecutive year that the deficit has fallen as a percentage of
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