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Normally, we remember what we were doing when great triumphs or tragedies take place on the world stage. Fiscal policy is not typically on that list of events. And yet, I remember clearly what I was doing in the lead up to Treasury’s “X date” in 2011. I was in
The partisan and intra-branch posturing on the debt ceiling, on display since January, has finally yielded actual legislative text. Last week Speaker Kevin McCarthy successfully shepherded his conference to pass a debt ceiling bill, accurately characterized as a “bare-minimum victory on a doomed bill.” This description of the House GOP’s
President Biden released the President’s Budget last week and with it, the federal appropriations process has lurched to a start. In the modern era, we have come to expect to see late introduction of the President’s budget, forgoing passing a budget resolution by the budget committees (“deeming” them instead), and
As Kevin McCarthy brokered with conservatives to win the speakership, he made a series of promises to significantly revamp the budget and appropriations processes. Among them were commitments to pass a budget that balances in 10 years, consider and pass each appropriations bill individually (rather than in “minibus” or “omnibus”
Guest Post by Lieutenant Colonel Timothy Cabana For the national security community, the calendar year has dawned with an $858 billion National Defense Authorization Act (NDAA) and an omnibus funding bill passed in late December. But what may have felt like a Christmas miracle to congressional staffers scurrying home belies
Why walk when you can fly? As the 117th Congress pushes into its lame duck session, party leaders consider an ambitious array of bills, and historically, it’s not unusual for such sessions to feature major legislative items. While lame ducks of the past decade or two have typically been marked
Every even-numbered year in the U.S., some politician or pundit will proclaim that “this is the most important election in our lifetimes!” This news is often met with yawns by the weary public, even among those who bother to vote. But when a respected appellate court judge declares that a
A bar graph haunts Washington. You know the one. Its jagged teeth notch losses for the President’s party in every post-WWII midterm House election, all except two. Those electoral projections have been a moving target this year, and in many respects we are living in unusual times. But the ultimate
On August 24th, President Biden announced a plan to provide student loan debt relief. The policy will include debt cancellation of up to $20,000 for Pell Grant recipients and up to $10,000 for non- Pell Grant debt, for anyone with an income less than $125,000 ($250,000 for married couples). In
By Professor Julia Azari, Marquette University Presidential power is a bit at odds with democracy. Presidency scholars have noted this for years, suggesting that “greatness” is often uncomfortably close to the kind of norm-busting, authoritarian action that our constitution is supposed to avoid. Presidents also face a dilemma about
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