Understanding Complex Budget Terms and Processes: What is a Congressional Budget Resolution?
A Congressional Budget Resolution is a “blueprint” that guides fiscal decision-making in the Congress.
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A Congressional Budget Resolution is a “blueprint” that guides fiscal decision-making in the Congress.
Understanding what’s happening on Capitol Hill requires an understanding of the Congressional budget process — which is notoriously technical, complex and arcane.
The U.S. spent $187 billion on interest payments alone in 2009.
What is a balanced budget amendment to the Constitution, and how would it work in practice?
https://www.pgpf.org/budget-basics/balanced-budget-amendment-pros-and-cons
Here are principles for reform to help ensure that our budget process is conducive to fiscally responsible policymaking.
The Byrd Rule restricts what can be included in reconciliation legislation in the Senate.
Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
There is one cap for national defense and another cap for non-defense programs.
Higher short- and long-term Treasury rates mean that the federal government's borrowing costs will also rise.
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences.
https://www.pgpf.org/analysis/2023/06/debt-ceiling-update-whats-at-stake