Back Home About Us Contact Us
Town Charters
Seniors
Federal Budget
Ethics
Hall of Shame
Education
Unions
Binding Arbitration
State - Budget
Local - Budget
Prevailing Wage
Jobs
Health Care
Referendum
Eminent Domain
Group Homes
Consortium
TABOR
Editorials
Tax Talk
Press Releases
Find Representatives
Web Sites
Media
CT Taxpayer Groups
 
Federal Budget
Keep Up to Date on the Federal Budget and More with The Fiscal Times

 

 

 

Keep Up to Date on the Federal Budget and More with The Fiscal Times

 

Visit the Following Frequently

 

 

Federal Budget | The Fiscal Times

 

Policy + Politics | The Fiscal Times

 

Big Decisions | The Fiscal Times

 

Obamacare | The Fiscal Times

 

 

 

 

Billions in Unfinished Business as Congress Heads Out for Vacation

 

 

By Eric Pianin July 29, 2015 The Fiscal Times

Although the new Republican-dominated Congress can point to a number of bipartisan successes – including new fast-track Pacific Rim trade legislation and a long-overdue revision to Medicare’s reimbursement policies for doctors – a shocking array of must-pass fiscal and budget legislation will remain while lawmakers celebrate the month-long August holiday.

“Congress is not getting its job done because it’s too polarized and its ordinary processes have broken down,” said Alice Rivlin, a former director of the Congressional Budget Office and a senior economist at the Brookings Institution. “There have been lots of promises [of an improved legislative system] but it’s not happening. It’s very discouraging.”

The list of crucial unfinished business as the summer recess begins later this week is remarkably long and weighty:

  • About $1.1 trillion of discretionary spending bills critical to operating the government in the coming year are trapped in a dispute between GOP leaders and President Obama over new spending levels. At issue is whether to lift tight spending caps on both domestic and defense programs, as Obama is demanding, or only lift them for defense programs, as the Republicans insist.
  • The House and Senate have feuded for weeks over new legislation to fund highway and bridge construction and other infrastructure projects. Senate Majority Leader Mitch McConnell (R-KY) has pressed for nearly $50 billion of new spending over the next three years while House leaders prefer just a three-month extension while they explore alternatives for paying for longer-term legislation.
  • Congress allowed the charter of the U.S. Export-Impact Bank to expire June 30 – a decision that abruptly called a halt to all new loan guarantees to foreign customers of U.S.-exported goods. The House and Senate are at odds over whether to renew the bank’s authorization and, if so, how to go about doing it.

Continue reading at ….. http://www.thefiscaltimes.com/2015/07/29/Billions-Unfinished-Business-Congress-Heads-Out-Vacation

 

 

 

 

Related: A Revolutionary Budget Proposal for Congress: Do Your Work on Time!