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Obama Budget Sees Deficit Reduction From Health Law

March 5, 2014
Alexis Simendinger | Real Clear Politics
President Obama told Congress Tuesday the nation could inch closer to a balanced budget in a decade, thanks (in part) to billions of dollars in savings made possible through provisions of the Affordable Care Act. The president may see the proof he seeks before leaving office in 2017, but experts say it is still too soon to calculate how the embattled 2010 law will impact the overall budget in 2024. Obama, who sent Congress his budget blueprint for the year that will begin Oct. 1, touted the downward trend in federal health care spending achieved as the health reform law has been implemented.
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Obama Budget Would Expand Low-Income Tax Break

March 4, 2014
Jackie Calmes | The New York Times
When President Obama releases his proposed annual budget on Tuesday, he will grab his best opportunity of the year to show, in one comprehensive package of hard numbers and precise detail, how he would have the government address what he has called “the defining challenge of our time” — economic inequality.
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Big or Small, Spending-Cut Efforts Hit Roadblocks

March 3, 2014
Charles Babington, Andrew Taylor | ABC News
The budget gurus in Congress have failed for years to find a grand bargain to reduce the government's long-term debt, so this year they decided to go small. Just 1 percentage point would be shaved from the annual cost-of-living increase in military pensions for veterans under age 62.
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Why Lawmaking on a Grand Scale Is a Dying Art

February 26, 2014
Janet Hook | Wall Street Journal
When Rep. Dave Camp (R., Mich.) laid plans to unveil a big tax reform bill this week, it was as if he was operating in some kind of time warp. No one seemed to have told the Ways and Means Committee chairman that Congress isn’t doing much legislating any more. And it hasn’t been for some time. Having enacted just 72 laws in all of 2013 – one of its least productive sessions ever – Congress is not just gridlocked. It is getting rusty at the art of legislating.
Sen. Harry Reid
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Reid and McConnell agree: Tax overhaul will be difficult

February 26, 2014
Susan Davis | USA Today
Senate Majority Leader Harry Reid, D-Nev., and Senate Minority Leader Mitch McConnell, R-Ky., don’t agree on much, but they found common ground Tuesday when they dampened expectations for an overhaul of the federal tax code this year.
Gwen's NewsHour Reports

Lawmakers work toward budget compromise, but remain split on jobless benefits

January 15, 2014
The House of Representatives passed a bill to fund the government short-term while they finish work on a long-term bipartisan plan to fund the government through September. Kwame Holman reports on the details and concessions of the $1.1 trillion budget package and Gwen Ifill gets analysis from Ed O'Keefe of The Washington Post.
Congress
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The Era of Big Legislation is (Almost) Over

January 13, 2014
Ed O'Keefe, Sean Sullivan | The Washington Post
Today, negotiators are expected to unveil a more than $1 trillion omnibus spending bill to fund government operations for the remainder of the fiscal year that should be easily passed by the end of the week. Later this month, a conference committee is expected to put the finishing touches on a long-delayed Farm Bill. And completion of those two big bills will come just a few weeks after Congress passed a bipartisan budget agreement with very little resistance.

Budget Breakthroughs, White House Shake-ups, and John Kerry's Diplomatic Dealings

December 13, 2013
The House approves a bipartisan budget bill, Obama's key staff changes, Kerry's diplomatic challenges

Post-Shutdown Washington: Political Divides & Dysfunction

October 18, 2013
The U.S. Government shuts down, the debt ceiling debate continues & the health insurance
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