Mike &. Co., Congress adjourned for its annual August recess two weeks earlier than usual because of the convention schedule. Congress’ stalled appropriations process is a rather unwelcome state of fiscal affairs, as both the White House and the Congressional Budget Office released projections on the budget this week, with the latter estimating that long-term …
Mike & Co., Late last night, the House passed the Financial Services and General Government Act, a $21.7 billion FY17 appropriations measure. The House considered dozens of amendments Wednesday and Thursday, several of which would make sweeping changes to DFA and financial regulation generally. It is hard to say if any of these provisions would make it into the Senate bill or be added …
The House Financial Services FY17 Approps. Bill (July 8) Read More »
Mike & Co., House Appropriations cleared an FY17 spending bill today that would limit SEC and IRS funding, block financial regulations, and add a new section to the bankruptcy code. Today’s voting also included an amendment that restricts CFPB funding for its Pay Day Loan rules until the organization submits a report to Congress on …
Mike & Co. –- As we turn the corner into summer, the FY2017 budget making process thus far this year looks very familiar — appropriations bills are readied for House consideration even without a finalized budget resolution to guide them. The Senate has begun to replace the text in older appropriations measures from last year, …
Mike and Co. – Five years ago, the first baby boomers turned 65. Since then, the number of retirees in the U.S. has increased by the population of New York State — and growing at a rate of new 10,000 retirees every day. Between 2010 and 2030, the number of Americans older than 65 is expected …
Mike & Co. – With both Houses back in session, the Hill is alive with the sound of hearings. Of the many hearings of note this week (ten of which are listed at the end of the update), the most timely is on Wednesday, when Senate Budget Chair Mike Enzi holds the second in a series of …
Mike & Co. — House and Senate leaders are pursuing different legislative strategies as Congress continues to make progress on a fiscal year 2017 budget for the U.S. government. One chamber is processing down the good governance path of regular order, with Appropriations subcommittee hearings by the dozens already held and a date certain for …
Mike and Co. – The soap opera that is the federal budget making process saw sone minor prima donna pratfalls this week. Nothing remotely on the scale of blocking the confirmation of a Supreme Justice. But as Senate Budget’s ranking member Sen. Cardin warned at a breakfast today, you can forget regular order on the budget — …
Mike & Co. — Today, President Obama submitted his eighth and final budget proposal to Congress. It tops the $4 trillion mark for the first time. Despite the historical tendency for lame duck presidential budgets to be treated as scrap paper — this one won’t even be accorded the courtesy of a hearing in House …
Mike & Co. — Ordinarily this time of year, you would perhaps start to spot leaks or hear scuttlebutt about the president’s spending plans for the next fiscal year, in anticipation of the statutory February White House budget rollout. No one noticed when the administration announced it would miss next week’s legal budget submission deadline. …
