Today’s X-Date: If the debt ceiling deal passes, the military budget goes up and IRS funding gets slashed. But if Congress doesn’t pass the subsequent spending bills, that reverses.
Budget
Posted inPolitics
As Deals Go, This Is One of Them
An X-Date special: running down the details of the debt ceiling agreement.
Posted inTAP
Centrist Democrats and Biden’s Debt Deal
Today on TAP: Biden’s debt negotiations are now caught between two contradictory strategies. Corporate Democrats add to the problem.
Posted inEconomic Policy
Reinventing the Sequester
The emerging deal would allow congressional Republicans to enact savage cuts to federal spending without having to ever specify them.
Posted inEconomic Policy
At Least Free the Debt Ceiling Hostage
Today’s X-Date PM: If the White House is so interested in a bipartisan deal, it should include a mechanism to end these crises permanently.
Posted inEconomic Policy
Republican Debt Ceiling Lies
Today’s X-Date: GOP members insist they’re worried about the national debt. It ain’t true.
Posted inEconomic Policy
The President Is Already in Litigation Over the Debt Ceiling
On today’s X-Date: The White House and its allies are acting like they must avoid a legal battle over the debt ceiling. Too late.
Posted inEconomic Policy
The Budget Farce: A Travesty in Two Acts
On today’s X-Date: Watch out for Act II, the annual budget process for the new fiscal year that begins October 1, when Democrats will be playing a weaker hand.
Posted inEconomic Policy
What Happens if President Biden Caves on the Debt Ceiling?
Today’s X-Date: A two-year spending cap is going to harm millions of Americans.
Posted inEconomic Policy
Twelve Years of Being the Most Responsible Guy in the Room
On today’s X-Date, the seeds for what is now a negotiation over how much of the budget to cut were sown during Obama’s ‘grand bargain’ phase.
