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Two House Representatives Support a Two-Part Process
In a bipartisan op-ed in the Chicago Tribune, Reps. Robert Dold (R-IL) and Daniel Lupinski (D-IL) endorse a two-part process that avoids the fiscal cliff and sets up a process for Congress to enact a...
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Line Items: Back-Up Edition
Weekly Update on Budget and Fiscal Policy Developments and a Look AheadMonday Morning Quarterbacking– The Washington Redskins stayed in playoff contention Sunday with back-up quarterback Kirk Cousins...
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Fiscal Cliff Watch: White House and GOP Make Counteroffers
With the fiscal cliff only two weeks away and the upcoming holiday season, negotiations for replacing the fiscal cliff with a sensible deficit reduction plan appear to have accelerated. Over the...
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Fitch Warns of Possible Downgrade as We Approach the Fiscal Cliff
With time running out for a deal, the U.S. credit rating may be in jeopardy if lawmakers don't reach a compromise to replace the fiscal cliff. Fitch is the latest credit rating agency to warn that...
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The Looming Nightmare for the IRS and Taxpayers
The Internal Revenue Service has continued to warn Congress of the administrative consequences of going over the fiscal cliff. In another letter to the chairs of both the Senate Finance Committee and...
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Wonkblog's "Choose Your Own Fiscal Cliff Adventure"
While Speaker Boehner and President Obama attempt to bridge their differences in the fiscal cliff negotiations, you can try your hand at creating a plan using the "Choose Your Own Fiscal Cliff...
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What We Know About the Possible Fiscal Cliff Deal
It appears both sides are quite close to a deal that would avert (or at least quickly reverse) the fiscal cliff. Although negotiations remain ongoing and not all the information is public, here is what...
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The Good, the Bad, and the Ugly in the Fiscal Cliff Package
Last night, the Senate voted on and approved a package to avert most components of the fiscal cliff, which we took a preliminary review of last night. Today, however, there are many more details to...
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The House Passes the Fiscal Cliff Deal
Last night, the House passed the fiscal cliff package already agreed upon by the Senate, by a 257-167 vote. Now the bill is headed to the White House, where it is expected to be signed by President...
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How Does the Budget Look Now?
After a tense few days, or weeks for that matter, lawmakers have enacted a fiscal cliff package -- the American Taxpayer Relief Act. With budget negotiations likely laying low for a few days, we turn...
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The Economic Effects of Avoiding (Much of) the Fiscal Cliff
Update: CBO confirmedour numbers today, finding a remaining fiscal contraction of about 1 1/4 percent.The American Taxpayer Relief Act which President Obama just signed into law has averted much of the...
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The Post-Deal Long Term Outlook
So far, we have analyzed the fiscal cliff deal by looking at the good, the bad, and the ugly in the package, showing what the deal does to the budget, and estimating the short-term economic impact of...
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Eight Things You Didn't Know Were In the Fiscal Cliff Deal
The American Taxpayer Relief Act has been discussed at length in the news and on this blog, but much of the discussion has been focused on the big provisions in the law like the extension of most of...
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Al Simpson and Erskine Bowles on Meet The Press
While the American Taxpayer Relief Act has put off worries about the fiscal cliff for a month, it is clear that we missed a clear opportunity to do something about our unsustainable fiscal path. Fiscal...
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A Roundup of Our Analysis on the Fiscal Cliff Package
Over the past week, CRFB has examined the composition, budgetary effects, and economic effects of the American Taxpayer Relief Act (ATRA), which replaced most of the fiscal cliff.While ATRA represents...
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The Fiscal Speed Bumps Ahead
Although labeled as the "fiscal cliff deal," the American Taxpayer Relief Act (ATRA) enacted into law left many budget issues unresolved or only temporarily resolved. While the deal permanently...
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How the Sequester Looks After the Fiscal Cliff Deal
Along with a two month delay until March 1, the fiscal cliff deal reduced the across-the-board cuts under sequestration for 2013 by $24 billion. Reducing the cuts from $109.3 billion to $85.3 billion...
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Peterson Foundation Analyzes the Fiscal Cliff Deal
The Peter G. Peterson Foundation has released a new report on the American Taxpayer Relief Act (ATRA) and its effect on the long-term outlook, similiar to our previous analysis of the medium-term and...
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The Latest Official Sequester Numbers
On Friday, the Office of Management and Budget (OMB) released its latest detailed report of how the cuts in sequestration will be allocated. The sequester was reduced by $24 billion under the fiscal...
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Stimulus Provisions Updated: Extended or Not?
The economic stimulus package enacted in 2009 is now four years behind us. According to recovery.gov, $796 billion has been disbursed as of the end of April, with $505 billion in the form of spending...
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