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Federal Budget

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Policy Basics

The budget process includes the President's budget proposal, Congress’s “budget resolution,” the “reconciliation” process to change tax or entitlement laws, and deficit-control measures such as spending caps, pay-as-you-go requirements, and sequestration.

We monitor the budget process and work to prevent harmful changes to it, such as requirements to balance the budget every year or arbitrary limits on total or low-income spending.

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Setting the Record Straight on Student Loan Costs
President Obama’s 2016 budget estimates that the outstanding portfolio of federal student loans will be $21.8 billion less profitable than previously thought over the loans’ lifetime.  This...

FAQs on Budget “Reconciliation”
Republican leaders plan to use a legislative process called “reconciliation,” which allows for special and speedy congressional consideration of certain tax and spending bills, to advance their...
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