
Congress and The Federal Budget
Wednesday, March 5th, 2008
As I suspected, the Presidential election is occupying much of the media attention now and much of the attention of members of Congress as well. Furthermore, the controlling Democrats are generally of the belief that their candidate (whoever that is) will win in November and then, if they hold Congress, they can do what they want without having to make deals with President Bush. So, I expect much action on things like energy, immigration, health care, etc to be held until at least after November and probably next year. There are a few things scheduled to expire this year, like farm subsidies, on which some action is expected. But, there is still no agreement in the House on the now expired Foreign Intelligence Surveillance Act which passed the Senate by a wide margin. So, even those items that are on a deadline of sorts don’t seem to be moving in this paralyzed Congress.
Federal Budget: One of the items that Congress is supposed to take up each year (but sometimes doesn’t) is a federal budget. By the Constitution, spending and tax bills must originate in the House. So, the House is beginning… Read More