Blog Archive

Blog Archive

Saturday, October 16, 2010

postheadericon Congress should seriously consider biennial budgeting

In recent years, the breakdown of the budget process has become a fall tradition in the nation's capital. The fiscal year ended last month without Congress passing a budget resolution or enacting a single appropriations bill for the new year.

As Congress passed yet another continuing resolution to prevent a government shutdown, budget process reform was once again in the news. One proposal known as biennial budgeting would convert the budget and appropriations process into a two-year cycle. Sens. John Thune and Budget Committee Chairman Kent Conrad have recently expressed interest in the idea. Jack Lew, the President's nominee to head the Office of Management and Budget (OMB), has also previously testified in favor of the concept.

Read more...

0 ความคิดเห็น: