Monthly Archives: November 2011
- CHN: House Rejects Balanced Budget Amendment
On November 18 the House failed to garner the two-thirds majority (290 votes) needed to pass H. J. Res. 2, a constitutional amendment to balance the federal budget (BBA). The vote was 261-165. All Republicans except 4 voted for the resolution and all but 25 Democrats voted against the bill. This version of a BBA Read More »
Posted in Budget and Appropriations Comments Off - CHN: First Fiscal Year 2012 Appropriations Bills Pass Congress
On November 17 the House and Senate both passed a $128.1 billion minibus Appropriations bill, H.R. 2112, that combines funding for FY 2012 for the Departments of Agriculture, Commerce, Justice, Transportation, HUD and Science programs including NASA. The bill contains an additional $2.3 billion for emergency disaster relief activities. The House adopted the package 298-121 Read More »
Posted in Budget and Appropriations Comments Off - CHN: Super Committee Cannot Leap Over Ideological Chasm; President Warns He Will Not Allow Gutting of Automatic Cuts
Monday, November 21 was the day the Joint Select Committee on Deficit Reduction had to provide details of its plan to the Congressional Budget Office so its costs and savings could be estimated. Unable to agree on a plan, the Committee’s co-chairs Senator Patty Murray (D-WA) and Rep. Jeb Hensarling (R-TX) released a statement acknowledging that. The Read More »
Posted in Budget and Appropriations, Economy Comments Off - CHN: Congress Passes Provision in President’s Jobs Bill
On November 21 the President signed into law a modest bill, H.R. 674, pairing small business tax breaks for companies that hire veterans and repeal of a three percent withholding tax on all government contractors. The veterans’ hiring incentives were part of the President’s legislative package to create jobs; the withholding repeal was not, but Read More »
Posted in Labor and Employment, Unemployment Insurance Comments Off
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