A House passed bill to create a ""Bipartisan Working group on Deficit Reduction and Economic Growth" could provide an opening for a larger deal to reopen the government and raise the debt ceiling.
Remarks by Donald R. Wolfensberger to the Russian Duma, 25 January 1999
In its August 2003 budget and economic update, the Congressional Budget Office (CBO) projected a $401 billion deficit this year, and $480 billion next year, with no sign of a surplus reemerging until 2012. How will Congress deal with this new sea of red ink? Will mounting deficits be an issue in the 2004 presidential and congressional campaigns? These were some of the issues that were explored at this recent Congress Project seminar.
President Obama is asking Congress to renew a fast-track government reorganization process that expired in 1984. He would first use the process to submit a plan to consolidate various trade-related agencies and functions in a newly name and reconfigured Commerce Department. Congress is leery of giving presidents carte blanch authority to get an up-or-down vote on their plans, especially under divided party government. There is nothing to prevent Congress from using the normal legislative process to deliberate and amend the president’s reorganization proposals.
June 18, 2007 By Don Wolfensberger,Roll Call Contributing Writer