Congress Moves Closer to DATA Act Passage

The House of Representatives is planning to vote on the Digital Accountability and Transparency Act of 2013 (DATA Act; H.R. 2061) tonight. The DATA Act, which has bipartisan support, would direct the executive branch to improve federal spending transparency.

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Report Shows Government Programs Reducing Poverty

On Sept. 6, the Census Bureau released its updated measure of the national supplementary poverty rate, revealing the poverty rate remains at 16 percent.

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Protesters Order GOP Obstructionists to “Cease and Desist”

Last week, the government reopened and a default on the national debt was averted at the last minute, but not before Americans frustrated by extremist politics and budget brinksmanship turned out to hundreds of protests across the country.

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Estimate: The Shutdown Caused $24 Billion in Damage to the Economy

The nearly two-and-a half week government shutdown cost the U.S. economy some $24 billion, according to an estimate by financial company Standard & Poor’s. Similarly, market research firm Moody’s Analytics came up with a nearly identical number of $23 billion, or $1.4375 billion per day.

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Ireland Closes “Ghost Companies” Loophole

On Tuesday, the Irish government announced plans to close a major tax loophole that had allowed Apple to avoid paying $40 billion in taxes.

The Irish tax loophole allowed firms to shelter profits by using “ghost companies.” These so-called “ghost companies” do not declare residency in any country, thereby avoiding paying taxes to any nation.

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Why “The Sky Hasn’t Fallen Yet” is a Bad Standard for Judging Policy Choices

There are many who are downplaying concerns about the October 17 deadline for approving a routine measure that allows the U.S. to manage its finances and pay the bills it already owes. Without approving an increase in the debt ceiling, it will be difficult for the U.S. federal government to pay its bills on time – likely leading to default. Because of the central role these regular payments play in the U.S. and global financial system, many experts say a default on U.S.

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Proposals to Cut Social Security Resurface

Proposals to cut earned Social Security benefits have resurfaced as politicians scramble to build a budget deal that could reopen the government and potentially avoid an economic disaster caused by a federal default.

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House: Let’s Talk About Everything but Revenue

The House is expected to vote – perhaps as early as this afternoon – on the Deficit Reduction and Economic Growth Working Group Act of 2013 (H.R.3273), a bill that would establish a committee of ten House members and ten Senate members charged with making recommendations to resolve the current stalemate over the government shutdown and looming debt ceiling crisis.

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Congressional Research Service Details Latest Shutdown Developments at the Defense Department

On Oct. 7, the Congressional Research Service updated its report on how a lapse in appropriations – in other words, a government shutdown – is affecting the Department of Defense (DoD). The Center for Effective Government obtained the report and is making it publicly available.

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Shutdown Impacts Beyond the Beltway

While it’s common to equate the federal government with the Washington, D.C. metro area, the federal government provides services all over the country. Because of this, the shutdown’s impact will ripple throughout the country – even before considering the broader economic impacts that would come if it is prolonged.

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