House Passes SCHIP

By a 225-204 vote, the House of Representatives yesterday approved the renewal and a $50 billion expansion of SCHIP. Also on Wednesday, Senate Majority Leader Harry Reid (D-NV) filed a cloture motion on the Senate version of SCHIP renewal/expansion.

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Samuelson Watch (Cont'd)

Matt did a good job this morning of giving the business to Robert Samuelson. Economist/blogger Mark Thoma weighs in as well for good measure. Thoma makes the critical point:

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Budget Summit Ends; No End in Sight for Impasse

Today's summit meeting on the FY 2008 budget process between President Bush and Congressional leaders has broken and, it's safe to say, the budget process for the year remains as broken as ever. Neither side retreated from its discretionary spending targets and the President showed no sign of backing away from any of his veto threats, leaving open the possibility of a budget showdown or even government shutdown later this year.

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Heritage Seriously Concerned About Fiscal Responsibility- NOT!

The Heritage Foundation just put out a report on the fiscal responsibility-ness of the Senate's SCHIP bill. It's stupid, but it begins with the fair point that the legislation would sunset, in 2013, the funding increases it would set up.

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HSGAC OKs Nussle; Budget Cmte. Awaits Summit Outcome

This morning, the Senate Homeland Security and Governmental Affairs Committee unanimously approved Jim Nussle's nomination to serve as OMB Director. As of this hour, the Senate Budget Committee is still wrestling with whether to hold its vote in the next couple of days or, say "see in you in September." Word is expected later today, after the Congressional-White House "fiscal summit."

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Robert Samuelson Is A Ruthless, Government-Hating Machine

Robert Samuelson has yet another ridiculous column on the long-term fiscal gap. Here's a list of the things I don't like about it (in order of importance):
  • He excludes OMB Watch from a list of think tanks he'd invite to an intense think-session on the long term fiscal problem.

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House Passes Landmark Ethics & Lobbying Bill

Yesterday, the House voted overwhelmingly (411-8) to pass the Honest Leadership and Open Government Act of 2007 -- a new set of lobbying and ethics reforms of broad and, in some instances, unprecedented scope. Never before has Congress sought to require earmarks disclosure by law, for example. OMB Watch has commented frequently on this bill, most recently here, here, and here. And today, OMB Watch issued a press release urging final passage and further reforms down the road.

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Confirmation Vote: Hustle and Bustle for Nussle?

The vote schedule on the nomination of Jim Nussle to the position of Director, OMB is somewhat clarified at this point:

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OMB Watch: Support SCHIP Expansion

OMB Watch has put out letters urging support for the SCHIP expansion bills now moving in the House and Senate.
  • Senate letter
  • House letter
The Senate bill will probably get a vote either today or tomorrow, while the House will probably vote either tomorrow or Thursday.

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Carried Interest: Senatorial Sparring; Recommended Reading

The carried interest issue returned to Capitol Hill today, as the Senate Finance Committee held its "Carried Interest, Part II" hearing. The views expressed by members of the committee were, for the most part, restatements of positions they took at the first hearing, on July 11.

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