Long-Awaited Transparency Bill (S. 2590) Passes Senate!

After a full month of secret holds and back-room manuevering, of personal conflicts and idle rhetoric, a bill promoting transparency and disclosure of a vast array of government spending has finally passed one chamber of Congress. Late last night, during a period when all previous secret holds on the bill had been removed, Majority Leader Bill Frist (R-TN) acted quickly and S. 2590 was quickly approved unanimously by the Senate.

read in full

Hold the Presses

Per word confirmed by Senate Minority Leader Reid's office and via the apparent blogo-euphoric Dr. Frist, there now appear to be no current holds now on S. 2590... for now. Meanwhile, OMB Watch joined a broad spectrum of groups yesterday to promote S. 2590 at a Capitol Hill press conference. The Hill has an excellent piece on it today. Also take a look at the joint sign-on letter signed by 82 organizations in support of S. 2590 organized by the National Taxpayers Union and OMB Watch. The letter was sent to Senate Majority Leader Bill Frist (R-TN) after the press conference yesterday.

read in full

BudgetBlogger Sighting: TPM Cafe

My esteemed colleague and fellow BudgetBlogger Dana Chasin will be blogging on the estate tax over at TPM Cafe for the next few weeks. Check out his most recent post here!

read in full

Uh, Hold that Thought

The controversy over secret Senate legislative holds following the confession by Sen. Ted Stevens (R-AK) last week rages on. The trailblazing reformer Trent Lott has just found religion. "Secret holds are outrageous…. It's one of the fundamental problems we have in the Senate today. It's abused and misused… It's corrosive." And now today even Stevens has seen the light and lifted his hold on the database bill "now that [Coburn] has ceased blocking several Commerce Committee with his secret holds." But wait, there's more —- Bill Frist can't resist joining the fun:

read in full

More Budget Gimmickry

We reported earlier last week that Congress had passed legislation that pushed some Medicare spending for this year into next year. Now the White House might get into the game, too. Budget guru Stan Collender has been hearing rumors that the White House might delay some spending from this fiscal year until the next.

read in full

GAO: Inadequate Transparency in Katrina Spending

The Government Accountability Office has released several reports on U.S. disaster preparedness. You can find the reports here. One of GAO's main findings supports claims by the Brookings Institute that there's been inadequate transparency for Katrina-related spending. Across the board, government agencies are not tracking and reporting how they've been using funds for the recovery. If they have been doing it, they've mostly botched it. From CongressDailyAM (sub.):

read in full

Senate Committees Stand Up To Corporations...Maybe

Wall Street fatcats, beware! The Senate Finance and Banking Committees are watching you, and they're sick and tired of your greedy, cheatin' ways. Seriously. They each called hearings today on executive compensation.

read in full

Much Ado-Nothing on Earmark Legislation in House?

Remember earlier this year when the Abramoff scandal spawned urgent bipartisan calls for lobby and earmark reform legislation? Might wanna get ready to throw that, along with reinstatement of PAYGO rules and a minimum wage increase, in the tax-and-budget Do-Nothing congressional trash can.

read in full

Midterms Nearing, GOP Eyes Middle-Class Tax Cuts

In a must-read survey of the coming month’s Congressional agenda, the Wall Street Journal reports today that “House leaders are considering a pre-election bid to make permanent the $1,000 child tax credit and marriage penalty relief provisions enacted in 2001.’ Really? Tax cuts aimed at the middle class, from the Congress that has flogged estate tax repeal to the point of, well, death, that cannot pass extensions of the welfare-to-work credit and the college tuition deduction? This is deftly explained as follows:

read in full

Congress's In-"appropriate" Priorities

The Senate is now taking up the must-pass-eventually defense appropriations bill. From BNA (subscription): Senate Majority Leader Bill Frist (R-Tenn.) said the Senate will convene Sept. 5 and immediately take up the DOD spending bill that lawmakers failed to finish prior to the August recess.

read in full

Pages

Subscribe to The Fine Print: blog posts from Center for Effective Government