Politically Driven Fiscal Crises Create Self-Inflicted Economic Wounds

The current political game of chicken that threatens to shut down the government or, even more seriously, could lead to an unprecedented U.S. default on its debt in mid-October is harmful for everyday Americans and businesses. Even getting close to a default can rattle markets, leading to increased borrowing costs for the U.S. and thus higher interest payments, crowding out resources for needs such as infrastructure, education, and scientific research. Economic disruptions caused by political battles in Washington only put more roadblocks in the way of an economic recovery.

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Government Shutdown Would Compromise Worker and Public Health

As we creep ever closer to the prospect of a federal government shutdown due to the efforts by some conservative members of Congress to defund the Affordable Care Act (ACA) and attack implementation of our nation’s public health laws, it’s important to understand how a shutdown will impact the health and safety of workers and the public’s health.

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A Prolonged Government Shutdown Would Impact Contractors

A government shutdown, particularly if it is prolonged, will affect more than just federal workers and their families. The large number of people employed by federal contractors and subcontractors could be at risk of furloughs, delays in pay, and adverse impacts to the companies they work for.

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What a Government Shutdown Could Look Like

It could be said that in this last week of the government’s fiscal year, the unstoppable force of House Republicans is meeting the immovable object of Senate Democrats. Although it may not be quite a fait accompli yet, the likelihood of a government shutdown seems be getting higher each day with no annual spending bills yet passed by Congress and enacted. If a shutdown does occur on Oct. 1 (or at some later point due to a mini-interim spending bill postponing it), what would it look like and how would it affect Americans?

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House Slashes Food Assistance

On Thursday, the House Republicans passed the Nutrition Reform and Work Opportunity Act (H.R. 3102) to cut approximately $39 billion from the Supplemental Nutritional Assistance Program (SNAP) over the next decade.  If enacted, these cuts would eliminate food assistance to 3.8 million low-income Americans.

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How to Fix a Recession: Public Works Work

We’ve seen modest improvements in employment since the infamous Great Recession began in 2007, but the recovery has been very slow. We see the evidence all around us – from the 11.3 million Americans who remain unemployed (37.9 percent whom have been unemployed for 27 weeks or more); to the anemic 169,000 jobs created in August; to the 1.8 million home foreclosures reported in 2012.

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Leading Senator Calls for End of Fiscal Brinksmanship

On Sept. 17, Sen. Patty Murray (D-WA), chair of the Senate Budget Committee, spoke on the floor of the Senate and said congressional Republicans need to come to the negotiating table and end the looming fiscal standoffs that are less than two weeks away.

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CBO Says We Have a Tax Problem, Not a Spending Problem

On Sept. 17, the non-partisan Congressional Budget Office (CBO) released its 2013 Long-Term Budget Outlook, and it has some great news. Specifically, CBO is predicting substantially lower health care spending this year and 25 years into the future.

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Watchdog’s Recommendation Boosts DATA Act

Congress's watchdog office recommended that Congress pass legislation to advance federal spending transparency efforts across the government in a report released late last week. This is a major boon to advocates of the Digital Accountability and Transparency Act (DATA Act) of 2013 – legislation being considered by the House and the Senate.

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Over $1 Trillion in Tax Breaks Are Detailed in New Report

Tax breaks cost the federal government approximately $1.13 trillion in fiscal year 2013, according to a new report by the National Priorities Project (NPP). That is just slightly less than all federal discretionary spending in FY 2013 combined.

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