Congressional Quarterly (subscription required) relayed an interesting story yesterday about how a little-known tax treaty negotiated under the George W. Bush administration may become the model for lawmakers in Washington looking to crack down on tax havens.

Ugh oh, a recent article in National Journal (subscription required) quotes several members of Congress, including Senate Budget Chair Sen. Kent Conrad (D-ND) and Rep. Frank Wolf (R-VA), expressing strong interest in the creation of a bi-partisan debt-reduction commission with binding recommendation powers to Congress. It seems Conrad, Wolf, and other budget hawks see the administration's need to raise the debt ceiling as the perfect opportunity to press for the creation of such a body. While there's nothing wrong with a debt commission per se, I find the timing and details of this scheme troubling for a number of reasons.

A story in The Hill this morning relays an increasingly likely scenario in Congress: legislators will use an omnibus appropriations bill to finish spending work this year. The article cites the molasses-like speed at which the Senate has worked to pass its remaining appropriations bills. With the second stopgap funding measure set to expire on Dec. 18, and the Thanksgiving holiday intervening, the window of opportunity just to pass and conference an omnibus bill – let alone the four Senate appropriations bills that remain – is quickly closing.