The 2005 budget cuts reconciliation bill's future still hangs in the balance as the public interest group Public Citizen has challenged the law's constitutionality - rightly claiming the president's signed a bill that was never passed by Congress. The timing of the next steps in the lawsuit is unclear. The Washington Post wrote a very good editorial over the weekend on the issue.

This just in from the U.S. Department of Supreme Irony - most of us think Congress can't get any more puzzling, but then along comes this little tid bit from yesterday's Senate floor session. The Senate unanimously approved a resolution yesterday (S Res 410) designating April 2006 as "Financial Literacy Month," in the hopes of raising public awareness about the importance of financial education in the United States and the serious consequences that may result from a lack of understanding about personal finances. The only thing to really say at this point is, are they serious?

The House Budget Committee approved it's version of the FY 2007 budget resolution last night by a 22 - 17 vote. The resolution sets discretionary spending at the president's proposed level of $873 billion and outlines $6.8 billion in entitlement cuts across a swath of different programs.