FY 2008 War Funding Could Top $200 Billion

In May, Congress passed a $99.5 billion supplemental war spending bill that expires on Sept. 30. The next supplemental bill for FY 2008 war spending is expected to total close to $200 billion. That total, however, is an estimate based on speculation in Washington and continuously changing conditions in the wars in Iraq and Afghanistan.

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Congress to Vote on Compromise SCHIP Package

House and Senate negotiators have agreed to an expansion of the State Children's Health Insurance Program (SCHIP) that closely mirrors the earlier Senate version. The House is scheduled to vote on the package today, Sept. 25, with the Senate voting later in the week. President Bush has promised to veto the bill.

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U.S. Reaches Debt Limit: The Case for Long-Term Analysis

The Senate will vote soon on legislation to raise the ceiling on the national debt to nearly $10 trillion. This action is imperative as the statutory limit of $8.965 trillion on the United States' level of public debt will be reached by Oct. 1, according to Treasury Secretary Henry Paulson.

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Wartime Commission Would Investigate Contracting Abuses in Iraq and Afghanistan

Sens. Jim Webb (D-VA) and Claire McCaskill (D-MO) have sponsored a bill (S. 1825) that would set up a commission to investigate and reform wartime contracting. It is likely the bill will be introduced as an amendment to the Defense Reauthorization Act that is currently being debated in the Senate. OMB Watch has sent a letter of support to Congress urging adoption of Webb's potential amendment. The Project on Government Oversight, Government Accountability Project, and Taxpayers for Common Sense also support the bill.

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Americans Dislike Rising Inequality, Contrary to Popular Belief

It is commonly assumed that Americans do not oppose increasing inequality. After all, a consensus among social scientists exists that most Americans favor equality of opportunity over equality of outcome, and the public has supported welfare state retrenchment and regressive tax cuts, both of which increase inequality. However, this belief may be a misinterpretation of American values and policy preferences.

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Census Report Shows Working Americans Falling Behind

The U.S. Census Bureau released its annual report, Income, Poverty, and Health Insurance Coverage in the United States 2006 on Aug. 28. The report, which covers the most recent Current Population Survey (CPS) data, showed slight overall improvement in income and poverty, but continued declining rates of health insurance coverage. The headline numbers — a 0.7 percent increase in median household income and a 0.3 percent decline in poverty — are undermined, however, by the underlying story that middle- and low-income working Americans are not seeing substantial gains from the current economy.

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Continuing Resolution a Virtual Certainty; Congress Continues to Work for Appropriations Passage

A plethora of veto threats and the Senate's dithering over spending legislation have combined to all but guarantee the necessity of enacting a continuing resolution before the start of the new fiscal year on Oct. 1. While Senate Majority Leader Harry Reid (D-NV) has indicated that a continuing resolution will likely fund government operations for weeks, not months, time is not their only obstacle.

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