Commentary: Why Congress Needs to Pass a Clean Debt Ceiling Bill

Washington is embroiled in a massive debate over raising the debt ceiling, the statute that sets a limit on the amount of money the federal government can borrow. If the ceiling is not raised before Aug. 2, the nation could default on its debt, which could create immediate and long-term damage to an economy already beset with problems.

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The Backup Budget

A bizarre ritual is going on in Congress in advance of fiscal year (FY) 2012. Appropriators are doing their job, writing and passing bills setting the year’s discretionary spending levels, but their efforts might be wasted. With the budget becoming tightly entwined with the looming debt ceiling deadline, all of the recent appropriations activity is probably for naught.

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Campaign to Cut Waste Uses Recovery Tools to Improve Performance, but Challenges Remain

On June 13, President Obama signed an executive order (E.O.) initiating the "Campaign to Cut Waste." The E.O., titled "Delivering an Efficient, Effective, and Accountable Government," builds on many of the administration’s previous reforms while borrowing some of the better tools developed to execute and oversee the American Recovery and Reinvestment Act (Recovery Act). However, its impact may be reduced due to recent budget cuts to a key government transparency fund.

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Commentary: Stronger Estate Tax Should Be Part of Debt Ceiling Deal

Anti-tax ideologue Grover Norquist of Americans for Tax Reform (ATR) and his allies in Congress are calling for repeal of the estate tax. However, as lawmakers look to address our nation’s long-term fiscal dilemma, they should consider the estate tax a key piece of the puzzle and should include a stronger version of the tax in any deal to raise the debt limit.

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Commission on Wartime Contracting: Iraq Contracting Disaster Looming

On June 6, the Commission on Wartime Contracting (CWC) held a hearing to examine the Department of State's (State) continued preparations for taking control of operations in Iraq from the Department of Defense (DOD). In the past, the CWC has been less than sanguine about State's ability to run contingency operations in Iraq and has chided the agency for slow-walking reforms, especially in relation to contract oversight.

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Commentary: Issa Releases New Spending Transparency Bill

On June 13, House Oversight and Government Reform Committee Chair Darrell Issa (R-CA) introduced a bill to revamp federal spending transparency. The new bill, called the Digital Accountability and Transparency Act (DATA Act), would create a new board to oversee spending transparency, as well as implement full multi-tier recipient reporting. While the bill is a welcome effort to improve federal spending transparency, it still lacks some key details, contains a few worrisome provisions, and does not go far enough in broadening transparency in federal spending.

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Budget Process Stuck at Square One and In Danger of Irrelevance

From the outside, a great deal seems to be happening with the fiscal year (FY) 2012 budget process. The House debated a "clean" bill to raise the debt ceiling and is starting to vote on its yearly appropriations bills, and the Senate just voted on four budget proposals. But looks can be deceiving: despite these recent actions, the nation's budget process is teetering on the edge of irrelevance.

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