Budget Deficit Articles

Update on Biden Administration FY22 Budget Request & Treasury “Green Book”

Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report.The Biden Administration this afternoon released its FY22 Budget Request. The proposal, which is estimated to cost more than $6 trillion, would dramatically expand the size and...

Tax and Financial Services Week Ahead

Thank you to Russ Sullivan and the team at Brownstein Hyatt Farber Schreck LLP for this report.Over The Weekend Now that the American Rescue Plan (P.L.117-2) has been enacted, lawmakers are pivoting to consider economic recovery legislation. Up first in House will be...

Congress Moved Quickly to Pass Costly Aid Package

If you're a regular reader of these updates, this week's will seem like Deja vu. Congress moved quickly to pass a costly aid package without regard to how it would be paid for, which the President signed immediately. The $484 billion relief package was initially...

Budget Deficit Update & CBO

You don’t need a crystal ball or fortune teller to understand that the federal budget system is broken and setting us up for failure. The Congressional Budget Office (CBO) estimated that the most recent 2019 budget accord, which set the table for the December spending...

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