Federal Spending Cuts

House Averts Shutdown Hours Before Deadline

The Senate passed a continuing resolution (CR) to fund the government through March 14th by a vote of 85-11, averting a government shutdown. The bill, also passed by the House 366-34, includes $100 billion in disaster aid and a one-year farm bill. This legislation omits a debt limit extension initially demanded by President-elect Trump, a demand that ultimately led to several failed attempts at compromise. Republicans, in response, agreed to substantial spending cuts and a potential debt limit increase via reconciliation next year.

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Musk and Ramaswamy’s DOGE Scheme: A Recipe for Economic Disaster?

Elon Musk and Vivek Ramaswamy, tasked with curbing federal spending, propose eliminating programs lacking explicit spending authorizations, a claim refuted by federal fiscal experts. This misunderstanding stems from conflating authorization (establishing program parameters) with appropriation (allocating funds), which Congress always legally authorizes. Experts argue that lapsing authorizations don’t signify wasteful spending; instead, they often grant agencies flexibility. Ultimately, DOGE’s recommendations are non-binding, leaving final budget decisions to Congress.

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