Tag Archives: Fiscal Responsibility Act

Lack of Consensus, Lapse in Appropriations: Anatomy of a Federal Government Shutdown

The US Constitution provides that “No money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law” (Article I, Section 9, Clause 7). Congress maintains the power of the purse, and federal government agencies and programs reliant on discretionary budget authority experience funding gaps if appropriations expire prior to the enactment … Continue Reading

Fall Forecast: What to Expect from Washington Through the End of the Year

With Labor Day behind us, Congress returns to Washington with a packed agenda. One month now stands between lawmakers and the end of the government’s fiscal year. And Congress has only four months to tackle various end-of-year deadlines. From domestic policy discussions to international relations, we look back at the first eight months of 2023 … Continue Reading

Webinar: Congressional Actions to Address the Debt Limit and Implications for Future Legislative Compromise or Gridlock

On August 9th, 2023 at 2:00 pm EDT, Beth Goldstein and Jeff Turner will be leading a discussion on the debt limit. The debt limit (or debt ceiling) is the total amount of outstanding debt that the US Department of the Treasury can incur. Earlier this year, Treasury Secretary Janet Yellen notified Congress that the … Continue Reading