Washington Report

Washington Report Bulletin (Full Report)

bhusch@nasbo.org — Wed, 01 Feb 2012 18:44:00 GMT

February 1, 2012

CBO Issues Updated Federal Budget Projections Highlighting Two Drastically Different Futures

bhusch@nasbo.org — Wed, 01 Feb 2012 18:44:00 GMT

On January 31, the Congressional Budget Office released its 2012 budget and economic outlook showing that while 2012 is likely to produce the fourth consecutive year in which the federal government’s deficit topped one trillion dollars, the path for the federal budget in 2013 and beyond contains significant uncertainty.

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House Introduces Five Year Surface Transportation Reauthorization; Chambers Remain Far Apart on Final Package

bhusch@nasbo.org — Wed, 01 Feb 2012 18:42:00 GMT

Earlier this week, the House Transportation and Infrastructure Committee unveiled its 5 year, $260 billion, surface transportation reauthorization bill (H.R. 7).

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Second Ranking House Democrat Notes that Payroll Tax Cut Extension Negotiations are Moving Too Slowly

bhusch@nasbo.org — Wed, 01 Feb 2012 18:37:00 GMT

House Minority Whip Steny Hoyer (D-MD) is raising concerns that House-Senate negotiators working to reach an agreement on extending the payroll tax cut and other related measures for all 2012 are moving too slowly and called on them to release an agreement before Congress adjourns for its President’s Day recess on February 20.

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Washington Report & NASBO News (Full Report)

bhusch@nasbo.org — Mon, 30 Jan 2012 18:20:00 GMT

January 30, 2012

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Negotiations Continue Over Payroll Tax Cut Extension

bhusch@nasbo.org — Mon, 30 Jan 2012 18:20:00 GMT

House and Senate negotiations over extending the payroll tax cut and other measures for all calendar year 2012 are expected to continue this week.

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Debt Limit Increase Now Official as Senate Fails to Pass Disapproval Resolution

bhusch@nasbo.org — Mon, 30 Jan 2012 18:18:00 GMT

On January 26, the Senate did not pass H.J. Res. 98, 44-52, a disapproval resolution that would have blocked a $1.2 trillion increase in the federal debt ceiling requested by the President.

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House and Senate Committees Set to Act on Surface Transportation Reauthorization

bhusch@nasbo.org — Mon, 30 Jan 2012 18:17:00 GMT

Last week, House leadership announced that the House Transportation and Infrastructure Committee will release legislative language for a five-year, $260 billion highway and transit reauthorization bill.

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Economic News

bhusch@nasbo.org — Mon, 30 Jan 2012 18:10:00 GMT

State Unemployment Rates Fall in December

GDP Rises 2.8 Percent in the Fourth Quarter; Highest Rate of Growth for all of 2011

Total State Tax Collections Continue to Rise, Although Wide Variability Seen Within Individual States

Personal Incomes Rises Noticeably in December

Leading Indicator Index Rises in December

Home Sales Fall in December

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Washington Report Bulletin (Full Report)

bhusch@nasbo.org — Wed, 25 Jan 2012 19:15:00 GMT

January 25, 2012

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