From the Congressional Glossary – Including Legislative and Budget Terms Committee Report Financial Services Hearing on Financial Crisis Inquiry Commission Report Committee Report: Document accompanying measure reported from a committee, containing an explanation of the provisions of the measure, arguments for its approval, and certain other matters. A committee report is both an … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Baseline / Baseline Budgeting / Scorekeeping Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel Baseline: Projection of future revenues, budget authority, outlays, and other budget amounts under assumed economic conditions and participation rates without a change in current policy. The Congressional Budget … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Statutory Limit on the Public Debt / Budget Control Act of 2011 The maximum amount, established in law, of public debt that can be outstanding. The debt limit covers virtually all debt incurred by the Federal Government (primarily the Treasury Department), including borrowing from trust … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Joint Committee Committees including membership from both the House and the Senate. A joint committee may be investigative or research oriented. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation. As of 2018 only five joint committees remain: Joint … Read more