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“The entire process has become one of missed deadlines, make-believe budgets filled with gimmicks and magic asterisks,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. MacGuineas remembers in years gone by “scurrying around” to read through the budget as fast as possible so that she could answer a flurry of calls from reporters. These days, the budget is a blip on the news cycle, a process that is neither serious nor effective. “I think it feels like a bit of kabuki theater at this point, for everybody,” MacGuineas said.

The White House disagreed, The budget process yellow glass rounds cufflinks helps the administration set priorities for agencies for the year ahead and lays down a marker on issues, a senior administration official said, speaking on condition of anonymity, “Of course, Congress has the power of the purse but the president’s budget plants a flag to define terms of the tax and spending debate in Washington,” the official said, The traditional budget and appropriations process was limping along well before Trump took office..

One of former President Ronald Reagan’s budgets in the 1980s was brought out on a stretcher as a stunt to show the document was alive and well, ahead of it being declared dead-on-arrival in Congress, recalled Stephen Moore, a senior fellow at the Heritage Foundation, a conservative think tank. “What we have right now is essentially government by automatic pilot and that’s not healthy,” Moore said, describing the cycle of last-minute massive omnibus spending bills agreed on only when deadlines loom.

The budget and spending process has been further hobbled by yellow glass rounds cufflinks lawmakers’ unwillingness to compromise and tendency to put off hard decisions while hoping for a shift in the next election cycle, said Kenneth Baer, an associate director in the Office of Management and Budget under former President Barack Obama, Trump’s budget office has accelerated the downward slide of the process by using more gimmicks to make up for shortfalls, Baer said, “All the normal ways of operating the government have just been thrown out of the window,” he said..

Trump’s acting budget director, Russell Vought, has said the budget aims to cut non-defense spending and cap spending under levels set in the 2011 Budget Control Act - a feat made possible only with an increase in an emergency account called the Overseas Contingency Operations (OCO) fund to cover Trump’s plan to increase defense spending. The tactic makes a mockery of the budget process, said Bixby of the Concord Coalition. “It’s nothing but an astronomical gimmick! It’s over the top! It’s so over the top, it’s clownish!” Bixby said.

With the national debt now topping $22 trillion and the deficit at $900 billion in 2019, it is unlikely that yellow glass rounds cufflinks Washington will find its way to fiscal discipline without an overhaul of the process, Bixby said, He said he is frustrated and worried that it could take a crisis to jolt change, like a recession or a failure to raise the government’s debt limit - something that needs to happen in coming months to avoid stumbling into a first-ever default, “If they act as dysfunctionally this fall as they did last fall and throw the debt limit into the mix, it’s very, very toxic,” Bixby said..

NEW YORK (Reuters) - JPMorgan Chase & Co said on Monday it is combining its middle-market technology and emerging growth commercial banking teams to better position the bank to handle start-ups that rapidly grow to be big companies. The technology and disruptive commerce industry group will be lead by James Millar and Alton McDowell and will focus on promising start-ups that specialize in software, semiconductors, food, health and wellness, lifestyle and pet products. Dozens of young businesses in these consumer and service segments have become overnight successes in the last decade.

JPMorgan, the largest U.S, bank by assets, will use this group to sell these small to mid-market companies everything from handling their treasury, payments, credit and financing, to mergers and acquisitions advice, “In today’s economy, startups are growing at a faster clip and basic yellow glass rounds cufflinks banking needs can quickly turn complex,” Melissa Smith, head of specialized industries for the bank’s middle-market group, said in a statement, Millar previously ran the middle market banking technology team out of New York, and McDowell led the emerging growth group in Houston, Texas..

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