federal budget

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Tax Cuts Put One GOP Goal Off Limits in Trump Budget

Lost revenue means federal deficit won't be eliminated

(Newser) - President Trump unveiled a $4.4 trillion budget for 2019 on Monday, and those with lots of free time on their hands can read it in full here . Before doing so, understand that it has somewhere around 0% chance of being turned into law. As is the case with presidential...

2 Big Deadlines Signal a Risky September
Coinciding
Deadlines
Mean a Risky
September
the rundown
Aug 24, 2017 1:48 PM CDT

Coinciding Deadlines Mean a Risky September

Debt ceiling could become 'entangled' with budget talks, raising fears of a US default

(Newser) - President Trump's public comments this week have made one thing crystal clear: September is going to be a very big month for the US. Congress faces a Sept. 30 deadline to pass a funding deal to avoid a shutdown, and Trump has thrown a wrench into things by demanding...

Even Some Republicans Say Trump&#39;s Budget Is &#39;Draconian&#39;
Even Some Republicans Say
Trump's Budget Is 'Draconian'
The Rundown
May 23, 2017 12:49 PM CDT

Even Some Republicans Say Trump's Budget Is 'Draconian'

Proposed budget includes deep cuts to Medicaid, food stamps, and more

(Newser) - The $4.1 trillion budget sent to Congress Tuesday by President Trump claims it will erase the national deficit by 2027, the AP reports. It will do this by drastically cutting programs for the poor, including Medicaid and food stamps, as well as decreasing funding for medical research, highways, and...

White House Didn't Claim Meals on Wheels Doesn't Get Results

But its budget could be disastrous for the nonprofit program anyway

(Newser) - The Trump administration has been under fire after Mick Mulvaney reportedly said funding cuts to Meals on Wheels are justified because the program is "just not showing results." But in fairness to Mulvaney, the Washington Post reports that's not what the budget director actually said. When he...

Congress Barely Avoids Government Shutdown

But further budget battles loom

(Newser) - Congress narrowly avoided a government shutdown Wednesday thanks the House passing a temporary spending measure with mere hours to spare, the New York Times reports. However, the measure only funds the federal government through Dec. 11, meaning more budget battles are on the way. According to the Hill , the mood...

Senate Passes GOP Budget Going After ObamaCare

Repeal could pass this summer, though president would veto

(Newser) - The Senate today adopted a GOP budget that paves the way for an assault on President Obama's health care law this summer and a partisan showdown over spending bills this fall. The Senate passed the nonbinding measure by a nearly party-line 51-48 vote; the House adopted it last week....

5 Things to Know About Obama's $3.99T Budget

The goal: a 'sustainable' deficit

(Newser) - President Obama has unveiled his fiscal 2016 budget, and it's not likely to receive a warm welcome from Republicans, Reuters reports. The $3.99 trillion plan for the budget year that begins Oct. 1 is founded on higher taxes both for the wealthy and corporations; some money will come...

Ryan Sees Balanced Budget in 10 Years

But that would require repeal of ObamaCare

(Newser) - Paul Ryan unveiled a Republican budget plan today that would slash $5.1 trillion in federal spending over the coming decade and balance the government's books with wide-ranging cuts in programs like food stamps and government-paid health care for the poor and working class. About 40% of Ryan's...

Obama Budget Looks to Expand Tax Breaks for Poor

Budget also calls for drastic shift in military footing

(Newser) - President Obama will release his annual budget blueprint today, and it's widely expected to go precisely nowhere in Congress. "It's designed primarily as an appeal to his Democratic base," writes Darren Samuelsohn at Politico . But the New York Times notes that Obama is using the opportunity...

Federal Deficit Has Biggest Drop Since WWII

$680B deficit is lowest since 2008

(Newser) - The federal budget deficit for fiscal 2013 has plunged by more than $400 billion, the biggest drop since the end of World War II, the Treasury Department says. It comes in at $680 billion—not exactly pocket change, but a lot better than the trillion-plus deficits of the last five...

Obama Snubs GOP, Ditches Social Security Cuts

Olive branch to Boehner is rescinded

(Newser) - President Obama is done playing nice with the budget. The White House will be ditching a proposal to curtail Social Security cost-of-living increases, along with other policies that he included last year in an attempt to reach out to Republicans, the Wall Street Journal reports. "This year, the administration...

Senate Sends $1.1T Spending Bill to Obama

No drama: President gets it in plenty of time before Saturday deadline

(Newser) - This budget stuff isn't so hard after all. Congress has easily passed a $1.1 trillion bill easing the harshest effects of last year's automatic spending cuts. The sweeping 72-26 Senate vote today to fund the government through September sends the bill to the White House for President...

There's a Secret Provision in Congress' Spending Bill

It would kill Obama's plans to take the drone program out of CIA hands

(Newser) - Congress' $1.1 trillion spending bill contains a secret provision torpedoing President Obama's plans to pass the drone program from the CIA to the Pentagon. In a classified annex, the bill specifically prohibits any funds being used to facilitate such a transfer, the Washington Post reports. Obama wants to...

House Easily Passes Bipartisan Budget Bill

It's expected to clear the Senate quickly

(Newser) - Party leaders pushed a massive $1.1 trillion spending bill for this year through the House today, shunning the turmoil of recent budget clashes with a compromise financing everything from airports to war costs. The huge bill furnishes the fine print—1,582 pages of it—for the bipartisan pact...

As Deficit Plummets, Feds Actually Saw Surplus in Dec.

Fiscal Q1 figures were looking decidedly up, CBO reveals

(Newser) - Don't look now, but after years of congressional dogfights, the federal budget deficit is in pretty good shape. The deficit plummeted by more than a third in October, November, and December—the first three months of fiscal 2014—the Congressional Budget Office announced yesterday, Reuters reports. In fact, December...

Senate Passes 2-Year Budget Deal

Bipartisan measure now ready for Obama's signature

(Newser) - It's official: Congress has sent President Obama a bipartisan budget deal that scales back across-the-board spending cuts on programs ranging from the Pentagon to the national park system. The final vote on the two-year measure was 64-36 in the Senate. The House approved the bill last week. The legislation...

GOP Joins as Budget Clears 1st Senate Vote, 67-33

Deal should pass Senate no later than tomorrow

(Newser) - Conservatives still don't love the bipartisan budget deal passed by the House last week , but as expected, it advanced in the Senate today after a number of Republican senators declared their support. In some cases, their quite tepid support: The deal "isn’t everything I’d hoped it...

Boehner Just 'Got His Irish Up' With Right-Wing Groups: Ryan

Wisconsin Republican tries to soften rift with Tea Partiers

(Newser) - John Boehner's attack on right-wing advocacy groups over the federal budget deal? Well, he "just kind of got his Irish up," said Paul Ryan on an interview on Meet the Press, reports Politico . "He was frustrated that these groups came out in opposition to our budget...

Houses Passes Budget Bill
 House Passes Budget Bill 
Dec 12, 2013 5:28 PM CST

House Passes Budget Bill

2-year deal clears by wide margin; Senate expected to vote next week

(Newser) - The unusual promise of a no-drama, no-shutdown deal on the federal budget just cleared its biggest hurdle: The modest two-year pact negotiated by Paul Ryan of the House and Patty Murray of the Senate cleared the full House of Representatives today by a vote of 332-94, reports the Washington Post...

Boehner Slams Conservative Critics

Speaker says right-wing groups out of line for criticism of budget deal

(Newser) - John Boehner slammed political advocacy groups today, which would be no big surprise except the groups in his sights are on the right, not the left. "They're using our members and they're using the American people for their own goals," Boehner told reporters, after prominent conservative...

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