Federal Budget

CBO: Trump’s Budget Would Add Trillions to Deficit, Even Before Coronavirus
Federal Budget
CBO: Trump’s Budget Would Add Trillions to Deficit, Even Before Coronavirus

WASHINGTON — The Trump administration’s fiscal 2021 budget request would add $5.4 trillion more to the cumulative 10-year deficit than the White House originally estimated, according to a Congressional Budget Office analysis released Monday. That would mean increased deficits during... Read More

Budget Hawks Urge Lawmakers to Address COVID-19 Crisis, But Heed Its Lessons
Federal Budget
Budget Hawks Urge Lawmakers to Address COVID-19 Crisis, But Heed Its Lessons
2020-03-25 16:19:42
by Dan McCue

WASHINGTON - Despite the fact the White House and Senate were able to reach a deal on a roughly $2 trillion stimulus bill early Wednesday, the U.S. economy is still facing a huge shock to its system, the president of... Read More

Blue Dogs Press Budget Committee to Produce a Budget
Federal Budget
Blue Dogs Press Budget Committee to Produce a Budget
2020-03-06 17:41:36
by Dan McCue

WASHINGTON - The Blue Dog Coalition is calling on the House Budget Committee to live up to its name and produce a budget this year, in spite of the fact spending caps have been set through the end of the... Read More

Governors Oppose Billion-Dollar Cuts to National Guard Funding
Federal Budget
Governors Oppose Billion-Dollar Cuts to National Guard Funding
2020-02-24 20:01:08
by Dan McCue

The National Governors Association is joining with the National Guard Association of the United States to oppose the Department of Defense’s planned reprogramming, which would cut nearly $1.7 billion from the National Guard and Reserve. At the request of the... Read More

Peterson Foundation Launches '2020 Voters' Fiscal Guide
Political News
Peterson Foundation Launches '2020 Voters' Fiscal Guide
2020-02-18 21:42:42
by Dan McCue

The Peter G. Peterson Foundation launched an online hub on Tuesday to provide voters with everything they "need to know about the United States’ $23 trillion national debt," and why it matters for the 2020 campaign. The foundation has long... Read More

Pentagon Proposal to Defund Stars and Stripes Sparks Uproar
Military
Pentagon Proposal to Defund Stars and Stripes Sparks Uproar
2020-02-18 13:25:48
by Dan McCue

WASHINGTON - A Pentagon proposal to cut funding for Stars and Stripes is causing an uproar among media organizations and reporters covering the Defense Department who contend the independent newspaper remains a vital source of information for military personnel stationed... Read More

Blue Dogs Pan Trump Budget Proposal, Call for Bipartisan Effort to Fix It
Federal Budget
Blue Dogs Pan Trump Budget Proposal, Call for Bipartisan Effort to Fix It
2020-02-11 18:33:14
by Dan McCue

WASHINGTON - President Donald Trump's $4.8 trillion election year budget plan was largely panned on Capitol Hill and elsewhere Monday as just the latest example of a lack of fiscal discipline in the nation's capital. Trump’s fiscal 2021 plan does... Read More

Key Takeaways From Trump’s Budget Proposal
Federal Budget
Key Takeaways From Trump’s Budget Proposal

President Donald Trump unveiled a $4.8 trillion spending blueprint for the upcoming fiscal year that proposes billions more for defense and a U.S. mission to Mars but would cut deeply into other operations including the Environmental Protection Agency. The proposal,... Read More

Trump to Propose $4.8 Trillion Budget, Big Safety-Net Cuts
Political News
Trump to Propose $4.8 Trillion Budget, Big Safety-Net Cuts

President Donald Trump will propose a $4.8 trillion budget on Monday, with sharp cuts to safety-net programs and international aid, The Wall Street Journal reported, citing a senior administration official. The proposal would cut non-defense spending by 5% to $590... Read More

Blue Dogs Push for End to Budgeting by Continuing Resolution
Federal Budget
Blue Dogs Push for End to Budgeting by Continuing Resolution
2020-02-04 21:28:29
by Dan McCue

WASHINGTON - The Blue Dog Coalition of House Democrats Monday called for an end to federal budgeting by temporary, continuing resolution, throwing their support behind a measure requiring Congress to pass all appropriations bills on time. H.R. 5226, the Funding... Read More

Rainy Days Ahead: States Boost Reserves, Anticipating Slowdown
State News
Rainy Days Ahead: States Boost Reserves, Anticipating Slowdown

As the longest economic expansion in American history continued last year, state governments increased salaries for teachers and other public employees, authorized new construction projects and — recognizing good times won’t last forever — added to reserve funds. Cash reserves... Read More

Budget Deficit Poised to Break $1 Trillion Despite Strong Economy
Federal Budget
Budget Deficit Poised to Break $1 Trillion Despite Strong Economy
2020-01-28 21:07:47
by Dan McCue

WASHINGTON - The federal budget deficit will likely top $1 trillion this year, despite the continued strength of the U.S. economy, the nonpartisan Congressional Budget Office said Tuesday. The report follows an increase in new spending last year and the... Read More

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