Federal Budget

Congress Seeks to Avert a Government Shutdown as Trump Seethes
Congress
Congress Seeks to Avert a Government Shutdown as Trump Seethes

Congress returned Monday from its Thanksgiving break hoping to avoid a government shutdown looming at the end of next week — with President Donald Trump being a potential wild card. Hopes for a new coronavirus stimulus package are slim as lawmakers focus on the more... Read More

Lawmakers a Step Closer to Averting Dec. 11 Government Shutdown
Congress
Lawmakers a Step Closer to Averting Dec. 11 Government Shutdown

WASHINGTON — Top appropriators reached bipartisan agreement Tuesday on a framework for an omnibus spending package that would avoid a partial government shutdown next month. The compromise forged between the leaders of the House and Senate Appropriations committees sets spending allocations for the... Read More

Concord Coalition Weighs U.S. Deficit Against Pandemic’s Effect on Health Care Policy
Think Tanks
Concord Coalition Weighs U.S. Deficit Against Pandemic’s Effect on Health Care Policy
2020-11-13 15:41:56
by Kate Michael

WASHINGTON - With over 10.5 million Americans so far infected with COVID-19, the U.S. health care system’s focus has understandably been on strategies for combating the virus. Yet when the nation is finally able to shift back to handling longer-term... Read More

New Government Run Health Insurance Option Could Be More Expensive Than Initial Projections, Study Shows
Health
New Government Run Health Insurance Option Could Be More Expensive Than Initial Projections, Study Shows
2020-11-05 22:10:36
by Sean Trambley

WASHINGTON -- With Congress considering significant health care reforms, including creating a government-run health insurance plan called the public option, a new study shows that it could be significantly more expensive than previously estimated. The study, released by Lanhee J.... Read More

Committee for Responsible Federal Budget Estimates True Cost of Campaign Plans
Political News
Committee for Responsible Federal Budget Estimates True Cost of Campaign Plans
2020-10-12 14:33:43
by Kate Michael

WASHINGTON -- The Committee for a Responsible Federal Budget, an independent non-profit organization, released its anticipated report on the estimated costs of both Trump’s and Biden’s campaign plans last week. Not surprisingly, they are very expensive plans.  Both candidates have... Read More

DRIVE LESS Act to Reduce Federal Spending on Government Vehicles Has Bipartisan Support
Federal Budget
DRIVE LESS Act to Reduce Federal Spending on Government Vehicles Has Bipartisan Support
2020-10-09 14:49:05
by Sean Trambley

WASHINGTON. – U.S. Senators Jeanne Shaheen, D-N.H., James Lankford, R-Okla., and Angus King, I-Maine, reintroduced their bipartisan legislation to save taxpayer dollars by reducing the federal funding available for the acquisition and leasing of new federal vehicles. The Domestic Reduction... Read More

Senate Votes to Advance Stopgap Spending Bill
Congress
Senate Votes to Advance Stopgap Spending Bill
2020-09-29 21:36:10
by Dan McCue

WASHINGTON - The Senate voted to advance a stopgap spending bill Tuesday night, the penultimate step to avoiding a government shutdown at midnight Wednesday. The vote to limit debate on the measure paves the way for a final vote in... Read More

CBO Long Term Outlook Report ‘Doesn’t Look Good’
Federal Budget
CBO Long Term Outlook Report ‘Doesn’t Look Good’
2020-09-28 13:48:52
by Kate Michael

WASHINGTON — The Congressional Budget Office recently released two new outlook reports. These projections are an update of the U.S. deficit, debt, spending, and revenue over the next decade and beyond, given current laws in place. The pair of reports... Read More

House Passes Stopgap Funding Bill Shortly After Bipartisan Deal
Congress
House Passes Stopgap Funding Bill Shortly After Bipartisan Deal

WASHINGTON — The House swiftly passed a stopgap funding measure needed to avert a partial government shutdown in eight days after top congressional leaders reached a deal resolving a fight over farm payments. On a lopsided vote of 359-57, the... Read More

Federal Deficit Could Balloon to 13% by 2050, CBO Report Says
Federal Budget
Federal Deficit Could Balloon to 13% by 2050, CBO Report Says
2020-09-22 19:04:57
by Reece Nations

WASHINGTON – The federal debt owed by the United States government is expected to grow over the next 30 years to almost twice the size of the nation’s economy, according to the Congressional Budget Office’s Long-Term Budget Outlook report. While... Read More

Stopgap Funding Bill Set for House Vote
Congress
Stopgap Funding Bill Set for House Vote

WASHINGTON — The House will vote Tuesday on a short-term funding bill written by majority Democrats without support from Republicans, increasing the odds of a partial government shutdown in less than 10 days when current spending authority expires. The Democrats’... Read More

Pelosi, Mnuchin Agree to Avoid Government Shutdown in October
Congress
Pelosi, Mnuchin Agree to Avoid Government Shutdown in October

WASHINGTON — House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have agreed to work to avoid a government shutdown right before the election, and not let the stalemate over virus-relief legislation hold up a vital stopgap spending bill. Their... Read More

$1.3 Trillion Spending Package Approved by House, Includes $500 Million For Election Security
Congress
$1.3 Trillion Spending Package Approved by House, Includes $500 Million For Election Security
2020-07-31 19:31:48
by Dan McCue

WASHINGTON - The U.S. House of Representatives on Friday approved a $1.3 trillion spending package which includes bills to fund almost all of the federal government while providing an additional $500 million for election security. The so-called minibus passed 217-197... Read More

House Passes $259.5 Billion Spending Package
Congress
House Passes $259.5 Billion Spending Package
2020-07-24 20:19:01
by Dan McCue

WASHINGTON - The House approved a $259.5 billion spending package Friday, rejecting a White House proposal to slash the budgets of the State Department and Environmental Protection Agency, and providing ample funding for the humanities. The four-bill minibus, the first... Read More

House Proposes Billions of Dollars for Technology Throughout Government
Congress
House Proposes Billions of Dollars for Technology Throughout Government

WASHINGTON — In recent weeks, House appropriators have approved hundreds of billions of dollars in government funding for fiscal 2021, culminating in the Appropriations Committee’s July 15 approval of legislation that would provide nearly $51 billion for the Homeland Security... Read More

US Budget Deficit Hits All-Time High of $864 Billion in June
Federal Budget
US Budget Deficit Hits All-Time High of $864 Billion in June

WASHINGTON (AP) — The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues. The Treasury Department reported Monday... Read More

The Congressional Appropriations Process Explained
Federal Budget
The Congressional Appropriations Process Explained
2020-07-10 19:50:05
by Dan McCue

WASHINGTON - When House Majority Leader Steny Hoyer explains the congressional appropriations process, it all sounds so simple. "Funding the government is the Constitutional responsibility of the Congress," he told The Well News recently, in a statement for this article.... Read More

House Military Spending Bill Barring Funds for Border Wall Advances
Congress
House Military Spending Bill Barring Funds for Border Wall Advances

WASHINGTON — House appropriators approved a $115.5 billion Military Construction-VA spending bill Thursday on a 30-20 vote, with Texas Republican Will Hurd joining Democrats to advance the legislation to the floor. The rest of the panel’s Republicans opposed Democrats’ decision to add $12.5 billion... Read More

Busy Summer Ahead for Appropriators After Pandemic Delays
Federal Budget
Busy Summer Ahead for Appropriators After Pandemic Delays

WASHINGTON — Lawmakers in the coming weeks will begin deciding how to spend another $1.4 trillion in annual appropriations, diving into debates over funding President Donald Trump’s border wall, public health programs and more after coronavirus-related delays sidelined the process... Read More

CBO: May Deficit Down From April, But Still Huge Amid Pandemic
Federal Budget
CBO: May Deficit Down From April, But Still Huge Amid Pandemic

WASHINGTON — The Congressional Budget Office estimated that the federal deficit in May was $424 billion, substantially lower than April’s $738 billion but still the second-largest monthly shortfall since records have been kept. The deficit for the first eight months... Read More

CBO Report Says Federal Highway Fund Could Go Broke In 2022
Transportation
CBO Report Says Federal Highway Fund Could Go Broke In 2022
2020-05-27 19:19:25
by Gaspard Le Dem

WASHINGTON - Federal funding for U.S. highway projects could soon run out, according to a new report by the Congressional Budget Office, a nonpartisan agency that gives lawmakers advice on economic and budgetary matters. The Highway Trust Fund -- a... Read More

US Citizenship and Immigration Services Seeks $1.2 Billion From Congress
Immigration
US Citizenship and Immigration Services Seeks $1.2 Billion From Congress

WASHINGTON — U.S. Citizenship and Immigration Services has requested $1.2 billion in emergency funding due to a drastic decline in green card and other visa applications that could drain its fee-based coffers by this summer, the agency said Monday. USCIS,... Read More

GOP Finds Deficit-Scold Voice Again, Adding Snag to Talks on Aid
Federal Budget
GOP Finds Deficit-Scold Voice Again, Adding Snag to Talks on Aid

The flood of pandemic-relief spending from Washington has rekindled deficit concerns among Republican lawmakers, one of several hurdles facing the next round of stimulus many economists say is needed to pull the U.S. out of its downward spiral. After backing... Read More

Mnuchin Says Rising Budget Deficits to be a Focus ‘Over Time’
Federal Budget
Mnuchin Says Rising Budget Deficits to be a Focus ‘Over Time’

Treasury Secretary Steven Mnuchin said that “over time” the U.S. will need to look into the sharply rising budget deficits created by the multi-trillion-dollar coronavirus support packages. Right now “we’re in a war,” Mnuchin said on “Fox News Sunday.” “We’re... Read More

CBO Says Coronavirus Outbreak and Response Will Quadruple the Federal Deficit
Federal Budget
CBO Says Coronavirus Outbreak and Response Will Quadruple the Federal Deficit
2020-04-24 20:22:06
by Dan McCue

WASHINGTON - Due to a combination of the passage of multiple economic stimulus bills and a deep recession caused by the coronavirus outbreak, the federal deficit for the 2020 fiscal year will quadruple to $3.7 trillion, the Congressional Budget Office... Read More

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

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