Federal Budget

2023-04-25 18:33:41
by Dan McCue
GOP Debt Ceiling Proposal Declared DOA by OMB

WASHINGTON — It came as no surprise, but the House Republican debt-ceiling plan known as the “Limit, Save, Grow Act... Read More

WASHINGTON — It came as no surprise, but the House Republican debt-ceiling plan known as the “Limit, Save, Grow Act of 2023” will be dead on arrival should it somehow make it to President Joe Biden’s desk, the White House... Read More

2023-04-19 20:00:04
by Dan McCue
War of Words Continues Between White House, House Speaker McCarthy

WASHINGTON — President Joe Biden is continuing the war of words with House Speaker Kevin McCarthy, R-Calif., using successive public... Read More

WASHINGTON — President Joe Biden is continuing the war of words with House Speaker Kevin McCarthy, R-Calif., using successive public appearances this week to pan the speaker’s proposed plan to raise the debt ceiling as “the same old trickle-down dressed... Read More

2023-04-17 20:20:21
by Dan McCue
McCarthy Blames Biden for Debt Ceiling Impasse in Wall Street Speech

WASHINGTON — House Speaker Kevin McCarthy, R-Calif., traveled to Wall Street on Monday to both blame President Joe Biden for... Read More

WASHINGTON — House Speaker Kevin McCarthy, R-Calif., traveled to Wall Street on Monday to both blame President Joe Biden for the ongoing impasse over raising the nation’s debt ceiling and announce that the chamber’s Republican Conference intends to move its... Read More

2023-03-31 20:35:09
by Dan McCue
Cuellar Leads Bipartisan Effort to Slash Wasteful Spending

WASHINGTON — Rep. Henry Cuellar, D-Texas, is leading a bipartisan and bicameral effort to identify and eliminate wasteful agency spending... Read More

WASHINGTON — Rep. Henry Cuellar, D-Texas, is leading a bipartisan and bicameral effort to identify and eliminate wasteful agency spending and save taxpayers money. The vehicle for his effort is the Identifying and Eliminating Wasteful Programs Act, which Cuellar introduced... Read More

Biden Budget Seeks Big Deficit Cuts in Challenge to GOP

WASHINGTON (AP) — With the government at risk of defaulting, President Joe Biden on Thursday will make his opening offer... Read More

WASHINGTON (AP) — With the government at risk of defaulting, President Joe Biden on Thursday will make his opening offer in a high-stakes debate over federal finances as he proposes a federal budget that would cut deficits by nearly $3... Read More

2023-02-02 20:40:48
by Dan McCue
McCarthy, Biden, Have ‘Good’ First Meeting on Debt Crisis 

WASHINGTON — House Speaker Kevin McCarthy, R-Calif., emerged with a smile from an hour of highly anticipated budget talks with... Read More

WASHINGTON — House Speaker Kevin McCarthy, R-Calif., emerged with a smile from an hour of highly anticipated budget talks with President Joe Biden on Wednesday, but gave no indication how quickly next steps will progress to avoid a default on... Read More

2023-01-13 19:48:15
by Dan McCue
US Will Hit Debt Limit on Thursday, Yellen Tells Congress

WASHINGTON — Treasury Secretary Janet Yellen warned Congress on Friday that she will have to begin employing “extraordinary measures” next... Read More

WASHINGTON — Treasury Secretary Janet Yellen warned Congress on Friday that she will have to begin employing “extraordinary measures” next Thursday, Jan. 19, to continue to pay the nation’s bills. The notice from Yellen, spelled out in a letter to... Read More

2023-01-13 16:40:59
by Dan McCue
Blue Dogs Assail House GOP Decision to Void PAYGO Rule

WASHINGTON — House Republicans who voted to eliminate a longstanding pay-as-you-go rule earlier this week are getting an earful from... Read More

WASHINGTON — House Republicans who voted to eliminate a longstanding pay-as-you-go rule earlier this week are getting an earful from colleagues in the Blue Dog Coalition of House Democrats. “This rules package reveals the hypocrisy of Republican posturing on fiscal... Read More

2022-12-22 21:46:24
by Dan McCue
Senate Passes $1.7T Spending Bill, Sends on to House

WASHINGTON — The Senate passed a sweeping $1.7 trillion spending package Thursday, overcoming last minute objections related to the future... Read More

WASHINGTON — The Senate passed a sweeping $1.7 trillion spending package Thursday, overcoming last minute objections related to the future of Title 42, and sending the measure on to the House in time to avert a partial government shutdown. The... Read More

Lawmakers Unveil $1.7T Bill to Avoid Shutdown, Boost Ukraine

WASHINGTON (AP) — Congressional leaders unveiled a government-wide $1.7 trillion spending package early Tuesday that includes another large round of... Read More

WASHINGTON (AP) — Congressional leaders unveiled a government-wide $1.7 trillion spending package early Tuesday that includes another large round of aid to Ukraine, a nearly 10% boost in defense spending and roughly $40 billion to assist communities across the country... Read More

2022-12-16 15:04:23
by Dan McCue
Stopgap Spending Bill Clears Senate With Omnibus Package Expected Monday

WASHINGTON — The Senate voted 71-19 on Thursday to clear a one-week continuing resolution to keep the government funded as... Read More

WASHINGTON — The Senate voted 71-19 on Thursday to clear a one-week continuing resolution to keep the government funded as lawmakers finish work on the omnibus spending package. Lawmakers now have through Dec. 23 to get the massive spending plan... Read More

2022-09-30 18:40:37
by Dan McCue
Party Line House Vote Keeps Govt. Open Through Dec. 16

WASHINGTON — The House approved a short-term stopgap spending bill Friday, averting a partial shutdown of the government that could... Read More

WASHINGTON — The House approved a short-term stopgap spending bill Friday, averting a partial shutdown of the government that could have begun at midnight. The 230-201 vote in the Democratic-led House was largely along party lines. The so-called continuing resolution... Read More

2022-09-06 17:05:43
by Dan McCue
The Sprint Is On: So Much to Do, So Little Time

WASHINGTON — With Labor Day weekend now in the rearview mirror, Congress began to reconvene on Capitol Hill on Tuesday... Read More

WASHINGTON — With Labor Day weekend now in the rearview mirror, Congress began to reconvene on Capitol Hill on Tuesday with much to do and little time to do it before the midterm elections are in full swing. The Senate... Read More

2022-08-16 15:39:26
by Dan McCue
Budget Hawk Fears Prescription Drug Rebate Will Become Fiscal Gimmick

WASHINGTON — A key compromise to ensure the passage of the Inflation Reduction Act could result in substantially less savings... Read More

WASHINGTON — A key compromise to ensure the passage of the Inflation Reduction Act could result in substantially less savings than was promised and may well wind up being nothing more than a “budget gimmick” in the hands of future... Read More

AP FACT CHECK: GOP Skews Budget Bill’s Impact on IRS, Taxes

Republican politicians and candidates are distorting how a major economic bill passed over the weekend by the Senate would reform the IRS... Read More

Republican politicians and candidates are distorting how a major economic bill passed over the weekend by the Senate would reform the IRS and affect taxes for the middle class. The “ Inflation Reduction Act,” which awaits a House vote after passing in the Senate on... Read More

2022-07-27 20:16:28
by Dan McCue
One-Two Punch of Economic News Has Budget Hawks Calling for Action

WASHINGTON — The Congressional Budget Office released a long-term economic forecast on Wednesday that has the national debt rising to... Read More

WASHINGTON — The Congressional Budget Office released a long-term economic forecast on Wednesday that has the national debt rising to 185% of gross domestic product in 2052, with interest payments to cover that debt poised to quadruple as a share... Read More

2022-05-13 21:01:58
by Tom Ramstack
Space is the Future for National Defense, Military Officials Tell Congressional Panel

WASHINGTON — Space was described as the final frontier for defending the United States against weapons of mass destruction from... Read More

WASHINGTON — Space was described as the final frontier for defending the United States against weapons of mass destruction from China and Russia at a congressional hearing Friday. Leading the U.S. defense effort is the Space Force, a new branch... Read More

2022-04-27 20:16:10
by Alexa Hornbeck
FDA Falls Short of User Fee Goals but Still Seeks Double the Budget

WASHINGTON — Members of the Senate Committee on Health, Education, Labor and Pensions wanted to know why the U.S. Food... Read More

WASHINGTON — Members of the Senate Committee on Health, Education, Labor and Pensions wanted to know why the U.S. Food and Drug Administration is requesting nearly double its annual budget while failing to meet many of the goals tied to... Read More

2022-04-08 18:02:38
by Dan McCue
Fiscal Watchdog Says Recess Will Give Senate Time to Fix Flaw in Relief Funding

WASHINGTON — The bipartisan COVID-19 relief bill introduced this week in the Senate had a fatal flaw beyond a lack... Read More

WASHINGTON — The bipartisan COVID-19 relief bill introduced this week in the Senate had a fatal flaw beyond a lack of support from Republicans, its “pay-as-you-go” billing was completely illusory, a prominent fiscal watchdog said Friday. The Concord Coalition is... Read More

2022-03-15 21:38:46
by Dan McCue
Shalanda Young Confirmed as OMB Director

WASHINGTON — The Senate on Tuesday voted 61-36 to confirm Shalanda Young as director of the Office of Management and... Read More

WASHINGTON — The Senate on Tuesday voted 61-36 to confirm Shalanda Young as director of the Office of Management and Budget, making her the first Black woman in history to head the office and the fifth Black woman to be... Read More

2022-03-15 20:40:12
by Alexa Hornbeck
White House Outlines Dire Outcomes if Congress Fails to Pass COVID Relief Aid Bill 

WASHINGTON — The White House issued a letter to House Speaker Nancy Pelosi on Tuesday outlining what might happen now... Read More

WASHINGTON — The White House issued a letter to House Speaker Nancy Pelosi on Tuesday outlining what might happen now that the $22.5 billion in COVID-19 relief aid was dropped from the Consolidated Appropriations Act of 2022. “We continue to... Read More

Top Lawmakers Reach Deal on Ukraine Aid, $1.5T Spending

WASHINGTON (AP) — Congressional leaders reached a bipartisan deal early Wednesday providing $13.6 billion to help Ukraine and European allies... Read More

WASHINGTON (AP) — Congressional leaders reached a bipartisan deal early Wednesday providing $13.6 billion to help Ukraine and European allies plus billions more to battle the pandemic as part of an overdue $1.5 trillion measure financing federal agencies for the... Read More

2022-03-01 21:37:29
by Dan McCue
Hoyer Urging Omnibus Deal Get Done Early Next Week

WASHINGTON — House Majority Leader Steny Hoyer, D-Md., said Tuesday he’s urging congressional budget negotiators to strike a deal on... Read More

WASHINGTON — House Majority Leader Steny Hoyer, D-Md., said Tuesday he’s urging congressional budget negotiators to strike a deal on an omnibus spending package by early next week, so that the Senate can act on it well ahead of the... Read More

2022-02-09 19:08:45
by Dan McCue
Negotiators Say They’ve Reached 'Breakthrough' in Government Funding Talks

WASHINGTON— House and Senate appropriators announced Wednesday that they’ve agreed on a framework for approving a fiscal year 2022 spending... Read More

WASHINGTON— House and Senate appropriators announced Wednesday that they’ve agreed on a framework for approving a fiscal year 2022 spending plan. Though they offered little insight into what the framework is, the chairs of the House and Senate Appropriations Committees... Read More

2022-02-08 23:44:57
by Dan McCue
House Passes Stopgap Funding Bill to Prevent Shutdown

WASHINGTON — The House on Tuesday passed a stopgap measure to extend funding of the federal government through March and... Read More

WASHINGTON — The House on Tuesday passed a stopgap measure to extend funding of the federal government through March and allow negotiations of a more long-term spending package more time to bear fruit. The vote was 272-162, with 51 Republicans... Read More

2022-02-07 20:30:14
by Dan McCue
House to Consider Extending Stopgap Funding to March 11

WASHINGTON — The House is poised to take up a stopgap funding measure aimed at keeping the government open through... Read More

WASHINGTON — The House is poised to take up a stopgap funding measure aimed at keeping the government open through March 11 and giving congressional negotiators more time to strike a deal that would fund it through the rest of... Read More

2022-01-13 20:10:44
by Dan McCue
Sense of Urgency Grows as Deadline for New Spending Bill Approaches

WASHINGTON — With most eyes on Capitol Hill glued to the drama transpring in the Senate this week over the... Read More

WASHINGTON — With most eyes on Capitol Hill glued to the drama transpring in the Senate this week over the fate of the filibuster and a pair of sweeping election reform bills, a small group of lawmakers is quietly working... Read More

2022-01-07 19:04:20
by Dan McCue
Americans Growing More Concerned Over National Debt, Peterson Survey Finds

WASHINGTON — With the nation’s debt standing at a record $29 million, a growing number of Americans are growing increasingly... Read More

WASHINGTON — With the nation’s debt standing at a record $29 million, a growing number of Americans are growing increasingly concerned that unsustainable federal spending will upend the economy and ultimately, their personal well-being, finds a new analysis from the... Read More

2021-12-16 18:50:42
by Dan McCue
Biden Signs Bill to Raise Debt Ceiling, Averting Default

WASHINGTON — President Joe Biden has signed a bill raising the debt ceiling by $2.5 trillion, setting aside with the... Read More

WASHINGTON — President Joe Biden has signed a bill raising the debt ceiling by $2.5 trillion, setting aside with the stroke of his pen the daunting prospect that the nation  would default on its debts. The White House announced the... Read More

2021-12-15 20:31:33
by Dan McCue
Senate Approves Defense Authorization Bill

WASHINGTON — The Senate on Wednesday afternoon passed the National Defense Authorization Act, ending a prolonged standoff on amendments, many... Read More

WASHINGTON — The Senate on Wednesday afternoon passed the National Defense Authorization Act, ending a prolonged standoff on amendments, many of which were jettisoned from the final bill. In the end the vote was a decidedly bipartisan 89-10. The bill... Read More

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