Federal Budget

2021-09-20 15:36:00
by TWN Staff
New Jersey Voters Strongly Support Sound Moderate Approach to Governing, Issues

A recent survey in New Jersey’s 11th Congressional District found that voters there overwhelmingly agree with Rep. Mikie Sherrill’s fiscally... Read More

A recent survey in New Jersey’s 11th Congressional District found that voters there overwhelmingly agree with Rep. Mikie Sherrill’s fiscally responsible and bipartisan approach to governing, and support her efforts to apply them to solving thorny issues like those surrounding... Read More

White House Warns That Debt Limit Showdown Could Hurt States

The White House is warning state and local governments about severe cuts to disaster relief, Medicaid, infrastructure grants. school money... Read More

The White House is warning state and local governments about severe cuts to disaster relief, Medicaid, infrastructure grants. school money and other programs if Congress fails to raise the U.S. debt limit. A fact sheet for state and local officials... Read More

2021-09-13 13:38:17
by Reece Nations
U.S. Could Hit Debt Limit by Next Month

WASHINGTON -- The Bipartisan Policy Center, a D.C.-based think tank, released an analysis on Friday projecting that the United States’... Read More

WASHINGTON -- The Bipartisan Policy Center, a D.C.-based think tank, released an analysis on Friday projecting that the United States’ debt limit “X Date” will likely arrive between mid-October and mid-November of this year. The so-called x date represents the... Read More

2021-09-09 23:05:18
by Dan McCue
Murphy Takes Stand: She’ll Oppose ‘Rushed’ Reconciliation Package

WASHINGTON - Rep. Stephanie Murphy, D-Fla., said Thursday that she plans to vote against the spending and tax measures currently... Read More

WASHINGTON - Rep. Stephanie Murphy, D-Fla., said Thursday that she plans to vote against the spending and tax measures currently before the House Ways and Means Committee, chiding party leaders in the process for failing to give members adequate time... Read More

2021-09-08 18:16:10
by Dan McCue
Yellen Warns US May Hit Debt Limit in October

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the... Read More

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October. In a letter to congressional leaders on Wednesday, Yellen said that... Read More

2021-08-27 13:39:40
by Tom Ramstack
$3.5 Trillion Social Benefits Resolution Gets Down to Wire

WASHINGTON -- Congressional leaders signaled Wednesday that the historic $3.5 trillion social benefits package getting its last revisions before a... Read More

WASHINGTON -- Congressional leaders signaled Wednesday that the historic $3.5 trillion social benefits package getting its last revisions before a final vote is likely to include support for more affordable housing. Housing provisions are some of the most controversial portions... Read More

2021-08-24 21:28:24
by Tom Ramstack
House Democrats Break Impasse to Advance $3.5T Budget Plan

WASHINGTON -- House Democrats narrowly approved a $3.5 trillion budget framework Tuesday, hours after coming to agreement with moderates whose... Read More

WASHINGTON -- House Democrats narrowly approved a $3.5 trillion budget framework Tuesday, hours after coming to agreement with moderates whose desire for an immediate vote on the Senate-passed bipartisan infrastructure bill nearly scuttled President Joe Biden's sweeping domestic agenda. In... Read More

2021-08-24 19:00:20
by Dan McCue
Poll Finds Florida Voters Bullish on Bipartisanship, Fiscal Responsibility

Voters in Florida’s 7th Congressional District, a district that tends to vote Republican in local races, but has strongly supported... Read More

Voters in Florida’s 7th Congressional District, a district that tends to vote Republican in local races, but has strongly supported Democrats for president and the House since 2012, are emphatically in favor of bipartisanship and a steady, prudent hand when... Read More

2021-08-24 13:08:18
by Dan McCue
House Leaders to Make Second Try at Budget Vote Tuesday

WASHINGTON -- The House will reconvene at noon Tuesday to take a second stab at ending a stalemate with 10... Read More

WASHINGTON -- The House will reconvene at noon Tuesday to take a second stab at ending a stalemate with 10 centrist members over a $3.5 trillion budget framework.  Rep. Josh Gottheimer, D-N.J., and the other holdouts don’t necessarily oppose the... Read More

2021-08-06 14:33:05
by Dan McCue
Bipartisan Infrastructure Bill Would Add $256 Billion to Deficit, CBO Finds

WASHINGTON -- The bipartisan infrastructure package set to be voted on in the U.S. Senate, perhaps as early as Saturday,... Read More

WASHINGTON -- The bipartisan infrastructure package set to be voted on in the U.S. Senate, perhaps as early as Saturday, would add $256 billion to the federal deficit, the nonpartisan Congressional Budget Office said Thursday The budget office estimated that... Read More

2021-07-14 20:09:47
by Dan McCue
Biden Visits Capitol Hill to Firm Up Support for Budget Deal

WASHINGTON - President Joe Biden traveled to Capitol Hill on Monday for a working lunch with Senate Democrats, a day... Read More

WASHINGTON - President Joe Biden traveled to Capitol Hill on Monday for a working lunch with Senate Democrats, a day after party leaders announced a compromise, $3.5 trillion budget deal that pours federal dollars into a slew of climate change... Read More

Senate Democrats Reach $3.5 Trillion Budget Agreement

WASHINGTON (AP) — Senate Democrats announced late Tuesday that they'd reached a budget agreement envisioning spending an enormous $3.5 trillion... Read More

WASHINGTON (AP) — Senate Democrats announced late Tuesday that they'd reached a budget agreement envisioning spending an enormous $3.5 trillion over the coming decade, paving the way for their drive to pour federal resources into climate change, health care and... Read More

Democrats Eye Immigration Action in Budget, But Outlook Hazy

WASHINGTON (AP) — Congressional Democrats and immigration advocates are staring at their best chance in years to overcome Republican opposition... Read More

WASHINGTON (AP) — Congressional Democrats and immigration advocates are staring at their best chance in years to overcome Republican opposition and give millions of people in the U.S. without legal authorization a way to become citizens. Their goal is to... Read More

2021-07-08 17:15:50
by Dan McCue
Poll Finds Most Americans Want Infrastructure Paid for With Offsets

WASHINGTON - Nine in 10 registered voters want federal infrastructure plans to be paid for with offsets, including clearly identified... Read More

WASHINGTON - Nine in 10 registered voters want federal infrastructure plans to be paid for with offsets, including clearly identified spending cuts or revenue raisers, a new Peterson Foundation poll found. And the result holds true for 86% of Democrats,... Read More

2021-06-28 20:02:22
by Reece Nations
Energy Department Requests $201 Million to Bolster Cyber Defense

WASHINGTON - Secretary of Energy Jennifer Granholm requested $201 million in additional funds to fortify her department’s cybersecurity defenses in... Read More

WASHINGTON - Secretary of Energy Jennifer Granholm requested $201 million in additional funds to fortify her department’s cybersecurity defenses in testimony before the Senate Armed Services Committee on Thursday. Granholm’s request came in response to a ransomware attack on an... Read More

2021-06-02 19:28:23
by Daniel Mollenkamp
Biden's Budget Seeks Bigger Investments And Expanded Authority For FDA

WASHINGTON- The Biden Administration's 2022 budget, released at the end of last week, seeks significant spending increases for the U.S.... Read More

WASHINGTON- The Biden Administration's 2022 budget, released at the end of last week, seeks significant spending increases for the U.S. Food and Drug Administration.  The fiscal year 2022 budget request sets out $6.5 billion for the FDA, an increase of... Read More

Social Spending, Business Tax Hike Drive $6T Biden Budget

WASHINGTON (AP) — President Joe Biden's $6 trillion budget proposal for next year would run a $1.8 trillion federal government... Read More

WASHINGTON (AP) — President Joe Biden's $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people designed to pay for his ambitious spending... Read More

2021-04-09 20:31:02
by Dan McCue
Biden Unveils $1.52 Trillion Budget Proposal

WASHINGTON - President Joe Biden unveiled a $1.5 trillion budget proposal for the 2022 fiscal year, that among other things,... Read More

WASHINGTON - President Joe Biden unveiled a $1.5 trillion budget proposal for the 2022 fiscal year, that among other things, includes a 16% increase in non-defense spending. In his first budget proposal as president, Biden is asking Congress for $753... Read More

2021-03-30 20:13:56
by Reece Nations
CBO 2021 Budget Outlook Stirs Debt, Inflation Concerns

WASHINGTON — The Congressional Budget Office released its long-term budget outlook last week projecting federal debt held by the public... Read More

WASHINGTON — The Congressional Budget Office released its long-term budget outlook last week projecting federal debt held by the public will exceed the nation’s gross domestic product by the year’s end.  The CBO painted a complicated picture in its analysis... Read More

2021-03-22 13:04:41
by Kate Michael
Lowering Healthcare Costs for Government, Businesses and Households

WASHINGTON — National Health Care Expenditures in the United States continue to grow at rates outpacing the broader economy. But... Read More

WASHINGTON — National Health Care Expenditures in the United States continue to grow at rates outpacing the broader economy. But there isn’t just broad agreement among the public and policymakers that healthcare is unaffordable. Many argue that patients aren’t even... Read More

Pace of Spending for Pandemic Aid? Try $43,000 Every Second

BALTIMORE (AP) — To pay out his coronavirus relief package, President Joe Biden must spend an average of $3.7 billion... Read More

BALTIMORE (AP) — To pay out his coronavirus relief package, President Joe Biden must spend an average of $3.7 billion every day for the rest of this year. That's $43,000 every second of every day until midnight chimes on 2022.   For the... Read More

2021-03-05 15:25:44
by TWN Staff
Once COVID is Slain, Sustainable Budgets Must Be Priority

WASHINGTON - A Congressional Budget Office report estimating that persistent budget deficits will cause the federal debt to double in... Read More

WASHINGTON - A Congressional Budget Office report estimating that persistent budget deficits will cause the federal debt to double in size over the next 30 years, "provides a troubling snapshot of America’s fiscal outlook, which we know will only get... Read More

2021-02-09 12:27:48
by TWN Staff
Reps Push Child Tax Credit Expansion But Watchdog Says 'Not So Fast'

WASHINGTON - House Democrats renewed their push to permanently expand and "improve" the Child Tax Credit, but a prominent fiscal... Read More

WASHINGTON - House Democrats renewed their push to permanently expand and "improve" the Child Tax Credit, but a prominent fiscal watchdog warns that while the proposal deserves consideration, it must be fully paid for under the House PAYGO rules and... Read More

2021-01-26 21:22:11
by Dan McCue
Will Congress Revamp Reconciliation to Quickly Pass Biden COVID Relief Plan?

WASHINGTON - It's the buzzword of everyone wanting to bypass GOP resistance and pass President Joe Biden's $1.9 trillion COVID-19... Read More

WASHINGTON - It's the buzzword of everyone wanting to bypass GOP resistance and pass President Joe Biden's $1.9 trillion COVID-19 relief package, and it could upend decades of precedent when it comes to the federal budget process. The word is... Read More

2020-12-21 20:09:18
by Dan McCue
House Releases $2.3 Trillion Government Spending and Virus Relief Bill

WASHINGTON — House Appropriations Committee Chairwoman Nita Lowey, D-N.Y., released the text of a $2.3 trillion omnibus spending bill Monday... Read More

WASHINGTON — House Appropriations Committee Chairwoman Nita Lowey, D-N.Y., released the text of a $2.3 trillion omnibus spending bill Monday afternoon consisting of all 12 fiscal year 2021 appropriations bills, $900 billion coronavirus relief, and other authorizations. In addition to... Read More

2020-12-09 22:14:01
by Dan McCue
House Passes Stopgap Bill to Avoid Government Shutdown

WASHINGTON - The House has passed a week-long stopgap bill to keep the government open through Dec. 18 so lawmakers... Read More

WASHINGTON - The House has passed a week-long stopgap bill to keep the government open through Dec. 18 so lawmakers can continue to negotiate both a longer-term spending package and coronavirus relief. The bill passed 343-67. If the stopgap measure... Read More

Stopgap Readied Amid Year-End Budget, Virus Aid Scramble

WASHINGTON — Lawmakers were finalizing a one-week stopgap funding measure Tuesday to avoid a partial government shutdown starting Friday at midnight,... Read More

WASHINGTON — Lawmakers were finalizing a one-week stopgap funding measure Tuesday to avoid a partial government shutdown starting Friday at midnight, with the only add-ons expected to be a package of expiring health care program extensions, according to Senate Appropriations Chairman Richard C. Shelby.... Read More

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... Read More

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

WASHINGTON — Top appropriators reached bipartisan agreement Tuesday on a framework for an omnibus spending package that would avoid a partial... Read More

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

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

WASHINGTON - With over 10.5 million Americans so far infected with COVID-19, the U.S. health care system’s focus has understandably... Read More

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

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