federal spending

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Cantor Pulls Out of Budget Talks
 Cantor Bails on Budget Talks 
Jun 23, 2011 10:14 AM CDT

Cantor Bails on Budget Talks

Says Boehner, Obama need to work out tax issue

(Newser) - Eric Cantor has told reporters that he’s not attending today’s Joe Biden-led budget meeting, or any future budget meetings, because the group has reached an impasse over taxes that he thinks can only be bridged by John Boehner and President Obama. “We’ve reached the point where...

Big Biz, Tea Party Diverge in Debt Debate

Chamber seeks compromise, Tea Party says 'hell no'

(Newser) - A rift between big business and the Tea Party movement is growing as the very real prospect of America defaulting on its debt looms, the Christian Science Monitor finds. The federal government hit the $14.3 trillion debt ceiling yesterday, and while Tea Party-backed lawmakers are sticking to their guns...

Tea Party on Budget Deal: 'We Won' to 'Disappointed'

Not everybody's happy, but Boehner doesn't have a mutiny on his hands

(Newser) - John Boehner put a happy face on the grinding budget deal reached last night, but reactions varied among the GOP rank-and-file—specifically those with their eye on the Oval Office. Some reactions from around the Beltway, courtesy of Politico:
  • Michele Bachman: “The deal is a disappointment for me and
...

Still No Deal After Latest White House Talks

Obama expecting final answer on budget deal Friday morning

(Newser) - President Obama emerged from the third White House meeting with Harry Reid and John Boehner in 24 hours Thursday night without a deal to avert a government shutdown at midnight Friday. The president told reporters that differences still remain between the two parties, adding "I’m not yet prepared...

Budget Meeting Fails to Avert Shutdown

Shutdown would be 'inexcusable,' Obama says after talks with Reid, Boehner

(Newser) - President Obama emerged from a late-night meeting with John Boehner and Harry Reid Wednesday with no deal to avert a government shutdown. The president told reporters, however, that the 90-minute talk had helped to "narrow the issues" and he's still confident that a deal can be forged before the...

No. of Reps Who Donated to National Debt in 2010: 3

But even if they gave full salaries, they'd barely make a den

(Newser) - For a bunch of people so concerned with the growing national debt, the House of Representatives doesn't have a lot of members putting their money where their mouths are. The House has program that allows representatives to return a portion of their salaries toward debt reduction (the Senate doesn't even...

Obama to Propose Middle-Ground Budget Cuts

Proposed cuts will reduce deficits by $1.1T over 10 years

(Newser) - The budget cuts President Obama will propose tomorrow likely won’t be as deep as Republicans want , but they will nonetheless promise $1.1 trillion in deficit reductions over the next decade, according to a senior administration official. Among the proposed areas to be affected in the fiscal 2012 budget:...

Poll: Majority Want Action on Deficit Now

Public wants spending cuts ... just not to Medicare or Social Security

(Newser) - Some 56% of Americans want the massive federal budget deficit dealt with now instead of when the economy improves, according to a New York Times / CBS poll, and 62% say they would prefer the deficit be addressed through spending cuts, rather than higher taxes. That preference, however, changed when...

Another Temporary Budget Strains Federal Agencies

SEC can't hire; foreign aid money blocked; no end in sight

(Newser) - Because Democrats and Republicans are at loggerheads on spending, Congress had to approve yet another stopgap budget measure yesterday to keep the government running through March. While federal agencies avoided a shutdown, they've got to keep operating at last year's spending levels, a development that amounts to a budget cut...

Dem Governor: ObamaCare Tempts Firms to Dump Plans

Tennessee's Bredesen foresees exodus to federally-subsidized insurance

(Newser) - If you crunch the numbers, President Obama’s health care plan is a great incentive for employers to stop providing coverage and put their workers in the hands of government-subsidized plans, meaning “much greater cost” for the US, writes Democratic Tennessee Gov. Phil Bredesen in the Wall Street Journal...

Deficit Breaks $1T Again

 Deficit Breaks 
 $1T Again 
Oct 15, 2010 7:10 AM CDT

Deficit Breaks $1T Again

Budget gap shrinks, but is set to grow

(Newser) - The federal budget deficit is set to break a trillion dollars for the second year in a row, the Obama administration is set to report today. Officials foresee a deficit of $1.29 trillion for the 2010 budget year that ended Sept. 30, the AP reports, down from last year’...

Democrats Are Out of Gas
 Democrats Are Out of Gas 
DAVID BROOKS
Mar 23, 2010 5:39 AM CDT

Democrats Are Out of Gas

Party 'lacks vigor now that welfare state is complete'

(Newser) - The Democrats' passage of health care reform felt like a family reunion where you saw "the whole panoply of what you loved and found annoying about these people" to David Brooks. President Obama and Nancy Pelosi deserve posterity "for sheer resilience," he writes, but as the last...

Senators Fight to Keep Sending Pork Home

Upper chamber unlikely to follow House's lead on earmarks

(Newser) - House members may be pushing earmark reform, but many of their Senate colleagues refuse to let go without a fight—in fact, Politico notes, it may be the one issue on which senators from both parties can agree on. Lawmakers from both sides argue that the money would be spent...

Washington Is Waking Up to Public's Spending Fears
Washington Is Waking Up to Public's Spending Fears
PEGGY NOONAN
Feb 19, 2010 9:33 AM CST

Washington Is Waking Up to Public's Spending Fears

GOP needs to build consensus for cuts—and win back White House

(Newser) - President Obama may be just trying to save his political life with the creation of a bipartisan commission on government spending but the move shows Washington is waking up to the public's worries, writes Peggy Noonan. Concerns about federal spending and its implications for America's future have, just in time,...

Obama Is Acting Like a One-Term President

 Obama Is Acting Like 
 a One-Term President 
PEGGY NOONAN
Feb 12, 2010 5:15 AM CST

Obama Is Acting Like a One-Term President

He refuses to move to the center, writes Noonan, when that could save him

(Newser) - Obama seems to genuinely mean it when he says he'd rather be a really good one-term president than a mediocre two-term president, and that could explain a lot, writes Peggy Noonan. He "equates becoming more centrist with becoming more like George W. Bush," which is why he's refusing...

How Old Fogies Can Save America

 How Old 
 Fogies 
 Can Save 
 America 
david brooks
Feb 2, 2010 1:26 PM CST

How Old Fogies Can Save America

Brooks: They need to unite in the cause of selflessness

(Newser) - Forget Washington—America's salvation lies with its senior citizens, writes David Brooks. He wants them to form a sort of tea party of their own, not to accrue more financial benefits but to return some they already have. Federal spending tilts too heavily toward the old instead of the young,...

Congress Ups Nat'l Debt Ceiling to $12.4T

Bill would authorize Treasury to fund gov through Feb.

(Newser) - The Senate voted today to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit and a political problem that President Barack Obama has promised to address next year. The Senate's rare Christmas Eve vote, 60-39, follows House passage last week and...

Hoyer: US Must Raise Debt Ceiling $1.8T

Not until we have a solution, say moderate Dems and GOP

(Newser) - House Democrats are attempting to raise the national debt ceiling by $1.8 trillion to pay for loans coming due next year, despite strong opposition from Blue Dogs, their brethren in the Senate, and the GOP. House Majority Leader Steny Hoyer said today the move is necessary, and Nancy Pelosi...

The Obama He Doesn't Want You to See
 The Obama 
 He Doesn't 
 Want You 
 to See 
7 not-so-hot Baracks
Nov 30, 2009 10:20 AM CST

The Obama He Doesn't Want You to See

President loath to look weak, profligate

(Newser) - President Obama’s ability to control his image seems to be spinning out of control, with several damaging narratives taking hold in the public consciousness. Politico breaks down the narratives Obama is most threatened by:
  • Obama the Big Spender: Though economists cheered on the stimulus, the backlash was severe among
...

Congress Votes to Boost Own Budget

Capitol Hill scoffs at belt-tightening, jacks funding 5.8%

(Newser) - With local governments around the country tightening their belts, Congress is loosening theirs. The House last week approved a 5.8% bump in the legislative budget, and the Senate is poised to do so as well. That’ll bring Capitol Hill’s annual budget to $4.7 billion, Politico reports....

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