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Ryan Sees Balanced Budget in 10 Years

But that would require repeal of ObamaCare

(Newser) - Paul Ryan unveiled a Republican budget plan today that would slash $5.1 trillion in federal spending over the coming decade and balance the government's books with wide-ranging cuts in programs like food stamps and government-paid health care for the poor and working class. About 40% of Ryan's... More »

Obama Budget Looks to Expand Tax Breaks for Poor

Budget also calls for drastic shift in military footing

(Newser) - President Obama will release his annual budget blueprint today, and it's widely expected to go precisely nowhere in Congress. "It's designed primarily as an appeal to his Democratic base," writes Darren Samuelsohn at Politico . But the New York Times notes that Obama is using the opportunity... More »

Federal Deficit Has Biggest Drop Since WWII

$680B deficit is lowest since 2008

(Newser) - The federal budget deficit for fiscal 2013 has plunged by more than $400 billion, the biggest drop since the end of World War II, the Treasury Department says. It comes in at $680 billion—not exactly pocket change, but a lot better than the trillion-plus deficits of the last five... More »

Obama Snubs GOP, Ditches Social Security Cuts

Olive branch to Boehner is rescinded

(Newser) - President Obama is done playing nice with the budget. The White House will be ditching a proposal to curtail Social Security cost-of-living increases, along with other policies that he included last year in an attempt to reach out to Republicans, the Wall Street Journal reports. "This year, the administration... More »

Senate Sends $1.1T Spending Bill to Obama

No drama: President gets it in plenty of time before Saturday deadline

(Newser) - This budget stuff isn't so hard after all. Congress has easily passed a $1.1 trillion bill easing the harshest effects of last year's automatic spending cuts. The sweeping 72-26 Senate vote today to fund the government through September sends the bill to the White House for President... More »

There's a Secret Provision in Congress' Spending Bill

It would kill Obama's plans to take the drone program out of CIA hands

(Newser) - Congress' $1.1 trillion spending bill contains a secret provision torpedoing President Obama's plans to pass the drone program from the CIA to the Pentagon. In a classified annex, the bill specifically prohibits any funds being used to facilitate such a transfer, the Washington Post reports. Obama wants to... More »

House Easily Passes Bipartisan Budget Bill

It's expected to clear the Senate quickly

(Newser) - Party leaders pushed a massive $1.1 trillion spending bill for this year through the House today, shunning the turmoil of recent budget clashes with a compromise financing everything from airports to war costs. The huge bill furnishes the fine print—1,582 pages of it—for the bipartisan pact... More »

As Deficit Plummets, Feds Actually Saw Surplus in Dec.

Fiscal Q1 figures were looking decidedly up, CBO reveals

(Newser) - Don't look now, but after years of congressional dogfights, the federal budget deficit is in pretty good shape. The deficit plummeted by more than a third in October, November, and December—the first three months of fiscal 2014—the Congressional Budget Office announced yesterday, Reuters reports. In fact, December... More »

Senate Passes 2-Year Budget Deal

Bipartisan measure now ready for Obama's signature

(Newser) - It's official: Congress has sent President Obama a bipartisan budget deal that scales back across-the-board spending cuts on programs ranging from the Pentagon to the national park system. The final vote on the two-year measure was 64-36 in the Senate. The House approved the bill last week. The legislation... More »

GOP Joins as Budget Clears 1st Senate Vote, 67-33

Deal should pass Senate no later than tomorrow

(Newser) - Conservatives still don't love the bipartisan budget deal passed by the House last week , but as expected, it advanced in the Senate today after a number of Republican senators declared their support. In some cases, their quite tepid support: The deal "isn’t everything I’d hoped it... More »

Boehner Just 'Got His Irish Up' With Right-Wing Groups: Ryan

Wisconsin Republican tries to soften rift with Tea Partiers

(Newser) - John Boehner's attack on right-wing advocacy groups over the federal budget deal? Well, he "just kind of got his Irish up," said Paul Ryan on an interview on Meet the Press, reports Politico . "He was frustrated that these groups came out in opposition to our budget... More »

House Passes Budget Bill

2-year deal clears by wide margin; Senate expected to vote next week

(Newser) - The unusual promise of a no-drama, no-shutdown deal on the federal budget just cleared its biggest hurdle: The modest two-year pact negotiated by Paul Ryan of the House and Patty Murray of the Senate cleared the full House of Representatives today by a vote of 332-94, reports the Washington Post... More »

Boehner Slams Conservative Critics

Speaker says right-wing groups out of line for criticism of budget deal

(Newser) - John Boehner slammed political advocacy groups today, which would be no big surprise except the groups in his sights are on the right, not the left. "They're using our members and they're using the American people for their own goals," Boehner told reporters, after prominent conservative... More »

No Big Winner in Budget Deal

But are 'fees' just tax hikes?

(Newser) - A budget deal agreed upon by the House and Senate has come early , and it may prevent another shutdown—but pundits aren't exactly cheering about it. Among the responses:
  • At Slate , Matthew Yglesias says the plan will "improve the economy moderately and it achieves the GOP’s goal
... More »

House, Senate Negotiators Reach Early Budget Deal

Ryan, Murray replace some sequester cuts

(Newser) - No shutdown drama this time? House and Senate negotiators have reached a budget deal well ahead of the Jan. 15 deadline, reports USA Today . Republican Paul Ryan of the House and Democrat Patty Murray of the Senate announced the $85 billion package this evening, with votes in both chambers expected... More »

GOP Looks Ready to Sabotage Itself Again

'Wall Street Journal' editors say budget standoff could negate ObamaCare gains

(Newser) - The conservative editorial page of the Wall Street Journal sounds pretty hopeful that the troubles of ObamaCare will translate into solid GOP gains in next year's midterms. But the editors also see signs that Republicans are going to once again blow it with a "stupid, futile budget standoff.... More »

Pentagon's Cooked Books Hide Lost Billions

Reuters finds $8.5T in spending has never been audited

(Newser) - A Reuters investigation looks deep inside one of the biggest and most complex works of military fiction of all time: the Pentagon's books. Defense Department sources say it is routine to use phony numbers—"plugs"—to make the numbers of defense agencies match those from the Treasury... More »

End of an Era: No More Paper Nautical Charts

Come April, the big maps will be a thing of the past

(Newser) - The digital age is doing away with a mariner tradition: The federal government will stop printing old-school nautical charts this April, reports NPR . Those would be the 3-by-4-foot paper charts that nobody used much more anyway, notes AP . Instead, boaters have increasingly relied on digital maps and "print-on-demand" charts... More »

Government Shutdown: No End in Sight

Dems shoot down GOP 'piecemeal' strategy

(Newser) - It's Day 2 of the government shutdown and it's starting to look like this could go on for a while. In contrast to other budget showdowns of recent years, there have been no serious negotiations between President Obama and John Boehner—and no sign that Joe Biden and... More »

Government Shutdown? 'Bring It On'

Matthew Yglesias: A brief one gives us a chance to fix this mess now

(Newser) - We're less than a week away from a possible government shutdown , but it probably won't come to pass, writes Matthew Yglesias at Slate . The safe money right now says that Ted Cruz won't be able to fend off the inevitable result: Republicans will agree to yet another... More »

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