budget

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Johnson In the Same Pickle as Kevin McCarthy

Right flank wants him to renege on bipartisan spending deal

(Newser) - House Speaker Mike Johnson insisted Friday he's sticking with the bipartisan spending deal he struck with other congressional leaders, but he offered no clear path for overcoming hard-right opposition within his own party to prevent a partial government shutdown next week. Johnson emerged from days of testy meetings behind...

Biden Rolls Out $5.8T Budget Plan
Biden Rolls Out
$5.8T Budget Plan

Biden Rolls Out $5.8T Budget Plan

It includes higher taxes on the rich, more money for law enforcement

(Newser) - President Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police, and greater funding for education, public health, and housing. Appearing at the White House with budget director Shalanda Young, Biden said the proposal sends a clear message to...

Pelosi's New Problem: 9 Fellow Democrats

She's given an ultimatum over budget and infrastructure measures

(Newser) - A group of nine Democratic House members has told Speaker Nancy Pelosi they won't vote for the $3.5 trillion budget until the chamber takes up the Senate's infrastructure bill. "We will not consider voting for a budget resolution until the bipartisan Infrastructure Investment and Jobs Act...

Biden Wants to Spend Big on Education

His budget blueprint envisions a relatively small increase for the Pentagon

(Newser) - President Biden released a $1.5 trillion wish list for the federal budget on Friday, one that seeks substantial increases for Democratic priorities like education, health care, housing, and environmental protection, per the AP . The request by the White House budget office spells out Biden’s top priorities as Congress...

Hard-Won Budget, Debt Deal Clears the Senate

The drama-free solution involved compromise on both sides

(Newser) - A hard-won budget and debt deal easily cleared the Senate on Thursday, powered by President Trump's endorsement and a bipartisan drive to cement recent spending increases for the Pentagon and domestic agencies, the AP reports. The legislation passed by a 67-28 vote as Trump and his GOP allies relied...

Trump's Budget Sets Up a Fight Over Medicare
5 Key Takeaways
From Trump's Budget

5 Key Takeaways From Trump's Budget

Among them: He proposes cuts to Medicare as Democrats move in the opposite direction

(Newser) - President Trump proposed a $4.75 trillion budget on Monday, the largest one in history. Here are five takeaways from early coverage:
  • First key point: As the New York Times notes, this presidential budget is typical in that it's more of a political document than something that will affect
...

Unclaimed $1.5B Jackpot Could Be Real Bummer for SC

State had expected to get $61M in state income taxes

(Newser) - The winner of a $1.537 billion lottery jackpot in South Carolina has yet to come forward. That means the state of South Carolina might be a big loser, too. Economic officials estimated the winner would pay $61 million in state income taxes and put that money into the budget....

As Jan. 19 Budget Deadline Approaches, 'It's a Mess'

President Trump to meet with Republicans, Democrats Tuesday

(Newser) - Simply put, "it's a mess," or so an unnamed person involved in Washington's attempt to come to an agreement on a long-term spending plan—something that has to happen by Jan. 19—tells CNN . The hangup isn't spending, but immigration, with Republican John Cornyn accusing...

Haley to UN: We Just Cut $285M From Your Budget

Trump administration accuses UN of 'inefficiency and overspending'

(Newser) - The Trump administration is apparently still stewing about the UN's vote on Jerusalem last week. Ambassador Nikki Haley issued a stark statement tying US financial support of the UN with whether it met US demands—the fourth time in a week's time the US has done so, the...

You Can Ignore All but One Thing in Senate Budget Vote

In addition to usual political theatrics, it includes language to speed up Trump's tax plan

(Newser) - The Senate passed its version of a budget blueprint Thursday night, but even lawmakers acknowledge that it's safe to ignore almost all of it. The blueprint that passed on a 51-49 vote contains many items great for political posturing but unlikely to actually become law. However, its passage accomplishes...

Trump to Puerto Rico: You've Thrown Budget 'Out of Whack'

'And that's fine,' he says

(Newser) - "Every death is a horror," President Trump said Tuesday while meeting with local and federal officials at Muniz Air National Guard Base in Puerto Rico, but other remarks he made weren't quite so heavy. While discussing his administration's response to the devastation on the island, he...

2 Big Deadlines Signal a Risky September
Coinciding
Deadlines
Mean a Risky
September
the rundown

Coinciding Deadlines Mean a Risky September

Debt ceiling could become 'entangled' with budget talks, raising fears of a US default

(Newser) - President Trump's public comments this week have made one thing crystal clear: September is going to be a very big month for the US. Congress faces a Sept. 30 deadline to pass a funding deal to avoid a shutdown, and Trump has thrown a wrench into things by demanding...

Illinois Ends Budget Standoff, Ups Income Tax Rate 32%

It was nation's longest fiscal impasse since the '30s

(Newser) - The Illinois House voted to override Gov. Bruce Rauner's vetoes of a budget package, giving the state its first spending blueprint in more than two years and ending the nation's longest fiscal stalemate since at least the Great Depression, the AP reports. Thursday's action eases some financial...

Even Some Republicans Say Trump's Budget Is 'Draconian'
Even Some Republicans Say
Trump's Budget Is 'Draconian'
The Rundown

Even Some Republicans Say Trump's Budget Is 'Draconian'

Proposed budget includes deep cuts to Medicaid, food stamps, and more

(Newser) - The $4.1 trillion budget sent to Congress Tuesday by President Trump claims it will erase the national deficit by 2027, the AP reports. It will do this by drastically cutting programs for the poor, including Medicaid and food stamps, as well as decreasing funding for medical research, highways, and...

Trump Budget 'Won't Survive Congress'
Even GOP Lawmakers Say
Trump Budget Has No Chance
THE RUNDOWN

Even GOP Lawmakers Say Trump Budget Has No Chance

Cuts labeled 'draconian, careless'

(Newser) - President Trump's first budget proposal appears to have little chance of getting past the people who actually control federal spending. The sweeping spending cutbacks were denounced as extreme Thursday even by Trump's Republican allies in Congress. The cuts to domestic programs are "draconian, careless, and counterproductive,"...

Here's the First Taste of Trump's 'America First' Budget

First budget proposal will seek $54B increase in defense spending

(Newser) - The Trump administration isn't straying from its "America first" mantra: It plans to recommend some significant reallocation of funds in the 2018 budget, bumping defense spending by 10%, or $54 billion. An equivalent amount will be shaved off non-security spending for the budget year starting Oct. 1; law...

Senate Passes GOP Budget at 3:28am

50-plus amendments passed in all-night 'vote-a-rama'

(Newser) - The Senate powered through an 18-hour session that ended at 3:28am this morning, giving a yea or nay to more than 50 amendments in a "vote-a-rama" marathon and, in a 52-46 vote, approving a budget that looks to pave the way for dumping ObamaCare, Reuters reports. Not one...

5 Things to Know About Obama's $3.99T Budget

The goal: a 'sustainable' deficit

(Newser) - President Obama has unveiled his fiscal 2016 budget, and it's not likely to receive a warm welcome from Republicans, Reuters reports. The $3.99 trillion plan for the budget year that begins Oct. 1 is founded on higher taxes both for the wealthy and corporations; some money will come...

Missouri Now Home to One of the Strictest Abortion Laws

GOP kills Dem filibuster to push through bill last night

(Newser) - Missouri is now one of two states requiring a 72-hour waiting period before having an abortion, with no exception for rape or incest, the AP reports. Gov. Jay Nixon's veto of the bill—which he called "extreme and disrespectful" toward women—was overridden by the legislature by the...

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...

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