federal budget

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Trump Budget Drops Program Honoring Slain Ambassador

It's the third time Trump administration has eliminated the program's funding

(Newser) - The Trump administration has left an organization created in honor of Chris Stevens, the US ambassador killed in the 2012 Benghazi attack, out of its next budget. The fiscal 2021 budget proposal eliminates the $5 million requested for the nonprofit Stevens Initiative, part of the $420 million cut from the... More »

GOP Chair's Take on Trump Budget: No Hearing Necessary

Senate Budget Committee's Mike Enzi says it's a waste of time, felt the same during Obama years

(Newser) - President Trump released his 2021 budget on Monday to great fanfare, but don't expect to hear much about it in terms of Senate debate. The chair of the Senate Budget Committee says he won't even schedule a hearing on it because the document is essentially meaningless, reports the... More »

Look Out: Here Comes Trump's New Budget Plan

The AP says it relies on 'rosy' projections

(Newser) - Confronted with trillion-dollar-plus deficits for as far as the eye can see, President Trump is offering a budget plan that rehashes previously rejected spending cuts while leaving Social Security and Medicare benefits untouched. Trump’s fiscal 2021 budget plan, expected to be released Monday, isn’t likely to generate a... More »

Parties Cut Spending Deal Adding $400B to Deficit

Trump will sign $1.4T package, aides say, averting shutdown

(Newser) - Congress gave final approval to a $1.4 trillion government spending package Thursday on its way out the door for the holidays, avoiding a potential government shutdown this weekend. Aides said President Trump will sign the two bills by the midnight Friday deadline, Politico reports. In funding the government through... More »

House Passes Bill to Avert Another Possible Shutdown

Senate expected to approve stopgap measure next week

(Newser) - The House passed a short-term bill Thursday to prevent a federal shutdown when the budget year ends Sept. 30, and give lawmakers until the Thanksgiving break to negotiate and approve $1.4 trillion for federal agencies. The Senate is expected to approve the stopgap bill next week, the AP reports.... More »

House Passes Trump-Backed Budget, Debt Deal

The 'must-do' compromise heads off another government shutdown

(Newser) - A hard-won, bipartisan budget and debt compromise between President Donald Trump and Speaker Nancy Pelosi has easily passed the Democratic-controlled House, the AP reports. The bill would head off another government shutdown, permit the Treasury to borrow freely to pay the government's bills, and lock in place recent budget... More »

Budget Deal Takes Shutdown and Default Off the Table

Congressional leaders and Trump reach agreement

(Newser) - President Trump and congressional leaders announced Monday they had struck a critical debt and budget agreement. The deal amounts to an against-the-odds victory for Washington pragmatists seeking to avoid politically dangerous tumult over the possibility of a government shutdown or first-ever federal default, the AP reports. The deal, announced by... More »

Trump Finds a Fresh Avenue for Border Wall Money

Obviously, the House won't be jumping at it

(Newser) - President Donald Trump will seek $8.6 billion in his new budget to build the US-Mexico border wall, two administration officials said Sunday, setting up another showdown with Congress, which has resisted giving him more money for his signature campaign promise. The request would more than double the $8.1... More »

'Dreamers' Left Behind in $1.3T Budget Bill

'No bill of this size is perfect,' Ryan says

(Newser) - Congressional leaders finalized a sweeping $1.3 trillion budget bill Wednesday that substantially boosts military and domestic spending but leaves behind young immigrant "Dreamers," deprives President Trump some of his border wall money, and takes only incremental steps to address gun violence. With an end-of-the-week deadline to fund... More »

Tax Cuts Put One GOP Goal Off Limits in Trump Budget

Lost revenue means federal deficit won't be eliminated

(Newser) - President Trump unveiled a $4.4 trillion budget for 2019 on Monday, and those with lots of free time on their hands can read it in full here . Before doing so, understand that it has somewhere around 0% chance of being turned into law. As is the case with presidential... More »

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... More »

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... More »

White House Didn't Claim Meals on Wheels Doesn't Get Results

But its budget could be disastrous for the nonprofit program anyway

(Newser) - The Trump administration has been under fire after Mick Mulvaney reportedly said funding cuts to Meals on Wheels are justified because the program is "just not showing results." But in fairness to Mulvaney, the Washington Post reports that's not what the budget director actually said. When he... More »

Congress Barely Avoids Government Shutdown

But further budget battles loom

(Newser) - Congress narrowly avoided a government shutdown Wednesday thanks the House passing a temporary spending measure with mere hours to spare, the New York Times reports. However, the measure only funds the federal government through Dec. 11, meaning more budget battles are on the way. According to the Hill , the mood... More »

Senate Passes GOP Budget Going After ObamaCare

Repeal could pass this summer, though president would veto

(Newser) - The Senate today adopted a GOP budget that paves the way for an assault on President Obama's health care law this summer and a partisan showdown over spending bills this fall. The Senate passed the nonbinding measure by a nearly party-line 51-48 vote; the House adopted it last week.... More »

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... More »

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 »

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