Feb 03 Is the Pentagon padding its budget with funds reserved for fighting overseas? By Dan Sagalyn The 2016 defense budget includes $50.9 billion for the Overseas Contingency Operations, but is a portion of that being used to fund general operations?… Continue reading
Feb 02 Watch 7:12 How will Republicans act on Obama’s budget proposals? By PBS News Hour Gwen Ifill gets analysis from Amy Walter of the Cook Political Report and Nia-Malika Henderson of The Washington Post on President Obama’s budget proposal and the shifting landscape for 2016 GOP contenders, plus an update on the political battles over… Continue watching
Feb 02 Watch 7:56 Dissecting Obama’s 2016 budget proposal By PBS News Hour Shaun Donovan, the White House’s director of the Office of Management and Budget, talks to Gwen Ifill about whether President Obama’s budget proposal can find a political middle ground, especially when Democrats say “invest” and Republicans hear “spend.”… Continue watching
Feb 02 Watch Budget priorities and nonstarters according to the GOP By PBS News Hour How are Republicans responding to President Obama’s 2016 budget? Gwen Ifill gets reaction from Sen. Chuck Grassley, R-Iowa, on issues like sequestration, the deficit, infrastructure spending and economic growth for the middle class. Continue watching
Feb 02 Here’s a breakdown of what’s in President Obama’s new budget By Domenico Montanaro Budgets are not much more than political documents, and this one is no different. It's going nowhere in the Republican-led House and Senate, but it will add numbers to those priorities. Continue reading
Feb 02 President Obama sends Congress record $4 trillion budget plan By Martin Crutsinger, Associated Press WASHINGTON — President Barack Obama sent Congress a record $4 trillion budget Monday that would boost taxes on higher-income Americans and corporations, pushing past tight federal spending caps to fund an ambitious public works program and provide middle-class tax relief. Continue reading
Feb 01 Obama to propose foreign profits tax to fund public works By Jim Kuhnhenn, Andrew Taylor, Associated Press President Barack Obama's budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials… Continue reading
Jan 27 Budget outlook shows deficits, health costs down, but debt continues to rise By Lisa Desjardins, Domenico Montanaro, Rachel Wellford, Simone Pathe Budget cuts and increased revenue have again cut the federal deficit. But the Congressional Budget Office forecasts that under current policy (including the sequester/budget cuts) the deficit will start to rise again in 2018. Continue reading
Jan 26 Deficit to shrink to lowest level of Obama presidency, CBO says By Stephen Ohlemacher, Associated Press Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took office, according to congressional estimates released Monday. Continue reading
Jan 15 Money — and leverage — big themes at GOP retreat By Lisa Desjardins HERSHEY, Pa. — Republicans from the House and Senate met here in the “Sweetest Place on Earth” Thursday to hash out their agenda, determine what they will try to do with their newfound control of both chambers and present a… Continue reading