House Republicans revealed their 2016 budget plan, pushing for deep cuts to lower the deficit, while preserving defense spending. What are the political calculations behind the proposal? Political editor Lisa Desjardins joins Gwen Ifill for a look at the priorities…
By Jill Colvin, Associated Press and Geoff Mulvihill, Associated Press
New Jersey Gov. Chris Christie is proposing a new round of major pension and health benefit cuts for public employees in his budget address Tuesday, a day after a judge ordered his administration to restore $1.57 billion in delayed payments…
By PBS NewsHour
In our news wrap Monday, Congress must approve a budget for the Department of Homeland Security by Friday. If lawmakers can’t break the impasse over the president’s immigration actions, about 30,000 workers could be furloughed. Also, winter’s latest icy blast…
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?…
By PBS NewsHour
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.
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.
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.
By Jim Kuhnhenn, Associated Press and 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…
By Lisa Desjardins, Domenico Montanaro, Rachel Wellford and 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.
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.
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