On Thursday, the House will vote on the Ryan-Murray budget deal, which hikes federal spending, raises user fees and promises spending cuts a decade from now. Supporters of the deal claim that, over 10 years, it will reduce the deficit by around $20 billion. Show More Summary
House Budget Committee chairman Paul Ryan's office has responded to National Review Online's report about a provision in the budget deal that limits the Senate GOP's ability to block tax increases, arguing that the Republicans in the Senate can still block the passage of any tax bill by filibustering. Show More Summary
The director of the White House’s National Economic Council said in an interview Thursday that the new bipartisan budget agreement would create enough demand in the economy to add between 200,000 and 300,000 jobs in 2014.
The BUDGET (ALL CAPS added)
Paul Ryan and Patty Murray's budget plan could lead to increased funding for national parks, clean water, and clean air.
Ducks Unlimited has named Lisa Irby the new director of operations for conservation at its Memphis-based national headquarters. Irby will focus on DU’s land programs and support national budgeting, strategy and business-planning efforts. She will als...
(WASHINGTON) — The U.S. government ran a much smaller deficit through the first two months of the budget year than last year, signaling further improvement in the nation’s finances. The Treasury Department says the gap between revenue and spending for November was $135.2 billion. Show More Summary
Conservatives on Capitol Hill are not exactly rushing to embrace the Murray-Ryan budget deal. National Review Online has obtained the following highly critical analysis of the deal that is circulating among House and Senate offices:Analysis...Show More Summary
The National Reconnaissance Office, which builds and operates U.S. intelligence satellites, has just released the unclassified portions of its FY 2014 Congressional Budget Justification, a detailed account of its budget request for the current year. Show More Summary
Can Washington actually pass a budget without last-minute theatrics? This year, there's hope. Is Washington, D.C. finally getting out of its own way?It’s too soon to declare the nation’s capital fully functional, of course. But the budget...Show More Summary
A modest cut in the slowdown of the growth of debt in the most indebted nation on earth is being heralded as a 'win' by many (even if the 'market' is entirely ignoring it). We leave it to Speaker Boehner to explain the "compromise" but...Show More Summary
In spite of right-wing carping and grandstanding by faux advocates of a strong military (especially Florida Sen. Marco Rubio, who gave “strong on defense” speeches overseas but now has returned home to continue genuflecting to the far right), Republican negotiators have a right to be pleased with the budget deal they came up with. They […]
The National Defense Authorization Act is almost passed in both Houses of Congress according to the link that Pat sent us from Military.com. It secured a whopping 1% pay raise for the troops and, the best news is that retirees who were booted from Tricare prime are being given an opportunity to re-enroll; Patricia Kime […]
The budget deal that House Budget Committee chairman Rep. Paul Ryan (R-WI) negotiated with Senate Budget Committee chairwoman Sen. Patty Murray (D-WA) will still add $8 trillion to the already-oversized national debt according to data included in statements made by Ryan and Murray, Breitbart News has learned. Show More Summary
WASHINGTON (Reuters) - Budget negotiators in the Congress have reached an agreement on Tuesday that, if approved by the House and Senate, could restore some order to the nation's chaotic budget process and avoid another government shutdown on January 1...
"Compromise." They're announcing it now, live, on FoxNews (and I imagine a lot of other stations). National Journal laid out the basics: Budget negotiators were tantalizingly close Tuesday afternoon to reaching a two-year deal that would set annual spending levels...
Just as President Obama was decrying our nation’s rising income inequality, the Congressional Budget Office provided him with some new ammunition. CBO’s latest report on household income and taxes—which goes only through 2010—shows that the rich have indeed gotten richer. (Full disclosure: In my former life at CBO, I helped assemble these income and tax […]
State governments continue to slowly recover from the deep recession as its effects on tax revenues, spending and hiring still linger, according to a survey by the National Association of State Budget Officers.
Congressional Budget Office, The Distribution of Household Income and Federal Taxes, 2010: The increase in the nation’s economic activity in 2010 affected households’ income, federal tax liabilities, and federal tax rates. In this report, the Congressional Budget Office (CBO) presents its estimates of the distribution of household income and federal...
Here is the latest: House and Senate negotiators were putting the finishing touches Sunday on what would be the first successful budget accord since 2011, when the battle over a soaring national debt first paralyzed Washington. I have not seen enough detail to judge this emerging deal, but it seems it will reverse some of […]