federal budget

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Biden Budget Floats Tax Breaks for Families

White House releases blueprint for spending

(Newser) - President Biden on Monday released a budget proposal aimed at getting voters' attention: It would offer tax breaks for families, lower health care costs, smaller deficits, and higher taxes on the wealthy and corporations. House Speaker Mike Johnson issued a joint statement with other GOP leaders calling the Biden proposal...

House Sends $460B Package to Senate Ahead of Deadline

Spending bills leave some Republicans who wanted big cuts unhappy

(Newser) - The House passed a $460 billion package of spending bills Wednesday that would keep money flowing to key federal agencies through the remainder of the budget year. The Senate is expected to take up the legislation and send it to President Biden before a midnight Friday shutdown deadline, the AP...

Congress Sends President Another Stopgap Spending Bill

Parties worked together, Schumer says, as GOP opposition lost out

(Newser) - Congress approved a stopgap spending bill on Thursday, the third in four months , to prevent a government shutdown for another six weeks. Supporters in the House overcame opposition by Republican hardliners and an effort to tie their measures on border security to the budget, the Washington Post reports, after the...

House, Senate Leaders Agree to $1.66T Budget

Package will have to clear both houses to avert shutdown, possibly over GOP opposition

(Newser) - Congressional leaders announced Sunday they've reached a deal to finance the federal government for the year, avoiding a shutdown, that totals $1.66 trillion. Despite a Republican push to shrink the budget, the agreement has money for domestic and social safety net programs, the Washington Post reports. The next...

Biden Plan Goes in Opposite Direction of GOP Wishes

President unveils budget proposal calling for higher spending, plus tax increases

(Newser) - President Biden unveiled the third budget of his presidency on Thursday. If you're tempted to get deep in the weeds on its details, be aware of one crucial detail: It "has no chance of becoming reality," writes Jim Tankersley at the New York Times . Still, the $6....

Biden Rolls Out $5.8T Budget Plan
Biden Rolls Out
$5.8T Budget Plan
Mar 28, 2022 5:08 PM CDT

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...

Biden Plans Minimum Tax on the Richest 700 Americans

Measure would cut deficit and cost Bezos, Musk billions

(Newser) - President Biden's plans for his next budget, to be announced Monday, include a new tax on the wealthiest 700 Americans—designed to bring in $360 billion over the next decade. The Billionaire Minimum Income Tax would set a 20% baseline tax rate on households worth more than $100 million,...

Dems Break Deadlock on $3.5T Budget Blueprint

It passes after Pelosi makes promise to moderates

(Newser) - Democratic leaders have overcome a standoff between progressive and moderates and passed a $3.5 trillion budget plan. A group of moderate House Democrats had threatened to block the plan, potentially derailing a big part of President Biden's agenda, unless there was an immediate vote on the $1 trillion...

Senate Launches 'Vote-a-Rama' on $3.5T Budget Blueprint

Amendment against defunding police passes 99-0

(Newser) - Democrats pushed their expansive $3.5 trillion framework for bolstering family services, health, and environment programs toward Senate passage Tuesday, as Republicans unleashed an avalanche of amendments aimed at making their rivals pay a price in next year’s elections. Congressional approval of the budget resolution, which seems assured, would...

Senate Democrats Reach 'Enormous' Budget Agreement

It envisions spending $3.5T over the coming decade

(Newser) - Senate Democrats announced late Tuesday that they'd reached a budget agreement envisioning spending an enormous $3.5 trillion over the coming decade, paving the way for their drive to pour federal resources into climate change, health care, and family-service programs sought by President Biden. The accord marks a major...

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...

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...

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...

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...

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....

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...

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...

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...

'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...

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...

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