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Keyword: budget

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  • Congress races to beat deadline on shutdown

    12/05/2019 11:59:23 AM PST · by SkyPilot · 27 replies
    The Hill ^ | 5 Dec 19 | BY JORDAIN CARNEY AND NIV ELIS
    Congress is racing the clock as they rush to prevent another shutdown poised to start in two weeks. Though lawmakers have until Dec. 20 to get a funding bill to President Trump’s desk, negotiators say they really have just a matter of days to reach a deal on the fiscal 2020 bills to prevent having to approve another stopgap measure, formally known as a continuing resolution (CR). Senate Minority Leader Charles Schumer warned Republicans that a wall was a “non-starter for Democrats” and that drawing red lines on the border could result in “another Trump shutdown.” “We had hoped the...
  • Congress' Continuing Resolution Is an Opportunity for Reform

    12/05/2019 6:56:14 AM PST · by Kaslin · 4 replies ^ | December 5, 2019 | Veronique de Rugy
    Once again, Congress failed to pass its budget before the end of the fiscal year on Sept. 30. It also failed to do this critical part of its job before the continuing resolution, or CR -- which they enacted in September to fund the government -- expired on Nov. 21. The sorry result is that Congress compelled itself to adopt yet another CR, one that will run through Dec. 20. If this tale sounds familiar and irresponsible, that's because it is. As of now, Congress finds itself, yet again, in the same position it was in last year when it...
  • Duluth interchange project soars $100M over budget

    11/28/2019 8:29:31 AM PST · by Tolerance Sucks Rocks · 43 replies
    The Duluth News Tribune ^ | November 25, 2019 | Brady Slater
    The Twin Ports Interchange reconstruction project through Lincoln Park soared $100 million over budget this month, forcing planners to defer indefinitely portions of the work scheduled for 2020-23. The $343 million project is scheduled to begin in May. Minnesota Department of Transportation figures released Monday at a regular public meeting about the project showed a $443 million price tag. "This is what happens with every big project," Duane Hill, district engineer based in Duluth, said Monday. "You have to manage it as you go along. We thought we did a good job initially coming up with a budget for this...
  • Trump administration to reduce NATO aid

    11/27/2019 5:49:00 PM PST · by Farcesensitive · 27 replies
    No Excerpt due to USA Today. Link:
  • House, Senate reach deal on fiscal 2020 spending figures

    11/23/2019 11:41:11 AM PST · by BeauBo · 4 replies
    The Hill ^ | 11/23/19 | JORDAIN CARNEY AND NIV ELIS
    Top negotiators from the House and Senate have reached a long-stalled deal on top-line spending figures for the fiscal 2020 bills... Though the House has passed 10 of the 12 fiscal 2020 bills and the Senate has passed four, lawmakers hadn't been able to reach a final deal on any of them as they awaited the deal on the top-line numbers... The deal on subcommittee allocations adheres to the defense and nondefense caps agreed to as part of a two-year budget deal announced in July. Under that agreement, overall defense spending was $738 billion for fiscal 2020, while nondefense spending...
  • U.S., South Korea break off defense cost talks amid backlash over $5 billion demand

    11/19/2019 12:17:02 AM PST · by Farcesensitive · 28 replies
    Reuters via YAHOO ^ | November 18, 2019 | Joyce Lee and Sangmi Cha
    South Korean and U.S. officials broke off talks on Tuesday aimed at settling the cost burden for Seoul of hosting the U.S. military, South Korea's Foreign Ministry said, amid a public backlash over a $5 billion U.S. demand for the bill. The breakdown in talks was a sharp and rare public disagreement in the 66-year alliance, with each side suggesting the other was not prepared to come to a fair and reasonable compromise on sharing the costs for hosting 28,500 U.S. troops as a deterrent to North Korea.
  • Trump Demands South Korea Pay 400% More For US Troops – Report

    11/15/2019 8:04:38 PM PST · by Farcesensitive · 40 replies
    Infowars ^ | November 15, 2019 | Audrey Conklin
    The Trump administration is reportedly demanding South Korea pay 400% more for U.S. troops in the region, officials said. The president’s demands for an increase in spending of about $4.7 billion came as Defense Department Secretary Mark Esper is visiting South Korea to discuss the change in military costs, saying South Korea is wealthy enough to cover what the president is asking for, according to CNN, citing a congressional aide and an administration official. “Sustaining the costs of our global military presence is not a burden that should fall on the US taxpayer alone but is a responsibility that should...
  • Calif. Taxpayers on Hook for Six-Figure Government Pensions

    11/07/2019 9:35:53 AM PST · by MarvinStinson · 32 replies
    freebeacon ^ | NOVEMBER 7, 2019 | Yuichiro Kakutani
    Nearly 80,000 Californians collected six-figure taxpayer-funded pensions in 2018, as retirement costs leave half the state's cities at "high risk" of serious financial distress, according to an analysis. Transparent California, a free-market think tank, found that 6 percent of retired government workers collected more than $100,000 in 2018, an 85 percent jump since 2013. Those payouts represented 20 percent of the $51.7 billion in total pension payments. Taxpayers spent a record-high $40 billion to cover the costs of public sector retirees in 2018, the report also found. The median household income in California is $75,277. The six-figure payouts propel thousands...
  • 2% Budget Cut Rejected [semi-satire]

    11/05/2019 9:18:45 AM PST · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 3 Nov 2019 | John Semmens
    Given the federal government's accumulated $23 trillion national debt and current year projected deficit of nearly a trillion dollars, Sen. Rand Paul (R-KY) introduced an appropriations amendment that would cut 2% from next year's planned federal spending in the departments of commerce, science, justice, transportation, housing, urban development, agriculture; and interior. The Senate rejected this proposal by a 67-24 margin. Sen. Patrick Leahy (D-Vt.), the top Democrat on the Senate Appropriations Committee, urged a vote against Paul's measure, saying that "taking a meat ax to the federal budget is contrary to what the American voters want. Every dollar requested by...
  • Federal Budget Fun and Games for Halloween: Ignoring the bloodcurdling $984 billion deficit

    10/29/2019 11:31:42 AM PDT · by SeekAndFind · 10 replies
    American Thinker ^ | 10/29/2019 | Christopher Chantrill
    What is the funnest thing in America, after Halloween? You got it: the Federal Budget. And just in time for Halloween the Feds issued their report for the just completed FY 2019 with their Monthly Treasury Statement (MTS) for September 2019. Since it was issued late on Friday the 25th you know that there was bad news that the Democrat Operatives with Bylines would want to hype up to the max. It was the Deficit: Up 26%! Soaring! And so on. And yes! The deficit was a bloodcurdling $984 billion in FY 2019, just a tad under One Trillion Dollars. But...

    10/18/2019 6:11:53 PM PDT · by george76 · 36 replies
    Illinois Policy ^ | OCTOBER 16, 2019 | Brad Weisenstein
    East St. Louis is short $9.5 million between a budget deficit and back payments owed to its fire and police pensions. As a result, city leaders are closing a firehouse and laying off nine firefighters. Nine firefighters have been asked to hand in their gear and their fire station will temporarily close as East St. Louis, Illinois, faces a $5.5 million budget deficit and interception of nearly $4 million in state funding for debts owed to its police and fire pensions. Unfortunately, with 100% of the City’s state revenues being redirected to the police and fire pensions, we are faced...
  • The United Nations Is On Track To Run Out Of Money By The End Of The Month

    10/09/2019 6:31:06 AM PDT · by Enlightened1 · 66 replies
    GP ^ | 10/09/19 | Aleister
    Here’s some news that will make a lot of conservatives very happy.The United Nations has a massive budget problem and may run out of cash by the end of this month.What a shame.  CBS News reports: United Nations could run out of money in a few weeks, Secretary General warnsThe United Nations is running a deficit of $230 million, Secretary General Antonio Guterres said on Monday, and may run out of money by the end of October. In a letter intended for the 37,000 employees at the UN secretariat and obtained by CBS News’ Pamela Falk, Guterres said unspecified “additional stop-gap...
  • Senate passes bill to halt government shutdown risk

    09/26/2019 1:29:10 PM PDT · by BeauBo · 6 replies
    UPI ^ | 26 Sep 2019 | Sommer Brokaw
    The Senate passed a short-term funding bill Thursday amid dispute over border wall funding that delays the risk of a government shutdown through Nov. 21. The Senate voted 82-15 in favor of the continuing resolution after the House already passed it, and it will go to President Donald Trump next for his signature.
  • Senate votes to block Trump border wall emergency money

    09/25/2019 10:40:46 AM PDT · by BeauBo · 94 replies
    The Washington Times ^ | 25 Sep 2019 | Stephen Dinan
    Senators voted Wednesday to rebuke President Trump and cancel his border emergency, saying he overstepped his powers in grabbing $3.6 billion Congress approved for military construction projects and instead spending it on his campaign promise to build a border wall. The 54-41 vote is unlikely to stop the president, though. While the measure is likely to pass the House, a veto is expected — and Wednesday’s tally showed there are more than enough Republicans ready to sustain Mr. Trump... The vote was a do-over. Congress held a similar vote in March, after Mr. Trump, furious that Congress approved only $1.375...
  • House OKs measure to prevent possible end-of-month shutdown

    09/19/2019 1:09:17 PM PDT · by COBOL2Java · 11 replies
    WTOP [Washington DC] ^ | September 19, 2019, 3:52 PM | AP
    WASHINGTON (AP) — 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 vote in the Democratic-run House on the bipartisan plan was 301-123. The agency spending bills would fill in the details of this summer’s budget and debt agreement between President Donald Trump and House Speaker Nancy Pelosi, D-Calif. The Republican-controlled Senate is struggling over how to move ahead with its versions...
  • Democrats block Pentagon bill amid border wall battle

    09/18/2019 4:10:12 PM PDT · by blueyon · 9 replies
    AP ^ | 09/18/19 | ANDREW TAYLOR
    Senate Democrats Wednesday blocked debate on the almost $700 billion Pentagon budget and other spending bills amid a feud between the chamber’s leaders over the rules of engagement for translating this summer’s hard-won budget deal into binding legislation. Minority Leader Chuck Schumer orchestrated the party-line filibuster vote, claiming Senate GOP leaders were doing President Donald Trump’s bidding on the U.S.-Mexico border fence and paying for it by shortchanging health and education programs. Both sides accused the other of violating the bipartisan spirit of July’s budget blueprint, which gave Trump a must-have increase in the government’s borrowing limit and new spending...
  • North Carolina Dems accuse Republicans of deception in vote to override governor’s budget veto

    09/12/2019 8:48:59 AM PDT · by Libloather · 16 replies
    WTKR ^ | 9/11/19
    **SNIP** When the vote to overturn Cooper’s veto was brought up Wednesday morning, Democratic state Reps. Deb Butler and Mary Belk - some of the few Democrats on the House floor - voiced objection. Butler accused Republicans of “trickery” and hijacking the democratic process. “This is a travesty of the process and you know it,” Rep. Deb Butler said as the voting got underway. She shouted several times, “We will not yield.” “Our leadership is not present. This is improper,” Butler said, adding later, “There’s no one here, because we have been deceived.”
  • Why Illinois can't balance its budget

    09/11/2019 9:34:34 AM PDT · by george76 · 47 replies
    Daily Herald ^ | 6/20/2019 | Austin Berg
    Republicans and Democrats sang the same song at the Statehouse after rapidly passing the largest budget in state history: "It's balanced." Unfortunately, watchdogs couldn't offer much dissent in the moment. Lawmakers passed the 1,581-page document over the course of one weekend. In the absence of independent analysis, which takes more than a couple days to complete on a $40 billion spending plan, political rhetoric was rampant. It was all eerily familiar. In 2018, state lawmakers on both sides of the aisle claimed they had balanced the budget. But Illinois Policy Institute analysis had it out of whack by up to...
  • Senate panel advances $695B defense spending bill

    09/11/2019 4:52:56 AM PDT · by BeauBo · 6 replies
    The Hill ^ | Sep 10,2019 | REBECCA KHEEL
    A Senate subcommittee on Tuesday easily advanced the $694.9 billion defense spending bill for fiscal 2020 despite Democratic concerns that it does not constrain the administration’s ability to dip into Pentagon coffers to build a border wall. The top Democrat on the Senate Appropriations Subcommittee on Defense, Sen. Dick Durbin (Ill.), predicted more pushback when the full committee takes up the bill later this week, however... House Democrats in their version of the defense spending bill would limit how much money the Pentagon would be allowed to move between accounts... Advancing the defense spending bill marks the Senate’s first movement...
  • The suicide of the House is complete

    09/07/2019 4:56:12 AM PDT · by BeauBo · 47 replies
    American Thinker ^ | Sep 7, 2019 | Larry Schweikart
    The recent announcement by James Sensenbrenner (R-Wis.) that he would not seek re-election in 2020 sparked new worries among the GOP that retaking the House in 2020 might be nearly impossible. Although Sensenbrenner's district should be "safe" (as should about half of the more than a dozen seats in districts where Republicans are retiring), it never helps to lose an incumbent. That said, in 2020, the control of the House may be well near irrelevant. Over time, the House has had one major constitutional duty: the budget. All spending and taxation bills must originate in the House. But in all...