Over the course of 2020, the federal government spent a massive amount trying to deal with the economic fallout of the pandemic. Republicans and Democrats agreed that in the face of crisis, America needed to put the fire out first, worry about all the water they were using later. But in 2021, people are beginning to worry about these giant costs, especially coming on top of the existing federal debt. Republicans say it’s a looming problem, Democrats say that’s just an excuse to oppose progressive priorities. So who’s right? Or do they maybe both have a point? Manhattan Institute budget expert Brian Riedl explains in this edited transcript.
The Senate is about to use a trick called “reconciliation” to pass Joe Biden’s Covid relief bill. Many Democrats want to go further and use this arcane rule to pass all kinds of policies that would never otherwise make it through – a rise in the minimum wage, climate policies, infrastructure, etc. But Tori Gorman, a budget expert at the Concord Coalition, says that might be a big mistake.
The Associated Press (AP) is reporting this morning that President Donald Trump has told lawmakers in Congress that he will allow the federal government to shut down before signing a spending bill like the one that he signed into law in March.
The military parade that President Donald Trump wants to stage, likely in Washington, would cost U.S. taxpayers up to $30 million, the White House budget chief said on Wednesday in remarks on the administration's fiscal 2019 spending plan.
The U.S. Senate adjourned on Thursday until 12:01 a.m. EST (0500 GMT) without approving a budget deal. The current temporary measure funding the U.S. government expires at midnight.
What's obvious is that Republicans don't truly care about the deficit – they never have. Instead, they use it as a political football to get some cable news coverage or boost their poll numbers in an election year.
U.S. lawmakers may have to pass another stop-gap spending bill in order to keep the federal government operating Dec. 8 when existing money runs out, U.S. House Speaker Paul Ryan told reporters on Tuesday.
The colossal failure of Donald Trump and Republicans to agree on a plan to repeal and replace the Affordable Care Act is already having wide-ranging effects.
Americans are more worried about the environment than they ever have been – just in time for Trump to gut climate funding.
It turns out that Ryan is also failing, and failing big time, when it comes to even the smallest of efforts to pass a budget and restore some semblance of an image that the House is doing its job. After weeks of delay, with a looming April 15 deadline, Ryan is looking at a fractured House hijacked by extremists who are dismantling the normal course of business yet again.
The CBO put the deficit for the just ended fiscal year at 2.4% of GDP, below 50-year average.
The two leading candidates for House speaker are mirror images and both will dutifully follow the Ted Cruz shut-down-the-government agenda
The ghosts of chaos past are haunting the House as Republicans are desperately trying to navigate around their own sequestration level spending caps in order to appease the war hawks in their party.
House Republicans saw their budget dreams go up in smoke as President Obama is already signaling that he will veto the unpopular, but freshly passed House budget.
Whatever the reason, the so-called compromise appropriations bill is an affront to the American people, and revealed that many Democrats are what Howard Dean labeled "Republican-lite."
Republicans are going for the full monty of childish behavior. Gone are the real policy complaints. Now they stand naked before the nation demanding cuts to Michelle Obama's healthy school lunch program.
Boehner's phony indignation targeting conservative groups he bent over backwards serving over the past three years did not have an ounce of truth or credibility.
it was fairly clear by the giddy-ass grin on Paul Ryan's face that Senator Murray likely did all the compromising to agree that an austerity budget defying sane economic comprehension.
Americans will discover in the next week the only hazard to their health is Republicans on a crusade to see which faction can cause the most damage to the people and the nation.
Instead of killing jobs, employers expect to increase the number of full-time employees by nearly 2% over the next year as key parts of the ACA go into effect.