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Posts in "Budget"
August 25, 2015
We might never know exactly who President Barack Obama had on his mind when he called people “crazies” Monday night.
But he sure had plenty to talk about when traveling in the motorcade with Senate Minority Leader Harry Reid from the Mandalay Bay resort in Las Vegas to a high-dollar fundraiser for state Democrats and Reid’s hand-picked successor, former Nevada Attorney General Catherine Cortez Masto.
July 6, 2015
President Barack Obama tied his veto threats on the budget to national security Monday, calling things such as education, research and other items key, over the long term, to the defense of the United States.
“Our men and women are going to get paid,” he said, saying soldiers haven’t missed a paycheck while he’s been president, even though he’s had plenty of wrangling with Congress.
June 17, 2015
No more weasel words. President Barack Obama will veto the Defense Appropriations bill unless there’s a deal to raise domestic spending, Josh Earnest told reporters Wednesday.
That upgrades the veto threat slightly from the usually articulated one that his senior “advisers would recommend” a veto. Full story
June 5, 2015
Prospects for a budget deal brightened Friday, when White House Press Secretary Josh Earnest declined to demand a tax hike in a deal to raise sequester-level spending caps.
When pressed on the tax issue by CQ Roll Call, Earnest touted the Ryan-Murray agreement from two years ago, which did not include a tax hike, although it did include some fees.
March 19, 2015
Updated 3:48 p.m., March 20 | The great Republican budget crack-up may have finally arrived. The White House just hoped it would have happened a few years ago.
The spending tourniquet known as the sequester has split Republicans and even has some talking about tax increases, which is what the White House planned for all along when it proposed the sequester to resolve 2011’s debt-limit drama.
March 9, 2015
Decades ago, a young Democrat running for Senate said that in Delaware, there are really three political parties: “Democrats, Republicans and firefighters.”
And Vice President Joseph R. Biden Jr. has been a favorite of career and volunteer firefighters alike ever since, so when he was scheduled to speak Monday to an audience of unionized firefighters from across the nation gathered in Washington, he was playing as close to a home game as he could get outside of Delaware (or Scranton, Pa.). Full story
February 19, 2015
The latest economic report from the White House is part victory lap, part pitch for enacting what President Barack Obama calls his “middle-class” agenda — including new trade deals with Europe and Asia and the president’s budget.
At a briefing for reporters Wednesday, ahead of Thursday’s release of the Economic Report of the President, chief economic adviser Jason Furman ticked off the statistics that have buoyed White House spirits of late — improving economic growth, the best job performance since 1999 last year and lower gas prices.
But there are several troubling caveats, Furman acknowledged.
The percentage of men in prime working age who have dropped out of the labor force has grown substantially in recent decades and is higher than many competitors. More troubling, the income of middle-class families has been largely flat, although there are recent signs of modest improvement. Median family incomes remain stuck at mid-1990s levels.
“This is the big picture challenge that we’re trying to overcome as an economy,” Furman said. Full story
February 5, 2015
For years, President Barack Obama has made a demand Republican leaders would not accept: He would only replace automatic spending cuts with a package that included a tax increase.
Obama himself made very real threats on the subject that amounted to no revenue, no deal.
That lasted through the failed supercommittee in 2011, was repeated on New Year’s Eve 2012 as the deal came together to avert the fiscal cliff, and held through the imposition of the sequester in March of 2013. But Obama’s stance started to crack when Rep. Paul D. Ryan, R-Wis., and Sen. Patty Murray, D-Wash., cut their modest, two-year budget agreement in December 2013. Full story
February 2, 2015
Updated 12:55 p.m. | President Barack Obama’s opening salvo in this year’s budget wars with the new Republican Congress aims to shift the conversation away from four years of austerity. He received a predictably frosty reception.
Obama’s $4.066 trillion budget would unshackle discretionary spending from the legislative tourniquet known as the sequester. That allows about a 7 percent increase in defense and domestic discretionary programs — or $74 billion. Full story
January 29, 2015
Updated 12:48 p.m. | President Barack Obama’s budget will increase spending on domestic and defense programs by $74 billion, he plans to tell House Democrats Thursday at their retreat in Philadelphia.
According to a White House official, Obama will once again propose to “end the across-the-board sequester cuts that threaten our economy and our military.”
That’s translates to about $74 billion increase in discretionary spending over the level allowed under sequestration caps in fiscal 2016 — or about 7 percent, according to second White House official.
Non-defense discretionary spending would increase to $530 billion, or $37 billion over the spending caps, and $561 billion for defense spending, an increase of $38 billion, per the second official.