More Budgets and Deficits Articles

  • The surprising thing Veterans Affairs admitted while asking Congress for $18 billion more

    Even the VA cannot trust its own numbers on delivering health care and processing disability claims, the acting secretary of the agency said as he asked for $17.6 billion in new funding Wednesday.

  • Bogus cash pays for roads

    WASHINGTON (AP) — If there's anything that can unite Democrats and Republicans in the partisan swamp of Capitol Hill, it's free money. The latest example of free money in Washington is a retread proposal called "pension smoothing" that raises money but doesn't increase anyone's taxes. To some...

  • Who'll build the roads?

    "Tea Party members don't think there's a federal role in transportation!" complained Sen. Sherrod Brown, D-Ohio, last week, near the site of a $5.8 million highway project.

  • Foreign holdings of US Treasury debt rise in May

    WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities increased their holdings in May to another record high. The Treasury Department reported Wednesday that total foreign holdings rose 0.3 percent to $5.98 trillion, up from $5.96 trillion in April. China, the top foreign buyer of U.S....

  • House passes highway bill as deadline looms

    WASHINGTON (AP) — The House has passed a bill that would temporarily patch over a multibillion-dollar pothole in federal highway and transit programs. The vote was 367 to 55. A similar bill is pending in the Senate. The bill cobbles together $10.8 billion by using pension tax changes, customs...

  • Residents trained to aid Detroit's fight on blight

    DETROIT (AP) — One of the latest weapons helping Detroit in its long battle with blight and vacant houses isn't a super-powered bulldozer or millions of dollars in funding for demolitions. It's a simple mobile app called "blexting" — short for blight texting — that can be downloaded free for...

  • First signs of a Detroit recovery?

    On Monday, Detroit is expected to release the results of a vote by the state's retirees on an accepting a "grand bargain" bailout package from Michigan.

  • Josh Earnest tries to explain why the White House doesn't blame Democrats for congressional inaction

    The White House on Tuesday insisted that it was appropriate to place the blame solely on Republicans for Washington gridlock, even as the GOP moves ahead on a highway-funding bill backed by President Obama.

  • Detroit bankruptcy judge opens court to critics

    DETROIT (AP) — A judge overseeing Detroit's bankruptcy gave the microphone Tuesday to residents and retirees who oppose the city's proposal to cut pensions and other benefits as part of a plan to get solvent again. Hundreds of people have filed objections to Detroit's bankruptcy exit strategy....

  • Congressional Budget Office downgrades fiscal outlook, but not because of debt

    The outlook for the federal debt is still grim, the Congressional Budget Office reported Tuesday, and largely unchanged despite the roll-out of Obamacare and a budget deal since its last projection were issued.

  • Obama to press for action on transportation funds

    WASHINGTON (AP) — President Barack Obama is pressing Congress to make a long-term commitment to keep highway and transit aid flowing to states, but lawmakers appear headed for a short-term patch to sustain projects through next May. Obama has proposed a $302 billion, four-year transportation...

  • 'Complicated' Detroit bankruptcy vote out July 21

    DETROIT (AP) — The counting of votes cast by creditors in Detroit's bankruptcy case is a "little complicated," but the city is on track to report results next week, an attorney said Monday. More than 30,000 retirees and current and former workers were eligible to vote on pension changes through...

  • White House backs GOP highway bill, putting it at odds with Democrats

    The White House signaled support late Monday for a short-term Republican fix to the Highway Trust Fund, backing a GOP bill slammed by Democratic leadership.

  • U.S. jails struggle with role as makeshift asylums

    The numbers, posted daily on the Cook County sheriff's website, would be alarming at an urgent care clinic, let alone a jail: On a Wednesday, 36 percent of all new arrivals report having a mental illness. On a Friday, it's 54 percent.

  • Tom Corbett veto exposes GOP divisions in Harrisburg

    The relationship between Gov. Tom Corbett and his fellow Republicans in the Legislature took a turn toward the dysfunctional this week as they traded insults about leadership following his decision to veto millions from the General Assembly's budget.



From the Weekly Standard