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More Budgets and Deficits Articles

  • Transparency advocates worry that DATA Act is in hands of a reluctant OMB

    Among President Obama's few significant legislative accomplishments during his brief tenure as a Democratic senator from Illinois was the creation in 2006 of a website to disclose how the federal government spends tax dollars.

  • Ex-Im Bank may be saved by the bell

    Though many Republicans disapprove of the Ex-Im Bank, it may get a short-term reauthorization as lawmakers hit the campaign trail.

  • Don't expect quick action from Congress on defense spending

    What's more likely is lawmakers passing a continuing resolution that would keep spending at current levels through mid-December -- after the November elections for a new Congress.

  • House Democrats quietly meeting on school funding

    SPRINGFIELD, Ill. (AP) — A number of top Democratic House lawmakers have been quietly meeting to discuss a proposed overhaul of Illinois' dated school funding formula, which, if approved, would direct more state money to poorer rural districts at the expense of wealthier suburban districts....

  • Senate bill to end Fannie Mae, Freddie Mac would save $60 billion

    The Congressional Budget Office just released an estimate of a bill that cleared the Senate Banking Committee in May and has failed to gain traction in the Senate.

  • Competing views on IRS treatment of tea party

    WASHINGTON (AP) — After investigating the IRS for more than a year, two key senators — a Democrat and a Republican — disagree on whether the tax agency treated conservative groups worse than their liberal counterparts when they applied for tax-exempt status. The Senate's subcommittee on...

  • New York health insurance rates to rise in 2015

    ALBANY, N.Y. (AP) — New York insurance regulators have approved higher health insurance rates for 2015, though the increases are smaller than what the industry wanted. The increases also apply to health insurance offered through the state's new health benefits exchange, according to the state's...

  • Detroit official: Debt plan 'adjustments' possible

    DETROIT (AP) — Detroit's chief financial officer acknowledged Thursday that officials may have to make "adjustments" to a plan aimed at reducing the bankrupt city's debt if future revenues come in lower than projected. John Hill Jr. was the first witness called during a trial that began this...

  • State may not have enough money for Scott's plans

    ST. PETERSBURG, Fla. (AP) — Florida Gov. Rick Scott has been crossing the state this past week, vowing at campaign stops that if he's re-elected he will enact another $1 billion in tax cuts over the next two years. Scott has said he can enact the tax cuts as well as boost spending on education...

  • Reid promises new vote on expired green energy tax cuts

    The Senate majority leader told a green energy conference Thursday he'll take up legislation by the end of this year.

  • West Point Navistar to upgrade MRAP vehicles

    WEST POINT, Miss. (AP) — The Navistar Defense plant at West Point, Mississippi, will upgrade the Army's Mine Resistant Ambush Protected vehicles as part of a $38.4 million contract. U.S. Sen. Thad Cochran, R-Miss., says in a news release Thursday that Navistar will make repairs that will result...

  • Some Florida families to get tuition refunds

    TALLAHASSEE, Fla. (AP) — Thousands of Florida families with pre-paid tuition plans are going to get refunds or see a drop in their payments. The board that oversees the state's popular prepaid college plan approved new prices for the upcoming year on Thursday. Those prices will drop some plans...

  • Creditor wants 75 cents on dollar for Detroit debt

    DETROIT (AP) — An attorney for one of Detroit's creditors told a judge overseeing the city's historic bankruptcy Wednesday that Detroit could afford to pay 75 cents on the dollar to settle its debt if it sold some masterpieces from the art museum. But an attorney for Detroit told federal Judge...

  • CHART: Government share of U.S. health spending surging under Obamacare

    The government's share of U.S. health spending is expected to surge over the next decade as President Obama's healthcare law expands insurance coverage and more Americans become eligible for Medicare, according to a report from actuaries at the Centers for Medicare and Medicaid Services published...

  • Government actuaries see Obamacare driving up healthcare costs over next decade

    Health spending grew at a relatively slow rate in 2013, according to a government analysis released on Wednesday, but it is expected to accelerate over the next decade as the economy improves, baby boomers retire, and more Americans gain coverage through President Obama's healthcare law.



From the Weekly Standard