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More Budgets and Deficits Articles

  • Treasury to limit profitability of overseas shifts

    WASHINGTON (AP) — The Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries, Treasury Secretary Jacob Lew said Monday. A growing number of U.S. companies are shifting...

  • Schumer preps bill to penalize companies that inverted as far back as 1994

    The New York senator, the number three Democrat in the upper chamber, is likely to roll out the bill as likely as this week in an effort to forestall so-called corporate inversions.

  • Jack Lew: Decision on executive action on taxes 'in the very near future'

    Speaking at an event on business taxes at the Urban Institute in Washington, Lew placed the responsibility on Congress to address so-called tax inversions, but said that the administration was prepared to step in if lawmakers don't move quickly enough.

  • 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...



From the Weekly Standard

  • The Party of Reason?

    It has become a staple of the political left to brand Republicans the anti-science, anti-reason party. This narrative congealed in a breathless 2005 book by journalist Chris Mooney entitled—does...

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  • Getting There

    Obamacare—or at least the version of it that the president and his advisers currently think they can get away with putting into place—has been upending arrangements and reshuffling the deck in the...

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  • The Ruggers of the Great War

    “Good old rugby football. All over the British Isles its exponents were in the van of those who went.” —Walter Carey, Bishop of Bloemfontein and former British Lion, 1921

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