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More Budgets and Deficits Articles

  • Regulators hope to finish major mortgage rule this year

    Federal regulators expect to finish writing this year a long-overdue mortgage regulation that was one of the most important provisions of the 2010 Dodd-Frank financial reform law.

  • House could take up federal funding bill Thursday

    With a Sept. 30 fiscal deadline looming and the midterm elections coming in November, the House may take up a bill without adding provisions that are frequently attached to must-pass spending bills, say those familiar with the talks.

  • VIDEO: Congress is back, here's what to expect

    A few big items top the Congressional to-do list, but only a handful will get done before they leave Washington again later this month.

  • Chris Christie hit by state bond rating downgrade

    New Jersey suffered its second financial downgrade to its bond ratings this year, giving a black eye to Gov. Chris Christie as he considers a run for the White House in 2016.

  • Detroit bankruptcy trial turns to poor technology

    DETROIT (AP) — Detroit's computer system is "beyond fundamentally broken" and years behind the latest software, the city's new technology chief told a bankruptcy judge Monday. Beth Niblock said she turned down the job twice before agreeing to move to Detroit from Louisville, Kentucky, at the...

  • 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...



From the Weekly Standard