Tag Archive | "Fiscal"

House Passes $3.8 Trillion Fiscal 2016 GOP Budget

The House narrowly passed a budget for fiscal year 2016 on Wednesday, notching a victory for the chamber’s embattled Republican leaders. Full News here – WSJ.com: Politics And Policy

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Federal Protective Service vehicles, which is a branch of Homeland Security, park outside the U.S. District Courthouse in the Brooklyn borough of New York

Homeland Security funding drama darkens U.S. fiscal outlook

By Richard Cowan and David Lawder WASHINGTON (Reuters) – Congress narrowly averted a partial shutdown of the U.S. domestic security agency late on Friday night, but the forces behind the chaotic episode remain – fractious Republicans and House Speaker John Boehner's lack of control over them. In five to seven months, the federal debt ceiling […]

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Economic View: A Slippery New Rule for Gauging Fiscal Policy

The adoption of dynamic scoring for evaluating major changes in tax and spending policy makes sense in theory, but could create havoc in practice. Full News here – NYT > Politics

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5 New Things About the Fiscal Year 2016 Budget:

The Budget and Accounting Act of 1921 stipulated that each year, the President must submit his budget request for the following fiscal year to Congress. According to current law: On or after the first Monday in January but not later than the first Monday in February of each year, the President shall submit a budget […]

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U.S. President Barack Obama answers a question after his end of the year press conference in the briefing room of the White House in Washington

Obama signs nearly $578 billion defense bill for fiscal 2015

WASHINGTON (Reuters) – President Barack Obama signed an annual defense policy bill on Friday that authorizes U.S. training for Iraqi and Syrian forces fighting Islamic State rebels and sets overall defense spending at nearly $ 578 billion, including about $ 64 billion for wars abroad. The legislation, approved by Congress earlier this month, sets defense […]

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Blame GOP for Increased Fiscal Uncertainty

Danny Vinik, New RepublicOn Wednesday in the New York Times, Jonathan Weisman offered a gloomy forecast for the year ahead in Washington and its potential effects on the economy. “[A] dark cloud is threatening to return to otherwise clearing economic skies: fiscal and policy uncertainty,” he writes. Weisman cites a number of legislative deadlines that […]

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Robust Job Growth Could Pave Way to Fiscal Deals

Strong economic growth, reflected in the latest strong jobs report, holds the promise of continuing the steep, downward slope of the budget deficit and could ease animus between Republicans and the White House. Full News here – First Draft

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Fiscal Challenges: Kansas Announces Big Budget Gap, but True Gap May Be Even Larger

The state is counting on collecting slightly more personal income tax this year than last. But it is not on track to do so. Full News here – NYT > Politics

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Hillary Clinton waves to the crowd while being introduced by democratic challenger for Pennsylvania Governor Tom Wolf at a "Women for Wolf" grassroots rally in Philadelphia

New taxes or not, Pennsylvania’s next governor faces fiscal morass

By Hilary Russ NEW YORK (Reuters) – The Democrat who could oust Pennsylvania's Republican governor in November wants to reshape the state's personal income tax system to make it more progressive. But if he wins, Tom Wolf, who was Revenue Secretary under former Democratic Governor Ed Rendell, probably could not get the plan past the […]

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Kansas Governor Sam Brownback speaks to riders on the New York City Subway

U.S. governor races could determine swing states’ fiscal health

By Megan Davies NEW YORK (Reuters) – U.S. voters' readiness to face tough issues such as pension reform rather than simply kick the can further down the road will be put to the test next week as two-thirds of state governor posts go up for election. A handful of the Nov. 4 races such as […]

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