On Tuesday, President Obama revealed his budget proposal for fiscal year 2015. It proposes $3.9 trillion in spending, while raising taxes in an effort to reduce the debt. The President’s budget has no real chance of passing Congress, but has become a rallying point for Democrats of where they want to begin budget negotiations.
President Barack Obama released his fiscal year 2015 budget yesterday and most commentators and news sources agreed the document won’t go far in the divided Congress.
Budget season is upon us. The White House will release its fiscal year 2015 budget tomorrow, but according to several news sources, the Senate will not write, debate or pass a budget this year.
On Feb. 21, the Centers for Medicare and Medicaid Services (CMS) released a report noting that Obamacare will increase the cost of employer-sponsored insurance for millions of workers.
The House and Senate are in recess this week to celebrate President’s Day. Most Americans may only get one day off, but Congress takes a whole week.
Waste and abuse in discretionary federal spending don’t hold a candle to our real spending crisis: the silent and steady growth of “direct” spending items. The Truth in Spending Act is trying to create the tools to start fixing the problem.
Members of Congress last week voted to suspend the federal debt limit until March 2015. According to Reuters, “Extending the debt ceiling to March 2015 means the issue may not get caught up in election-year politics.”
Yesterday the House voted to suspend the debt ceiling for one year. The Senate is expected to pass the legislation today. Here are the “5 Things” you need to know about this latest maneuver and the debt ceiling in general.
The Obama Administration announced yesterday that it would delay the employer mandate portion of the Affordable Care Act (ACA) for some businesses.
This morning the Congressional Budget Office (CBO) released its updated budget outlook for fiscal years 2014-2024. This report includes new projections on the country’s deficits as well as updated estimates of the effects of the president’s new healthcare law.