Yesterday, Sen. Mary Landrieu defended discretionary spending, claiming it “is not out of control…” despite a report earlier in the day that the Treasury Department had approved six-figure raises for executives at companies that received TARP funds. If Sen. Landrieu doesn’t consider that “out of control,” how bad does it have to get before she does?
Yesterday was October 1st. The beginning of the new federal fiscal year.
Before departing for their pre-election recess last week, Congress finalized a stopgap spending bill called a continuing resolution. What does this bill do and why was it necessary?
Last week the Huffington Post ran a blog which touching on six signs of when you may have too much debt. We decided to take these signs and bring you the Washington equivalent.
Our latest fact sheet details where your tax dollars were spent in FY 2011.
On February 13, the President Obama submitted his proposed budget for the federal government’s upcoming fiscal year (FY2013), which runs October 1, 2013 through September 30, 2014. After cutting out the hype, rhetoric, and commentary, what is left? Here are the facts
Before the government’s next fiscal year begins (runs from October 1, 2012 – until September 30, 2013), Congress and the President must fund some of government’s spending. The federal budget process has been muddied and been made confusing, so let’s examine exactly how it works.
The airwaves are full of talk about the federal budget. Why all the hype? To the average onlooker, the federal budget process may be confusing. We attempt to explain.
In the absence of any progress from the supercommittee, Erskine Bowles produced his own plan that would reduce the deficit by $2.6 trillion over 10 years.
You know that feeling when you eat too much Halloween candy? It’s a little bit like what happens when the government spends too much.