Articles tagged: Budget

Federal spending, debt ceiling, appropriations

377 articles

EPA needs to be rebuilt, not nickel and dimed to death with budget cuts

The Republican plan to raise the nation’s borrowing authority by cutting federal spending would cap the EPA budget at a level that would devastate the agency’s efforts to rebuild after decades of eroding resources and the attacks of the Trump years. EPA spending in real dollars in 2020 was less than half what it had…

The Hill by The Hill

'He's finished!' Steve Bannon demands 'disgusting' Mike Johnson be removed as speaker

Former President Donald Trump's longtime strategist Steve Bannon raged against House Speaker Mike Johnson (R-LA) after the House voted to temporarily avert a government shutdown on Thursday."I mean, it's disgusting," said Bannon on his "War Room" show. "Johnson ... suspended, you know, the two third...

Raw Story by Raw Story

Biden campaign: House’s conservative caucus budget is pulled from Trump’s 2025 wish list

President Biden’s reelection campaign argued Wednesday that the Republican Study Committee’s (RSC) budget proposal was pulled straight from former President Trump’s wish list for another term. The group, which comprises nearly 80 percent of all House Republicans, called for raising the retirement age for those not near retirement “to account for increases in life expectancy” in its…

The Hill by The Hill

Mike 'Johnson is owned by the Democrats'

Rep. Marjorie Taylor Greene (R-Ga.) accused Speaker Mike Johnson (R-La.) of being “owned by the Democrats” in a Sunday interview. Asked why she thinks Johnson would not “defund Jack Smith,” referring to the special counsel who brought two indictments against President Trump, Greene said, “Mike Johnson is owned by the Democrats, and that proved to…

The Hill by The Hill

Trump plan has steep price tag

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Trump plan has $4 trillion price tag: analysis Former President Trump’s spending and tax proposals could add more than $4 trillion to the nation’s deficits over a decade, according to an analysis released Monday. © AP…

The Hill by The Hill

US Congress Averts Shutdown With Temporary Funding Measure Until December

The US Congress has passed a temporary funding measure to keep government agencies operational until December 20, thereby avoiding a government shutdown. The measure includes an additional $231 million for the Secret Service following assassination attempts against Donald Trump. However, a final spending agreement remains far from certain, with tough negotiations expected post-election.

Devdiscourse by Devdiscourse

U.S. Fiscal Woes: Deficit Hits $1.833 Trillion Amid Rising Interest Costs

The U.S. budget deficit soared to $1.833 trillion for fiscal 2024, the third-largest in history. Rising interest costs and increased spending on Social Security, health care, and military contributed to this spike. A fiscal gap of 6.4% GDP raises election challenges for Kamala Harris against Donald Trump.

Devdiscourse by Devdiscourse

Comptroller Brad Lander

Lander gave the bleak assessment at a press conference announcing a report on the impacts of the 2024 elections — saying that if Trump cuts federal funding, key infrastructure projects, schools and housing could be imperiled.

New York Daily News by New York Daily News

Government funding plan collapses as Trump makes new demands

President-elect Donald Trump abruptly rejected a bipartisan plan Wednesday to prevent a Christmastime government shutdown, instead telling House Speaker Mike Johnson and Republicans to essentially renegotiate — days before a deadline when federal funding runs out.

Chicago Tribune by Chicago Tribune

House rejects Trump-backed plan on government shutdown

The House has resoundingly rejected President-elect Donald Trump’s new plan to fund federal operations and suspend the debt ceiling a day before a government shutdown.

Chicago Tribune by Chicago Tribune

U.S. House Passes Stopgap Funding Bill Amid Trump Debt Ceiling Push

The Republican-led House passed a funding bill to avert a government shutdown, contradicting Trump's push for a debt ceiling hike. The bill, extending funding until March 14, allocates disaster and farm aid. Democrats agree on the package despite removing controversial elements.

Devdiscourse by Devdiscourse

Debt Ceiling Drama: Trump's Take on Political Missteps

Donald Trump criticized the 2023 debt ceiling extension, labeling it a major political blunder. As Republicans prepare to control Congress, they may push for spending cuts. Without addressing the debt limit, the U.S. risks default, potentially impacting global markets and credit ratings.

Devdiscourse by Devdiscourse

Trump's Tariff Tango: Reshaping Trade Ties

President Trump plans to announce reciprocal tariffs aimed at reshaping global trade to benefit the U.S. He suggests a broad effort, possibly targeting various countries, to address trade imbalances and budget issues. This move aligns with his campaign promise and faces mixed economic responses.

Devdiscourse by Devdiscourse

Trump and Musk's Radical Government Overhaul

President Trump, with Elon Musk, aims to radically transform the U.S. government by downsizing the civil service and cutting spending. His plans, which include closing agencies like the U.S. Agency for International Development, have sparked controversy and face legal challenges. The focus is on eliminating fraudulent payments.

Devdiscourse by Devdiscourse

Senate passes six-month funding bill hours before shutdown deadline

WASHINGTON (AP) — The Senate passed a six-month spending bill on Friday hours before a government shutdown, overcoming sharp Democratic opposition to the measure and sending it to President Donald Trump to be signed into law. The vote was 54-46.

Vancouver Is Awesome by Vancouver Is Awesome

Pass the tax-slashing budget bill fast

President Trump met with Speaker Mike Johnson on Monday to discuss the budget reconciliation bill, which would make his 2017 tax cuts, set to expire at the end of the year, permanent.

New York Post by New York Post

Health News Brief: Budget Cuts, Rising Measles, and Medical Advancements

The Trump administration proposes significant budget cuts affecting health and research sectors. Texas reports 683 measles cases amid nationwide outbreaks. Medical device demand boosts Stryker's earnings. The FDA reviews weight-loss drugs, while Neuralink's device for speech restoration gains breakthrough status. Thailand faces its first anthrax death in decades.

Devdiscourse by Devdiscourse

Trump's Tax Bill Stumbles in Congress Amid Internal GOP Conflicts

President Trump's tax bill encountered an obstacle in Congress as hardline Republicans, insisting on further spending cuts, blocked its progress. The bill's potential to increase the federal debt strained its passage, prompting a credit downgrade from Moody's. Congressional divisions continue to challenge Trump's legislative agenda.

Devdiscourse by Devdiscourse

Republicans Scramble to Revive Tax Cut and Border Security Bill

Republicans seek to revive a tax cut and border security bill after a committee rejection, led by Speaker Mike Johnson. With deficit concerns, GOP aims to address Medicaid work requirements. Former President Trump urges party unity. The bill risks adding $3.3 trillion to the national debt.

Devdiscourse by Devdiscourse

U.S. Bond Yields Spike Amid Fiscal Concerns and Trump's Tax Bill Impact

U.S. bond yields hit a 19-month high, driven by fiscal concerns and President Trump's tax bill. The bond market saw soft demand, with 20-year bond sales sparking fears over U.S. debt. Stock markets experienced mixed results, and the U.S. dollar gained amidst global economic uncertainty.

Devdiscourse by Devdiscourse

What happens to DOGE without Elon Musk?

Elon Musk may be gone from the Trump administration — and his friendship status with President Donald Trump may be at best uncertain — but his whirlwind stint in government certainly left its imprint.  The Department of Government Efficiency (DOGE), his pet g…

Vox by Denise.Guerra, Sean Rameswaram

Those Who Would Be King

Trump’s June 14 spectacle is an exploitation of the military for personal and political gain. Will No King protests make a dent?

Nakedcapitalism.com by Yves Smith

Trump’s big, beautiful bill has a price paid in blood

While public attention has largely been focused on the Middle East and on President Donald Trump’s immigration policy, Republicans in Congress are on the verge of passing massive Medicaid cuts as part of a budget bill that could lead to millions of Americans …

Vox by Dylan Scott

Will The ‘Beautiful’ Bill Increase The Deficit?

There is a good chance that the Senate passes President Trump’s budget, which according to the independent (CBO) will swell the deficit by close to USD 3trn.

Forbes by Mike O'Sullivan, Senior Contributor, Mike O'Sullivan, Senior Contributor https://www.forbes.com/sites/mikeosullivan/

Trump's One Big Beautiful Bill bankrolls $85M Space Shuttle shuffle

NASA science might be cut, but cash can be found to move a 'space vehicle' from museum to museum Lurking in the text contained within the One Big Beautiful Bill, which was passed by the US Senate yesterday, is an $85 million allocation for shifting a "space v…

Theregister.com by Richard Speed

What Trump’s massive bill would actually do, explained

Republicans are close to passing President Donald Trump’s so-called One Big Beautiful Bill, which will cut taxes, slash programs for low-income Americans, ramp up funding for mass deportation, and penalize the solar and wind energy industries. Oh, and it adds…

Vox by Andrew Prokop

The 'Big Beautiful Bill' is headed to Trump's desk

After weeks of work, the House passed the Senate version of the megabill on Thursday, sending it to Trump's desk to sign.

Business Insider by Kelsey Vlamis,Ayelet Sheffey,Brent D. Griffiths,Bryan Metzger

When will you feel the effects of Trump's megabill?

The cuts from the federal spending bill will affect millions of Americans, particularly vulnerable populations. But some of those impacts won't be felt for some time.

ABC News by Ivan Pereira

10 Thursday AM Reads

My morning WFB (work from beach) reads: • US dollar suffers worst start to year since 1973: Donald Trump’s trade policies and rising debt levels have sparked decline of more than 10% in first half of 2025, US dollar suffers worst start to year since 1973 (Fin…

Ritholtz.com by Barry Ritholtz

Trump Signs Signature Policy Bill On His July 4 Deadline

The bill passed the House 218-214 Thursday, with two Republicans joining Democrats voting against the bill.

Forbes by Zachary Folk, Forbes Staff, Zachary Folk, Forbes Staff https://www.forbes.com/sites/zacharyfolk/

Janet Yellen on the Danger of a “Banana Republic” Economy

On The New Yorker Radio Hour, the former Treasury Secretary and chair of the Federal Reserve discusses the budget bill, the exploding deficit, and why Donald Trump is so desperate for lower interest rates.

The New Yorker by The New Yorker

Going to Space Is Overrated Anyway

Trump wants to slash NASA’s budget. A Real World star will lead the agency. But everything’s okay!

The Atlantic by Alexandra Petri

Senate set to debate cuts to NPR, PBS and foreign aid

The Senate voted by a razor-thin margin late Tuesday to advance debate on a package of funding cuts requested by President Trump that would claw back $1.1 billion previously allocated to the Corporation for Public Broadcasting.

NPR by Scott Neuman

A Test Case for Future Funding Cuts

Panelists joined to discuss Trump’s request to cancel $9 billion in already-approved federal funding.

The Atlantic by The Editors

PBS is slashing its budget in response to Trump’s attack on public media

Now that Congress has passed a bill that will defund the Corporation for Public Broadcasting, PBS is taking drastic measures to stay alive. In an email sent out to PBS station managers on Wednesday, PBS president and CEO Paula Kerger announced that the organi…

The Verge by Charles Pulliam-Moore

WATCH: Trump cuts nearly $5B of foreign aid

President Donald Trump told Congress that he will slash $4.9 billion of congressionally-approved USAID and State Department foreign aid funding.

ABC News by ABC News

MiB: Mark Zandi, chief economist of Moody’s Analytics

This week, I speak with Mark Zandi, chief economist of Moody’s Analytics, a subsidiary of Moody’s Corp. Dr. Zandi is a cofounder of Economy.com, which Moody’s purchased in 2005. He currently hosts the “Inside Economics” podcast. We discusse the state of the U…

Ritholtz.com by Barry Ritholtz

House GOP Tries 'Re-Branding' Medicaid Cuts

The Republican Party's massive budget law has shown itself to be decidedly unpopular with voters, as polls consistently show Americans opposed to its $1 trillion in cuts to Medicaid. Because of this, reported Punchbowl News' Jake Sherman, US President Donald …

Crooksandliars.com by Brad Reed

Sure, Let’s Try Bribes!

If taxpayers want to influence policy, maybe this is our only option.

The Atlantic by Alexandra Petri

The “Who Writes Checks Anymore?” Edition

Plus: Disappearing employer 401(k) matches, retirement plan contributions, capital gains and housing, a possible government shutdown, FBAR shakeup, tax trivia and more.

Forbes by Kelly Phillips Erb, Forbes Staff, Kelly Phillips Erb, Forbes Staff https://www.forbes.com/sites/kellyphillipserb/

The imminent government shutdown, briefly explained

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: The federal government is hours away from the start of…

Vox by Cameron Peters

The real reason Democrats forced a government shutdown

Uncle Sam has closed up shop.  The federal government shut down on Wednesday, as Congress failed to extend its annual appropriations. Now, food will go uninspected, Superfund sites uncleaned, and IRS helplines unanswered. Millions of Americans will suffer fro…

Vox by Eric Levitz

The Democrats’ shutdown strategy is terrible. Here’s a better one.

As of 12:01 am ET, the US federal government has been shut down. Workers deemed “nonessential” are staying at home, meaning that many government functions (like national parks) will be closed because of a lack of staff. “Essential” workers, ranging from soldi…

Vox by Zack Beauchamp

WATCH: Government shutdown enters day 2

The next vote on bills that could get federal money flowing again is not scheduled until Friday, as thousands of workers remain furloughed and many government services are at a standstill.

ABC News by ABC News

Why This Shutdown May Be Different

Panelists on Washington Week With The Atlantic joined to discuss the fight to fund the government.

The Atlantic by The Editors

The Shutdown Is Sparing Trump Some Bad Economic News

The jobs report abhors a vacuum. A government shutdown prevented the Bureau of Labor Statistics on Friday from issuing its monthly report on job creation, so the business press told us what the report would reveal if there were one. “U.S. Job Growth Is Slowin…

The New Republic by Timothy Noah

How Last Year’s Spending Uncertainty Complicates Government Reopening

Uncertainty about the extent to which funds from last year went unspent due to executive actions is complicating efforts to reach a deal to end the government shutdown.

Forbes by Doug Criscitello, Contributor, Doug Criscitello, Contributor https://www.forbes.com/sites/dougcriscitello/

White House Lays Off Thousands of Workers Amid Shutdown

As the government shutdown continues, the White House has begun firing more than 4,000 federal workers from a variety of agencies that President Donald Trump has referred to as “Democrat-oriented.” Budget director Russ Vought is also making permanent cuts to …

Biztoc.com by today.com

Musk Promised To Cut $2 Trillion. Government Spending Went Up Instead

Elon Musk’s promises on government spending cuts have followed a predictable trajectory: slash $2 trillion, then $1 trillion, then a mere $150 billion. Now we have the final accounting from the Congressional Budget Office: DOGE didn’t just fail to cut spendin…

Techdirt by Mike Masnick

Obamacare’s latest scandal is a $35 billion ghost story

The Democrats have named their price to end the government shutdown — an additional $350 billion for health care over the next decade. Critics say a big chunk of that money may go to ghosts.At issue are the generous subsidies the Biden administration created …

TheBlaze by James Varney

Senators vote not to end shutdown for 13th time

The U.S. Senate voted for the 13th time and failed to reopen the government Tuesday. The government shutdown is on Day 28. Military staff will miss a...

UPI.com by Lisa Hornung

The Government Shutdown Rolls On Edition

Plus: What’s open at the IRS, the fight over premium tax credits, guidance on OBBBA, Social Security increases, digital taxes and tariffs, Section 179 expenses and more.

Forbes by Kelly Phillips Erb, Forbes Staff, Kelly Phillips Erb, Forbes Staff https://www.forbes.com/sites/kellyphillipserb/

Six takeaways from Canada's federal budget

From tariff cushions to space launches to Eurovision, Prime Minister Carney’s first budget aims to protect Canada while looking beyond the US.

BBC News

DEAL TO RE-OPEN GOVT 'IN REACH'

DEAL TO RE-OPEN GOVT 'IN REACH' (Main headline, 6th story, link) Related stories:LET THEM EAT STEAK! EXTRAVAGENCE AT MAR-A-LAGO GOVT EMPLOYEES HIT FOOD BANKS DON DEMANDS NO SNAP PAYMENTS OVER 50% OF FLIGHTS CANCELLED, DELAYED

Yahoo Entertainment by Steven T. Dennis

Talks to end US shutdown look promising, Senate majority leader says

After weeks of faltering talks, Republicans and Democrats in the US Senate seemed to start negotiating in earnest late this week. Lawmakers on Saturday had hoped to unveil the full text of three fiscal 2026 full-year funding measures.

The Indian Express by Reuters

Chuck Schumer Doesn’t Know What Time It Is

After forty days. Forty days of the longest government shutdown in American history. Forty days of Democrats saying this is the line—healthcare for twenty-two million Americans. Forty days of holding firm while Republicans bet Democrats would break first. Chu…

Techdirt by Mike Brock

House set to vote on ending government shutdown

The House will be in session on Wednesday for the first time in 54 days, with all eyes on a vote to end the longest government shutdown in U.S. history.

ABC News by Lauren Peller, Alexandra Hutzler

What changed after a record-long government shutdown, briefly explained

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: After 43 days, the federal government shutdown is almo…

Vox by Cameron Peters

Democrats reject ‘current policy’ — unless it pays their base

Washington’s latest fights make one thing unmistakable: Democrats shift their arguments as needed, but always in service of higher taxes, higher spending, and a bigger federal footprint. When the question earlier this year was whether to keep current tax poli…

TheBlaze by J.T. Young

What Will the US Debt Reckoning Look Like?

For now, and in the foreseeable future, fiscal adjustment is a political non-starter in the US, where the prospect of higher taxes or cuts to Social Security and Medicare is a surefire way to lose votes. But this is probably where the country is headed, thoug…

Project Syndicate by Jeffrey Frankel

Firm Tied To Kristi Noem Secretly Got Money From $220 Million DHS Ad Contracts

This story was originally published by ProPublica. Republished under a CC BY-NC-ND 3.0 license. On Oct. 2, the second day of the government shutdown, Homeland Security Secretary Kristi Noem arrived at Mount Rushmore to shoot a television ad. Sitting on horseb…

Techdirt by Justin Elliott, Joshua Kaplan, and Alex Mierjeski

NASA nominee Isaacman moves to full Senate vote amid budget carnage

Billionaire's bid progresses while agency braces for sweeping reductions and program uncertainty Jared Isaacman has cleared another hurdle on his way to becoming the next NASA Administrator after the US Senate Committee on Commerce, Science, and Transportatio…

Theregister.com by Richard Speed

Here We Go Again: The Pentagon's EIGHTH Failed Audit

Two days after the US Senate voted on a bipartisan basis to authorize just over $900 billion in military spending for the coming fiscal year, the chief recipient of that taxpayer money—the Department of Defense—announced it failed an audit of its books for th…

Crooksandliars.com by Jake Johnson

What to know about the partial government shutdown

The Senate passed a measure to avert a shutdown on Friday. But with the House on recess, funding for broad stretches of the federal government has technically lapsed.

NPR by Lexie Schapitl

Trump Resurrects Dumbest Idea—and Wants to Cut Health Care to Fund It

The Trump administration is asking Congress for $152 million to transform Alcatraz into a “state-of-the-art secure prison facility,” as part of its 2027 budget proposal.That would cover just the first-year costs of the redevelopment, which has been roundly cr…

The New Republic by Ellie Quinlan Houghtaling

Trump wants $152MN to reopen Alcatraz prison

The administration of US President Donald Trump has requested $152 million from Congress to restore the Alcatraz prison, inviting criticism from Democrats

RT by RT

Trump Suggests Gutting TSA After Blaming Shutdown on Democrats

President Donald Trump wants to cut more than $1.5 billion—and thousands of jobs—from the Transportation Security Administration’s budget after subjecting its employees to weeks without pay. The Trump administration wants to gut 9,400 workers from the 60,000-…

The New Republic by Edith Olmsted

Top five takeaways from Homeland Security budget hearings

Lawmakers have been in a stalemate for over 60 days about funding the entire department, which includes agencies that oversee immigration enforcement, disaster relief, cybersecurity and the U.S. Coast Guard.

NPR by Ximena Bustillo

US debt hits $31.26 trillion, exceeds annual GDP

The last two times the United States owed more than its annual economic output, the country was either fighting a world war or shutting down due to a pandemic. As of March, it's happened again — this time without an emergency to point to. — Read the rest The…

Boing Boing by Ellsworth Toohey

Why Shouldn’t Yields Rise?

Friday’s jump in 10 year Treasury yields (10 bps), and the 30 year yield nearing 5% alarmed markets. But why? Debt and the debt trajectory are up. Fed Chair Designate Warsh wants to shrink the Fed balance sheet, even as Trump continues his assault on Fed inde…

Econbrowser.com by Menzie Chinn

NPR Flubs Its Recovery From Brutal Republican Funding Attacks

NPR is imposing a new round of buyouts and layoffs as it tries to survive the brutal Trump GOP attacks on public broadcasting. According to NPR, it’s being forced to trim $8 million of its $300-million annual budget because of the illegal (for whatever that w…

Techdirt by Karl Bode

Congress just gave DHS another $70 billion

Congress narrowly voted to fund President Donald Trump's mass deportation agenda, giving the Department of Homeland Security $70 billion over the next three years. The house voted 214 to 212 in favor of the reconciliation bill Tuesday, following the Senate's …

The Verge by Gaby Del Valle

Trump Isn’t Giving Up on His Slush Fund

Despite insisting that a $1.776 billion “anti-weaponization” fund has been scrapped, the administration is quietly assuring allies that payout plans remain on track.

The Atlantic by Sarah Fitzpatrick

$60M and 7 federal agencies required to stage UFC fight at White House...

President Donald Trump's UFC fight on the White House's South Lawn requires a monumental effort from more than seven federal agencies, hundreds of staff working onsite daily and about $60 million. The event is part of the 250th anniversary of America's foundi…

Associated Press by Jesse Bedayn

How Do We Balance the Federal Budget?

Photo Credit:Image: pasja1000 via Pixabay, Pixabay License. pasja1000It seems like an impossible task. But we have to start somewhere, and this is as good a place as any.

Americanthinker.com

Trump Moves to Gain Unprecedented Control Over Federal Funding

The White House Office of Budget and Management is planning massive changes to the way federal grants are handed out, making it so that government funding can only be spent on programs that are “aligned with administration policies and priorities.”If passed, …

The New Republic by Malcolm Ferguson