Budget

This tag is associated with 173 posts

Court stymies latest Washington D.C. try at budget independence

By Lisa Lambert WASHINGTON (Reuters) – Washington, D.C. will have to find a new front in its battle for budget independence from the Congress after a district court judge on Monday decided the country’s capital city cannot by law decide how to spend its revenues. As a native of Washington, District Judge Emmet Sullivan said […]

U.S. projected firefighting costs exceed budget by $470 million

By Laura Zuckerman SALMON, Idaho (Reuters) – The U.S. government expects to spend $470 million more than it has on hand to fight wildfires in a season that has already brought large blazes to California and Western states, where drought is worsening fire risks, federal officials said on Friday. Predicted high temperatures and less moisture […]

Obama budget would boost U.S. tax revenue, cut deficits: CBO

By David Lawder WASHINGTON (Reuters) – President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenue by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday. The likelihood that Congress will advance Obama's plan in its entirety […]

Obama budget plan would boost tax revenues, cut deficits: CBO

WASHINGTON (Reuters) – President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenues by nearly $1.4 trillion over 10 years if fully enacted, slashing deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday. There is virtually no chance that Congress will advance Obama's plan in its entirety. […]

Pentagon says automatic budget cuts would hit F-35, other weapons

By Andrea Shalal WASHINGTON (Reuters) – The Pentagon on Tuesday detailed $48.3 billion in cuts to major weapons programs like Lockheed Martin Corp's F-35 fighter jet that would kick in from fiscal 2016 to 2019 if Congress does not reverse automatic budget cuts that are to resume in 2016. It said the cuts would slash […]

Democrats relish chance to attack Republicans over austere budget

By David Lawder WASHINGTON (Reuters) – Democrats in the U.S. Congress can hardly contain their glee over the latest Republican budget plan, even though they loathe the details of the blueprint that would cut programs for the poor and funding of medical research. Democrats view the document as a potent weapon in the November congressional […]

Republicans to vote on balanced budget in April

By David Lawder WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives plan to vote in April on a budget plan that sticks to 2015 spending levels but reaches balance in 10 years, House Majority Leader Eric Cantor said on Friday. Cantor, in a memo to lawmakers, said the plan from House Budget Committee […]

After NSA scandal, US intelligence budget declines

US intelligence agencies will see a five percent drop in funding under a proposed 2015 budget, officials said Thursday, after a year marked by controversy over far-reaching electronic spying. Director of National Intelligence James Clapper said the requested budget for most of the country's 17 spy services came to $45.6 billion for fiscal year 2015, […]

Factbox: Details of U.S. President Obama’s fiscal year 2015 budget

(Reuters) – U.S. President Barack Obama released his fiscal year 2015 budget request to Congress on Tuesday, and lawmakers will promptly ignore it. Obama outlined how he would parcel out $1.014 trillion on government agencies’ discretionary programs ranging from the military to national parks. The level, barely above this year’s spending cap of $1.012 trillion, […]

Obama 2015 budget seeks $60 billion tax credit expansion: White House

By Mark Felsenthal and Jeff Mason WASHINGTON (Reuters) – President Barack Obama will strike a firmly populist tone in his 2015 budget plan on Tuesday, proposing to pay for an expansion of a popular tax credit for the working poor by eliminating tax breaks claimed by wealthy Americans. The proposal to expand one of the […]