The White House on Monday projected 2009 and 2010 federal budget deficits far higher than it forecast just two and a half months ago, even as it continued to defy most experts and predict that the economy is headed for a strong comeback starting late this year.
Economists scoffed at the latest administration predictions.
“If they keep [...]
President Barack Obama outlined a budget plan Thursday that would end $26 billion in oil and gas industry tax breaks, point to a new direction for dealing with nuclear waste and shift government aggressively toward helping to develop renewable energy sources.
Obama called the tax break to the oil and gas industry “unjustifiable loopholes” in the [...]
Barack Obama’s budget, unveiled with fanfare, fails to deal with his biggest money problems.
A molasses-slow economic recovery will make it hard to find the huge sums he’ll need to reach his biggest goals—fixing health care, confronting climate change and overhauling the tax system—without much deeper cuts than he’s proposing in other programs.
Obama faces not only [...]
Today, in response to reports that the President’s budget includes funding to continue the D.C. Opportunity Scholarship Program for 1,700 students, Jeanne Allen, President of the Center for Education Reform, released the following statement:
“We applaud the President for taking a step toward ensuring that students receiving the D.C. Opportunity Scholarship are permitted to continue [...]
In twin strokes, President Barack Obama is calling on Congress to provide generous budget increases to domestic programs while proposing relatively modest cuts to wasteful or obsolete programs that just won’t seem to die.Officials said Wednesday that Obama’s promised line-by-line scrub of the federal budget had produced a roster of 121 budget cuts totaling $17 [...]
President Barack Obama will offer more specifics on Thursday about his proposed $3.55 trillion budget.
In an outline of the spending proposals released in February, Obama laid out broad goals such as overhauling the health care system, fighting climate change and changing the tax code to shift more taxes toward the wealthy.
Republicans criticized it as a [...]
House Democrats voted to give final approval to a $3.5 trillion budget that addresses the Democrats’ top domestic priorities without the help of any Republicans.
The budget resolution passed in the House by a vote of 233 to 193. The budget won the exact same number of votes when it first came up for a vote [...]
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