Budgets & Deficits
Congress will return to work Monday with just five days to figure out which legislative provisions must be added to a massive omnibus spending package to ensure its passage by Friday, the deadline for avoiding another government shutdown.
President Trump admitted Wednesday he was surprised to learn the U.S. had a trade surplus with Canada, and said he was so sure the U.S. had a trade deficit that he insisted on it in a meeting last year with Canadian Prime Minister Justin Trudeau.Disagreements over guns, abortion, sanctuary cities, and other issues are preventing Congress from agreeing to a must-pass spending bill that they hoped to approve by this week, and must pass by March 23.
Future defense budgets could be a ‘dry hole’ after major funding increase, House appropriations chairman warnsThe military could face a funding “dry hole” after the windfall of Congress’ two-year budget deal runs out in late 2020, Rep. Rodney Frelinghuysen, chairman of the House Appropriations Committee, said on Wednesday.
March 12, 2018 11:51 AM March 07, 2018 09:18 PM March 07, 2018 07:27 PM March 07, 2018 05:18 PMA coalition of more than 1,000 state and local officials is urging members of Congress to oppose companies' calls for an increase in federal truck weight and size requirements as part of the omnibus spending bill.The bipartisan Senate banking regulatory relief bill set for consideration Tuesday would slightly increase the risk of a bank bailout, Congress' official budget office judged Monday.America needs welfare reform, and the need is acute. The national unemployment rate is near record lows, sitting at just 4.1 percent. Employers are desperate for workers, with more jobs across the country open and unfilled than virtually any point since the Bureau of Labor Statistics began tracking them. But despite a strong economy, there are nearly 21 million able-bodied adults dependent on food stamps — three times as many as 2000. Spending on these adults has grown fivefold. And most are on the sidelines, not working at all. March 05, 2018 12:01 AM March 05, 2018 12:01 AM March 03, 2018 12:01 AM March 02, 2018 10:17 PM