budget News Updates

GovernmentBusiness

Biden: Budget Talks Have Hit ā€˜Stalemate’

WASHINGTON — President Joe Biden said Sept. 24 that talks over his $3.5 trillion rebuilding plan have hit a ā€œstalemateā€ in Congress as he made the case for his expansive effort to recast the nation’s tax and spending programs and make what he sees as sweeping, overdue investments.

September 24, 2021
GovernmentBusinessSafety

Transportation Panels Pursue Climate, Clean Energy Priorities in $3.5 Trillion Budget

House Speaker Nancy Pelosi is urging Democrats to unify in support of a $3.5 trillion budget proposal that would help advance President Joe Biden’s domestic agenda, including social aid programs and climate change policies.

August 19, 2021
GovernmentBusiness

Congressional Republicans, Moderate Democrats Balk at $3.5 Trillion Budget

Top congressional Republicans announced their opposition to Democratic leaders’ pursuit of a $3.5 trillion budget plan that would be considered alongside a big-ticket infrastructure package. Separately, a small group of moderate House Democrats took issue with their party’s legislative timeline.

August 18, 2021
GovernmentBusiness

Biden $6 Trillion Federal Budget Fueled by Higher Taxes

President Joe Biden issued his first full budget proposal May 28, detailing his ambitions to dramatically expand the size and scope of the federal government with more than $6 trillion in spending over the coming fiscal year.

May 28, 2021
GovernmentBusinessTechnology

Trump Budget Targets Loan Program That Could Help Lordstown Plant

The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio.

February 11, 2020
GovernmentBusinessSafety

Fiscal 2021 Budget Proposal Offers Increase for Two FMCSA Programs

Programs managed by federal trucking regulators would see a funding boost under a fiscal 2021 budget request the Trump White House sent to Congress on Feb. 10.

February 10, 2020
GovernmentBusiness

Trump’s $4.8 Trillion Budget Proposal Revisits Rejected Cuts, Addresses Infrastructure

President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs like food stamps and Medicaid to promise a balanced budget in 15 years — all while boosting the military and leaving Social Security and Medicare benefits untouched.

February 10, 2020
Government

Budget Gap Widens to $747 Billion in Nine Months Through June

The U.S. budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising spending eclipsed a small bump in revenue from the Trump administration’s tariffs.

July 11, 2019
GovernmentBusiness

Trump’s FMCSA Budget Request Higher Than Enacted Levels

President Donald Trump’s fiscal 2020 budget request proposes increasing funding for federal trucking regulators. Overall, the U.S. Department of Transportation would see a decrease.

March 11, 2019
GovernmentBusiness

Domestic Discretionary Spending Slashed in Trump’s $4.7 Trillion Budget Proposal

President Donald Trump will propose a U.S. budget that wouldn’t balance for 15 years, even assuming stronger economic growth than private forecasters expect and with deep domestic spending cuts that have little chance of passing Congress.

March 11, 2019