Paul Ryan, the leading Republican candidate to be the next speaker of the House, will support John Boehner's final budget deal.
"BREAKING - PAUL RYAN will SUPPORT the budget deal today," Jake Sherman reports on Twitter.
BREAKING - PAUL RYAN will SUPPORT the budget deal today.— Jake Sherman (@JakeSherman) October 28, 2015
That’s what many defense experts are saying about the two-year budget deal that’s being cut by congressional leaders and the White House. Byron Callan, longtime analyst for Capital Alpha Partners, which provides research to financial firms, rates the prospective deal as “defense positive.”Read more
In at last announcing in detail that it would reduce the size of its active-duty force, currently 490,000, by 40,000 soldiers over the next two years, the U.S. Army seems finally and for a day to have captured the attention of the political class. In fact this is not news, but the long-anticipated result of the defense budget cuts agreed to under the 2011 Budget Control Act.Read more
President Obama's proposed defense budget is well below what former Secretary of Defense Bob Gates proposed.Read more
President Obama's budget is not likely to be passed by Congress. But if it did, the U.S. would be about $26.3 trillion in debt.
The numbers come from Obama's budget, and were sent around by the Republican National Committee to highlight the heavy spending in the president's proposed budget:Read more
Senator Jeff Sessions, the former ranking member of the Senate Budget Committee, says President Obama's proposed budget "raises taxes by $2.1 trillion."
"The President has sent another tax-and-spend budget to Congress," Sessions says in a statement responding to Obama's proposed budget.Read more
The White House has submitted its latest budget proposal to Congress, and the Republican chairs of the budget committees in both the Senate and the House are criticizing the plan for increasing spending and raising taxes. In a joint statement House budget chair Tom Price of Georgia and Senate budget chair Mike Enzi of Wyoming blasted President Obama's proposal:Read more
Analysis of Congressional Budget Office projections by the Senate Budget Committee finds that Obamacare will increase the deficit by more than $100 billion over the next decade.Read more
President Obama addressed the mission to degrade and destroy the Islamic State in remarks today at the Pentagon. "Our strikes continue alongside our partners. It remains a difficult mission," said the commander in chief.Read more
This week senior officials from the Pentagon will testify before Congress on their request for emergency appropriations, known as the Overseas Contingency Operations funding (OCO in military speak). A decision to maintain troop presence in Afghanistan, a resurgence of radical Sunni terrorism across the Middle east, and Russian expansionism in Europe all seem like good reasons for the administration to request the emergency funding. These events, however, haven’t prevented some proponents of defense cuts to question the validity of the request.Read more
An arithmetic riddle: How much money would the U.S. government collect if it were to impose a 5 percent tax on the $2 trillion currently parked in offshore accounts to avoid the high U.S. corporate tax rate of 35 percent?
If you multiplied $2 trillion by .05 and arrived at $100 billion as an answer, you get full credit for your math acumen but zero points for political accuracy. The answer is a negative $600 billion, at least in the eyes of the Joint Committee on Taxation and the Congressional Budget Office (CBO).Read more
Senator Mark Pryor is making entitlements an issue in the Arkansas Senate race. Both Pryor and his Democratic allies are hitting Republican nominee and House member Tom Cotton over his support for a budget proposal that would have, starting in 2022, gradually raised the retirement age for receiving Social Security and Medicare benefits.Read more
Startling charts from the Republicans on the Senate Budget Committee about male participation in the labor force, particularly men between the ages of 25-54:Read more
A new report from the minority side of the Senate Budget Committee finds that "Economic Growth In 2013 Just Half Of What The President Said His Policies Would Deliver." Here's a chart, showing the committee's findings:Read more
Jeff Sessions, the ranking member on the Senate Budget Committee, says that President Obama's budget includes a $1.76 trillion tax hike.Read more
Here's a rather harsh assessment of the last four years under the Obama administration's economic policies:Read more
Paul Ryan, chairman of the House Budget Committee, slams President Obama's budget in a statement released by his office.
“The President’s budget is yet another disappointment—because it reinforces the status quo. It would demand that families pay more so Washington can spend more. It would hollow out our defense capabilities. And it would do nothing to preserve or strengthen our entitlements. The President has just three years left in his administration, and yet he seems determined to do nothing about our fiscal challenges," says Ryan.Read more
President Obama unveils his budget today. And the numbers aren't likely to satisfy fiscal conservatives and budget hawks, who might have been hoping for a budget that decreases spending and lowers the debt.
According to analysis by the Senate Budget Committee Republican staff, working for Ranking Member Jeff Sessions of Alabama, over the next decade President Obama's proposed budget increases spending by 63 percent and increases debt by $8.3 trillion.
Here are a couple charts from the minority side of the Senate Budget Committee showing the numbers:Read more
A Capitol Hill source source says that Senate Democrats will not produce a budget this year. The news is expected to come from Senator Patty Murray's office at 3 p.m. today, as part of a Friday afternoon news dump. Murray is chairman of the Senate Budget Committee.
Senator Jeff Sessions from Alabama released this statement. "Senate Democrats are required by law to produce a budget," wrote Sessions.Read more
Bill Kristol, with Julie Pace, Bob Woodward, and Brit Hume, yesterday on Fox:Read more
The WEEKLY STANDARD podcast with editor William Kristol on the Ryan-Murray Budget deal, Obamacare Delays, and Obama's Nelson Mandela speech.Read more
On Thursday evening, House of Representatives overwhelmingly passed the budget deal crafted by Republican congressman Paul Ryan and Democratic senator Patty Murray, chairs of their respective budget committees.
The resolution passed with 332 votes for it and 94 votes against it. Sixty-two Republicans voted against the bill, which had the support of House leadership.Read more
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