Archive for Budget

VIDEO & TRANSCRIPT: Defense Secretary Hagel on Sequester, Military Spending

Pentagon file photo

Recently confirmed Secretary of Defense Chuck Hagel held a press briefing at the Pentagon on Friday, March 1, 2013, to address how DOD will respond to forced cuts under budget sequestering. Deputy Secretary of Defense Ashton Carter also fielded questions. Hagel expressed concerns about the impact of cuts on military readiness. Some steps to be taken are expected to include a civilian hiring freeze, civilian

NEWSLINK: House Releases Continuing Resolution With Sequester Reductions in Place

U.S. Capitol file photo

[House Releases Continuing Resolution With Sequester Reductions in Place - Roll Call - March 4, 2013] Roll Call covers a continuing resolution by House Republicans to address spending cuts while providing greater flexibility for how military spending is adjusted: House appropriators on Monday unveiled a proposed final fiscal 2013 spending package that would effectively cap federal operating expenses at $982 billion, when the cuts already

VIDEO: House Speaker Weekly Briefing: Boehner Addresses Budget and Sequester

U.S. Capitol and Environs at Twilight

House Speaker John Boehner (R-Ohio), on Thursday, February 28, 2013, addressed the federal budget in his weekly briefing.  He did so on the eve of automatic cuts, or sequestration, kicking in on Friday, March 1, 2013. As Boehner points out, the National Debt is now at more than $16 trillion, roughly $52,000 for every person in the United States. The Speaker argues that the federal

Uproar Over Bloated Sandy Aid Package

U.S. Capitol file photo

(Heritage Foundation: Morning Bell – Amy Payne – January 3, 2013 – http://blog.heritage.org/2013/01/03/morning-bell-uproar-over-bloated-sandy-aid-package/) Leaders from New Jersey and New York blew up yesterday after House Speaker John Boehner (R-OH) postponed a vote on an aid package related to Hurricane Sandy. But the bill is so loaded with pork projects that these officials should consider directing their anger at the Obama Administration, which is hijacking the

Fiscal Cliff Averted but Quicksand Ahead

U.S. Capitol and Environs at Twilight

(Voice of America – Jim Malone – January 3rd, 2013 – http://blogs.voanews.com/usa-politics/2013/01/03/cliff-averted-but-quicksand-ahead/) Spending Clash Coming In the end, the best Congress could do was a narrow compromise to avoid everybody’s taxes from going up.  In the modern polarized political age, I guess that constitutes some sort of victory.  But any true deficit reduction — and remember this is supposed to be about cutting the deficit

Are Congress and Obama deliberately embracing the fiscal cliff, even as they jockey for spin?

White House

So do both parties actually want the federal government to go over the so-called fiscal cliff, to slash the budget deficit without having to go on record voting for tax increases and spending cuts? One gets that impression. To be sure, in the process the great passive consensus to raise taxes and slash spending is being accompanied by finger-pointing and posturing.  But the spin is

US Congress to Reconvene Monday, Continue Fiscal Talks

U.S. Capitol file photo

(VOA – Kent Klein – Dec. 30, 2012) WHITE HOUSE — The drama over the U.S. government’s so-called “fiscal cliff” enters its final day before the deadline on Monday, with no agreement between Democrats and Republicans.  Americans will face tax increases and deep government cuts on Tuesday if no agreement is passed and signed before then. In a prayer at the opening of Sunday’s Senate

NEWSLINK: Pessimism Abounds as White House Calls Cliff Meeting

U.S. Capitol file photo

[Pessimism Abounds as White House Calls Cliff Meeting – Roll Call – Steven T. Dennis - Dec. 27, 2012 – click here to read full article] Roll Call covers White House and Congressional efforts to readdress the looming “Fiscal Cliff,” automatic tax increases and spending cuts set to go into effect on Jan. 1, 2013, if Congress and the White House do not act to