UN May Run Out of Money by November: Guterres
The United Nations is running a deficit of $230 million, Secretary General Antonio Guterres said on Monday, and may run out of money by the end of October.
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Budget
Democrats Issue Subpoenas to Esper, White House Budget Chief
House Democrats leading an impeachment inquiry of President Donald Trump’s dealings with Ukraine issued subpoenas Monday to Defense Secretary Mark Esper and acting White House budget director Russell Vought.
Read moreFrance Looks to Meet Climate Goals With Green Budget
French Finance Minister Bruno Le Maire spent a busy weekend defending the government’s 2020 budget aimed at combating climate change, while some environmental advocates say it doesn’t go far enough.
Read moreWarren Eyes Agency Budgets to Shrink Lobbying Glut
Presidential hopeful Elizabeth Warren unveiled a plan Friday to kick lobbyists on Congress, saying she would fortify the independent agencies whose budgets Republicans have gutted so that lawmakers are less reliant on self-interested corporate outsiders.
Read moreSenate Includes Aid for Farmers in Fall Budget
Passing a budget that will fund the government through November, the Senate on Thursday included financial support for farmers meant to offset tariffs from the ongoing trade war with China.
Read moreSmall Insurer Fights to Keep Partial Victory in Obamacare Funding Tussle
Lawyers for the U.S. Department of Health and Human Services warned a 10th Circuit panel Wednesday of the consequences of a federal judge’s decision to throw out the department’s budget-neutral approach to designing risk adjustment.
Read moreDemocrats Sue Democrat Over Washington State Veto
The Washington state Legislature sued Governor Jay Inslee on Friday over his vetoes of a single sentence lawmakers say are illegal under the state Constitution.
Read moreNational Debt to Hit Levels Not Seen Since WWII
The Congressional Budget Office predicted Wednesday that the federal deficit will average $1.2 trillion between 2020 and 2029, causing the federal debt to rise to levels not seen since just after World War II.
Read moreOne in Three Economists Expect US Recession by 2021
A number of U.S. business economists appear sufficiently concerned about the risks of some of President Trump’s economic policies that they expect a recession in the United States by the end of 2021.
Read moreCautious Spending Helps California Bonds to Get an Upgrade
Less than a decade ago, California served as an economist’s cautionary tale about out-of-control spending, unfunded liabilities and unbalanced budgets.
Read moreWisconsin Justices Take Up Fight Over Budget Vetoes
The Wisconsin Supreme Court agreed Monday to weigh in on a budget dispute between the Democratic governor and state Republicans, taking up a lawsuit filed by a conservative advocacy group challenging the practice of partial vetoes.
Read moreBudget 2020-21
President Donald Trump signed off Friday on a $2.7 trillion budget deal that passed the Senate a day earlier, despite GOP pushback over new spending that the budget ushers in.
Read moreBudget That Alarmed Conservatives Passes Senate
The Senate approved a $2.7 trillion budget deal Thursday that lifts caps on discretionary spending over the next two years and limits how much debt the government can take on.
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New Budget Bill Would Add $2 Trillion to National Debt
A hard-won, warts-and-all budget pact between House Speaker Nancy Pelosi and President Trump is facing a key vote in the Senate, with many Republicans torn between supporting the president and risking their political brand with an unpopular vote to add $2 trillion or more to the government’s debt.
Read moreHouse Approves Bipartisan Deal on Budget and Debt Limit
The House of Representatives on Thursday passed a $2.7 trillion budget agreement that raises caps on discretionary spending over the next two years and lifts the limit on how much debt the federal government can take on.
Read moreWhite House, Democrats Reach Two-Year Budget Deal
President Donald Trump said Monday afternoon that his administration and lawmakers in Congress have agreed to a budget deal that raises the debt ceiling for two years.
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Congress Tries to Avoid a Government Shutdown
Washington negotiators are closing in on a budget and debt deal that would stave off the chance of a government shutdown this fall and allow Congress to pass legislation to increase the government’s borrowing cap.
Read moreAlaska Lawmakers in Turmoil as Bid to Override Budget Vetoes Fails
More than just forests are burning in Alaska right now, after Governor Mike Dunleavy used his veto pen to slash and burn $444 million from the state budget, including essential services to education, arts and senior citizens, and the Legislature failed Wednesday to come up with the 45 votes needed to override.
Read moreNewsom Signs Largest State Budget in History
Hours before the midnight deadline, California Gov. Gavin Newsom signed the state’s operating budget of $214.8 billion on Thursday evening, a plan that increases spending on public education, expands health care, and addresses the state’s homelessness crisis.
Read moreHouse Approves $383 Billion Spending Package
The House passed a $383 billion spending package Tuesday, including funds for the 2020 census provided a citizenship question does not appear on the form.
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