The House and Senate Budget Committees passed proposed budgets last week but infighting over defense spending has left Republican leaders scrambling to solidify support for the plans. Both budgets promise to reduce and eventually end deficits over the next decade…
Deficits would total $6 trillion over the next 10 years under President Obama’s proposed Fiscal 2016 budget, according to the Congressional Budget Office. While still troubling, that would be $1.2 trillion lower than CBO’s recently updated projections under current law.…
More than five months into Fiscal 2015, the House last week finally approved Homeland Security funding for the rest of the year, giving up on efforts to include provisions to block President Obama’s immigration policies. The 257-167 vote came after…
The Congressional Budget Office (CBO) yesterday released new projections showing the federal deficit at $486 billion in 2015, about the same as last year. This is $18 billion higher than the budget office’s January estimate. After this year, deficits are…