#Federal Budget

Sen. Angus King (I-Maine), a member of the budget conference committee, has offered a proposal that would replace roughly half of the sequestration scheduled through 2021 with savings from mandatory spending and revenue from corporate tax reform.In place of $455…

Sen. Angus King (I-Maine), a member of the budget conference committee, on Tuesday released a proposal that replaces roughly half of the sequestration scheduled through 2021 with savings from mandatory spending and revenue from ending corporate tax expenditures. (more…)

Although Janet L. Yellen is expected to win confirmation as the next chairman of the Federal Reserve, lawmakers in both parties took advantage of her recent congressional appearance to express various concerns about slow economic growth and the Fed’s efforts…

The congressional conference committee on the budget got off to a leisurely start and now appears to have bogged down after only two public meetings – and less than a month away from a Dec. 13 deadline to complete its…

Senators Jeanne Shaheen (D-N.H.) and Johnny Isakson (R-Ga.) are from different parties and different regions but they share a belief that moving the federal budget to a two-year process would lead to a more strategic and thoughtful result than the…

The Congressional Budget Office says federal revenues were lower than expected in the last few months of Fiscal 2013, resulting in a deficit that was $38 billion higher than CBO had projected in May.The Treasury Department’s final number for the…

As lawmakers continue their work this week on a new five-year farm bill, they should be cutting unnecessary agricultural subsidies -- especially those going to extremely wealthy Americans.Savings on agricultural subsidies could be put to good use in a broader…

A cost-of-living adjustment (COLA) will increase Social Security benefits by 1.5 percent in January, resulting in an average monthly raise of $19 for millions of disabled and retired workers.The adjustment, announced last week by the Social Security administration, is based…