Budget Battles
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Sniping Already Starting Over Baltimore Bridge Reconstruction Costs
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New Poll Finds Liberals and Conservatives Agree: Tax the Super-Rich
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Biden Vows US Will Pay to Rebuild Collapsed Baltimore Bridge
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How Congress Wasted ‘Months of Precious Time’ on the 2024 Spending Bills
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Senate Struggles to Avert Shutdown, Speaker Johnson Faces Revolt
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Long-Delayed $1.2 Trillion Spending Package Zooms to the Finish Line
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Debt Will Hit Record High This Decade, CBO Warns
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Sniping Already Starting Over Baltimore Bridge Reconstruction Costs
By Michael RaineyAlthough there’s no firm estimate yet on the cost of rebuilding the collapsed Francis Scott Key Bridge in Baltimore, some details are beginning to trickle in, along with hints of the political...
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Rebuilding Baltimore Bridge ‘Will Not Be Quick or Easy or Cheap,’ Buttigieg Says
A day after President Joe Biden said the federal government would foot the bill for rebuilding the collapsed Francis Scott Key Bridge in Baltimore, Transportation Secretary Pete Buttigieg told...
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Biden Says Federal Government Will Pay for New Bridge in Baltimore
By Michael Rainey -
How Congress Wasted ‘Months of Precious Time’ Passing 2024 Spending Bills
The Senate passed a $1.2 trillion, six-bill spending package just after 2 a.m. on Saturday and President Joe Biden signed it later that day, ending an unusually drawn-out process of funding the...
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Senate Struggles to Avert Shutdown as Speaker Johnson Faces Revolt
The House on Friday narrowly passed a $1.2 trillion funding package that would avert a government shutdown at midnight, sending the legislation to the Senate with just hours to go before the deadline...
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Long-Delayed $1.2 Trillion Spending Package Zooms to the Finish Line
Nearly six months into the fiscal year, and less than 48 hours before a government shutdown deadline, congressional leaders on Thursday released their final package of 2024 annual spending bills. The...
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House Republican Caucus Calls for Raising the Social Security Retirement Age
By Michael RaineyThe Republican Study Committee, the largest conservative caucus in the House, released on Wednesday a 2025 budget proposal that would slash healthcare spending, raise the Social Security retirement...
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Congress and White House Reach Funding Deal. Now the Race Is On to Pass It.
They have a deal. Now they just need the votes. President Joe Biden and congressional leaders announced Tuesday morning that they had reached an agreement on the contentious appropriations bill for...
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Border Battle Pushes Congress Toward a Shutdown
Congressional lawmakers have until midnight Friday to pass a package of spending bills needed to keep large portions of the government from shutting down, but a lengthy dispute over funding for the...
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Biden Calls on Congress to Pass Ukraine Aid
By Michael RaineyAt an early St. Patrick’s Day event with the Irish prime minister and officials including House Speaker Mike Johnson, President Joe Biden called on Congress to pass the foreign aid package that would...
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IRS Recovers $520 Million in Unpaid Taxes From Millionaires
By Michael RaineyA crackdown on cheating by high-income households and complex businesses is paying off, the IRS said Friday as it announced that it has now recovered more than $520 million from 1,600 millionaires...
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Johnson Defies Hardliners, Defends His Spending Deal
House Speaker Mike Johnson on Friday defended the $1.66 trillion spending deal he reached with Senate Majority Leader Chuck Schumer and said that the agreement “remains” despite intense pressure from...
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Taxpayer Advocate Says IRS Improvements Still Not Good Enough
By Michael RaineyThe IRS has made enormous strides in recovering from pandemic-era challenges, says Erin M. Collins, the national taxpayer advocate. But her new annual report makes it clear that the IRS still has a...
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GOP Hardliners Press Johnson to Ditch His Spending Deal
House Republican hardliners are pressing Speaker Mike Johnson to back out of the $1.66 trillion spending deal he cut with Senate Majority Leader Chuck Schumer, fueling a sense of chaos in Congress...
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Budget Deficit Tops $500 Billion in the First Quarter
By The Fiscal Times StaffThe federal budget deficit was $129 billion in December, the Treasury Department reported Thursday. That brings the deficit for the first quarter of the 2024 fiscal year, which began in October, to $...