Budget

  December 20, 2010, 5:10 pm

Republican criticizes addition of Pell grant provisions to short-term budget bill

By Vicki Needham

Nearly $6 billion in spending for Pell grants in a proposed bill to keep the government running has raised the ire of some Republicans as Congress tries to wrap up its work. 

House Appropriations Committee ranking member Jerry Lewis (R-Calif.) decried the inclusion of $5.7 billion for the Pell Grant program, which will incur a shortage without additional funding, calling it "a perennial priority of the House Democrat leadership and Appropriations Committee Chairman [David] Obey [D-Wis.]."

The program, which faces an $8 billion gap in 2012, is scheduled to receive an extra $36 billion over 10 years. Maximum grants were increased to $5,550, up from $4,050 five years ago. 

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  December 20, 2010, 3:10 pm

Deficit panel's ideas to be resurrected in bipartisan Senate bill

By Erik Wasson

Sens. Saxby Chambliss (R-Ga.) and Mark Warner (D-Va.) will introduce legislation based on the debt panel's work.

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  December 20, 2010, 7:16 am

GOP Budget freshmen welcome collapse of omnibus spending bill

By Erik Wasson

Six of the new committee members said they welcome the opportunity to force President Obama to accept quick spending cuts.

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  December 19, 2010, 1:10 pm

GOP budget leader: 'We're heading to Greece, we're heading to Ireland'

By Administrator

Sen. Jeff Sessions (R-Ala.) warned Sunday that the U.S. is headed in the direction of states that have gone bust.

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  December 17, 2010, 11:02 pm

Senate approves three-day continuing resolution

By Bridget Johnson

The Senate unanimously approved a three-day continuing resolution Friday night to keep the government funded until Dec. 21.

The bill, which passed the House earlier in the day, swiftly went to President Obama for his signature. The current continuing resolution expires Saturday.

The 72-hour patch passed by House lawmakers meant that the lower chamber will return for more work next week.

The Senate plans on working through the weekend on several bills, and lawmakers were busy delivering floor speeches late into Friday night.

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  December 16, 2010, 4:16 pm

GOP names 11 freshmen to House Budget Committee

By Erik Wasson

The House Republican Steering Committee on Thursday named 11 incoming freshmen and two returning members to the House Budget Committee. The newly elected fiscal conservatives are expected to back GOP efforts to pass an austerity budget resolution next year.

The incoming GOP freshmen are Justin Amash (Mich.), Bill Flores (Texas), Tim Huelskamp (Kan.), Mick Mulvaney (S.C.), Jim Renacci (Ohio), Reid Ribble (Wis.), Todd Rokita (Ind.), David Schweikert (Ariz.), Marlin Stutzman (Ind.), Todd Young (Ind.) and James Lankford (Okla.).

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  December 16, 2010, 3:03 pm

Cato says omnibus vote harbinger for budget talks next year

By Erik Wasson

Representatives from the libertarian Cato Institute said Thursday that if Republicans allow the $1.1 trillion Senate omnibus appropriations bill to be enacted, it is a bad sign for any serious deficit reduction next year.

“If Republicans vote for omnibus in the Senate, it shows that they are not really serious,” senior fellow Michael Tanner said at a Capitol Hill event.

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  December 16, 2010, 11:40 am

GOP swing-vote senators have $1.1 billion in omnibus earmark requests

By Erik Wasson

Five of the six senators are still considering whether to support the omnibus spending bill.


The Senate’s omnibus spending bill includes $1.1 billion in earmarks requested by six GOP senators seen as swing votes on the 1,924-page bill, according to an analysis by The Hill. 

Sens. Thad Cochran (R-Miss.), George Voinovich (R-Ohio), Lisa Murkowski (R-Alaska), Susan Collins (R-Maine) and Kit Bond (R-Mo.) all have earmark requests included in the legislation, which is opposed by Republican leaders.

The legislation also includes earmarks requested by Republican senators who say they will now vote against the bill.

Cochran helped write the omnibus with Sen. Daniel Inouye (D-Hawaii), and the other four members are said to be considering the legislation. Bond and Voinovich are retiring at the end of this Congress.

A sixth Republican, Sen Bob Bennett (R-Utah), who was defeated at his state’s GOP convention and will not be in the next Senate, has already said he will vote for the bill.

At least two Republicans will have to vote for the omnibus for it to move through the Senate, assuming all 58 Democrats and independents who caucus with Democrats support it. Supporters will probably need more than two GOP votes; Sen. Claire McCaskill (D-Mo.), a staunch earmark opponent, has announced she’ll oppose the bill, and other Democrats could follow.

The bill includes $8 billion in earmarks, according to Senate Appropriations Committee staff. The Hill totaled earmark requests for each of the swing-vote senators by reviewing earmark disclosure charts released by the panel. The totals include earmarks for projects within and outside the individual senator’s state.

Cochran has $512 million in earmarks in the bill, including $162 million in defense earmarks and $111 million in energy sector earmarks.

Cochran’s earmarks include the largest earmark in the bill, $34.9 million for Delta Health Alliance, Inc. He has also set aside $17 million for the Stennis Space Center, $21.7 million for a Gulf Coast weapons test facility and $20.8 million for a Homeland Security center.

Most of Cochran’s earmarks have been requested in conjunction with Sen. Roger Wicker (R-Miss.), who will vote against the bill, spokesman Rick Curtsinger said Thursday. The earmark requests were made before Wicker decided to support a GOP earmark ban in November, Curtsinger said.

The $512 million in earmarks is actually much less than what Cochran requested, according to a review by Taxpayers for Common Sense. The review states he requested $2.4 billion in earmarks, according to requests released by the committee. Cochran has not announced his final vote on the bill, his office said Thursday.

The $512 million in earmarks is actually much less than what Cochran requested, according to a review of committee data by Taxpayers for Common Sense, which said the senator he requested $2.4 billion in earmarks.

Voinovich has $98 million in requested earmarks in the bill. The largest request is $21 million for a Coast Guard station in Cleveland. He has also sought $7.3 million to replace a security forces complex at Toledo’s airport. His office said Voinovich has not yet made a decision on his vote for the omnibus.

“Good, targeted and transparent earmarks can be the yeast that raises the dough,” Voinovich said in an e-mailed statement. “As a member of the Senate Committee on Appropriations, I sought funding for worthy projects to help get Ohio’s economy back on track and cultivate jobs.”

Murkowski has $80 million in requested earmarks, including $8.75 million for educational exchanges with whaling partners. Rob Dillon, the minority spokesperson for the Energy and Natural Resources Committee, said this week that ranking member Murkowski may vote for the bill despite a delay in offshore oil-and-gas drilling permits included in the omnibus. 

Collins has $114 million in earmark requests. The largest is a national earmark, $25.6 million for the Department of Education’s National Writing Project. Her earmarks also include $10 million for the National Center for Deepwater Offshore Wind Research in Maine. Collins’s office on Wednesday said she was still deciding on how she will vote.

Bond has $102 million in earmark requests, the largest being $13.8 million for a regional training institute at Fort Leonard Wood in Missouri. He has also requested $4.9 million for a Kansas City industrial park. His office said Wednesday the senator had not yet decided how he would vote.

The bill includes $226 million in earmarks requested by Bennett, who told The Hill he would support the omnibus.

Bennett has $54 million in defense earmarks, and $80 million for labor, education and health earmarks. The largest in Utah is $22.5 million for an army corps of engineers project in an unspecified rural area.

“I joined with my Republican colleagues on the Appropriations Committee this summer to see to it that discretionary spending in the omnibus was reduced to appropriate levels, and the chairman has proposed a bill that has done so,” Bennett said in an e-mailed statement. “Now it is the responsibility of the Congress to pass a functional budget to keep the government funded and running smoothly. A continuing resolution would prevent federal agencies from planning well. The last thing Americans need coming out of Washington is more uncertainty."

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  December 13, 2010, 5:34 pm

Moody's says tax cut deal risks U.S. credit rating

By Erik Wasson

Moody's Investors Service said in a Monday report that the tax-cut deal hammered out between President Obama and congressional Republicans jeopardizes the Aaa credit rating enjoyed by U.S. Treasury bonds. The package could add $900 billion to the national debt, if it is made permanent, and this increases the chances the U.S. would one day default on its debt.

"From a credit perspective, the negative effects on government finance are likely to outweigh the positive effects of higher economic growth. Unless there are offsetting measures, the package will be credit negative for the US and increase the likelihood of a negative outlook on the US government’s Aaa rating during the next two years," Moody's analyst Steven Hess writes.


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  December 13, 2010, 11:31 am

Hoyer: Fiscal panel plan should be at center of debate

By Erik Wasson

Citing the threat of "fiscal turmoil," outgoing House majority leader calls for bipartisan cooperation on budget deficits and tax reform.

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