Budget

  April 30, 2013, 1:50 pm

Peterson poll finds voters gloomy on budget

By Erik Wasson

Voters continue to be very concerned about the national debt and Social Security, according to a poll by the Peterson Foundation, which is pushing for a debt bargain. Read more...

Archived under: Budget
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  April 30, 2013, 12:32 pm

House Dem rejects linking tax reform to debt-ceiling increase

By Erik Wasson

“There is no negotiating over whether or not the United States pays its bills,” Rep. Chris Van Hollen said.

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  April 29, 2013, 3:20 pm

Treasury to pay down debt for first time since Obama took office

By Peter Schroeder

The government will pay off $35 billion in debt during the second quarter of 2013.

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Archived under: Budget, Economy
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  April 27, 2013, 8:00 am

Sequester opponents now losing hope

By Erik Wasson

“The Democrats are conceding that they have lost the battle over spending cuts,” said GOP strategist Ron Bonjean.

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Archived under: Budget, Aviation
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  April 25, 2013, 2:40 pm

Top Obama aides meet Senate GOP on budget

By Erik Wasson

White House chief of staff Denis McDonough was among several senior Obama aides to attend the meeting.

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  April 24, 2013, 5:48 pm

Inhofe: Reid sequester replacement ‘undermines national security’

By Jeremy Herb

Senate Majority Leader Harry Reid’s (D-Nev.) plan to replace this year’s sequester with money saved from drawing down the wars “undermines national security,” the top Republican on the Senate Armed Services Committee said Wednesday.

Sen. Jim Inhofe (R-Okla.) said in a statement that Reid’s sequester replacement proposal was “budget cowardice on the backs of our warfighters.”

“What he is proposing is not about saving money from the troop drawdown in Afghanistan; it’s about further hollowing out our military,” Inhofe said.

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Archived under: Budget, Budget/Appropriations
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  April 24, 2013, 2:51 pm

White House backs Reid move to delay sequester cuts

By Justin Sink and Erik Wasson

It's the first time the White House has backed a sequester replacement without new taxes.

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  April 24, 2013, 12:46 pm

Senate confirms Burwell to head OMB

By Ramsey Cox

The Senate voted 96-0 to confirm Sylvia Burwell as director of the Office of Management and Budget.

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Archived under: Budget, Senate, Votes, Economics/Trade
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  April 24, 2013, 11:03 am

House GOP advances debt ceiling bill

By Erik Wasson

In a 22-14 vote, the Ways and Means panel approve a bill to prioritize payments if ceiling is reached.

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  April 24, 2013, 10:51 am

Lew faces skeptical Congress with IMF funding request

By Julian Pecquet

Treasury Secretary Jack Lew faced a skeptical Congress on Wednesday as he defended President Obama's request for $2.9 billion to fund international affairs programs next year.

Lew testified that aid to multilateral financial institutions such as the World Bank and the International Monetary Fund are a “cost-effective” way to solidify the world financial system, promote U.S. national security and boost U.S. exports. Lawmakers however raised doubts after the IMF bailed out five European countries – Greece, Ireland, Portugal, Spain and Cyprus – over the past few years.

“Mr. Secretary, the IMF is controversial within the Congress,” House foreign operations appropriations chairwoman Kay Granger (R-Texas) said in prepared remarks. “It was not created to bail out industrialized nations that cannot control their spending. 

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Archived under: Budget, Global Trade & Economy
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