Browse by Tag: budget
-
President Asks Congress to Delay Sequester
On February 5, President Obama asked Congress to pass a temporary package of spending cuts and tax reforms that would delay the across-the-board cuts to federal spending scheduled to occur on March 1, 2013. While the president did not offer...
-
Sequester Cuts Likely to Take Effect March 1
This week, Congressional leaders have given little indication that Congress will prevent or postpone the automatic, across-the-board sequester cuts to federal spending scheduled to occur on March 1, 2013. Under current law, sequestration would cut spending by $85 billion starting...
-
Senate Passes Bill Suspending Debt Ceiling until May
On January 31, the U.S. Senate passed H.R. 325, commonly known as the No Budget, No Pay Act, which extends the federal debt limit through May 19, preventing any threat of a government default before that date. Extending the debt...
-
House Passes Bill Suspending Debt Ceiling until May
On Wednesday, the U.S. House of Representatives passed H.R. 325, commonly known as the No Budget, No Pay Act. Most importantly, the bill extends the federal debt limit through May 19, preventing any threat of a government default before that...
-
President Obama’s 2014 Budget and the Debt Ceiling
On January 14 the White House sent a letter to House Budget Committee Chairman Paul Ryan stating that the president’s FY2014 budget will not be submitted by February 4, as required by law. The White House has indicated that the...
-
Congress Passes Agreement to Avoid Fiscal Cliff; Delays Sequester Cuts and Extends Farm Bill
On January 1, Congress passed a last minute deal to avoid the fiscal cliff. The agreement, known as the American Taxpayer Relief Act... (Senate amendment to H.R. 8), includes tax rate increases for families who earn more than $450,000 and
-
FY2013 Omnibus Spending Bill Unlikely
According to key congressional appropriators, Congress is unlikely to move any FY2013 spending bills by the end of the year, which could lead to the federal government operating under a continuing resolution (CR) for the entire fiscal year. Currently, the...
-
In Case You Missed It: NADO Webinar Addressing the Fiscal Cliff
In case you or your staff missed NADO’s December 11 webinar addressing the fiscal cliff and the potential impact on regional development organizations and local governments, a recording of the webinar and presentation slides are now available. View the slides...
-
House Republicans Offer Fiscal Cliff Plan
On December 3, U.S. House Speaker John Boehner (R-OH) offered a $2.2 trillion deficit reduction plan which would include $1.4 trillion in savings over 10 years. The plan does not raise taxes on high income earners, but includes $800 billion...
-
Congress Considers Omnibus Spending Bill and Hurricane Sandy Disaster Relief
This week, congressional appropriators are pushing forward on an omnibus spending bill, which if passed would set the budgets of U.S. Government departments and agencies all at once for FY2013. House and Senate appropriators continue to urge congressional leadership to...
