Articles Tagged 'balanced-budget'
US budget deficit expands to $779 billion in fiscal 2018 as spending surges
The U.S. federal budget deficit rose in fiscal 2018 to the highest level in six years as spending climbed, the Trump administration said Monday.
The… READ MORE
Senate Democrats unite to defeat balanced budget motion
Senate Democrats stuck together on Thursday night to oppose a GOP floor motion that would have required them to rewrite their budget to make it… READ MORE
Obama to GOP: My priority is economy, not balanced budget
President Obama said his priority is to prevent an economic slowdown â€” not to produce a 10-year balanced budget â€” during a closed-door meeting Wednesday with House Republicans.
Rep. James Lankford (R-Okla.) asked Obama about the budget, questioning whether he would â€œcommit to a 10-year balanced budgetâ€ according to Rep. Mike Rogers (R-Ala.).
â€œThe president tactfully said â€˜That’s not… READ MORE
California controller can’t block lawmakers pay: judge
(Reuters) – California’s controller improperly suspended the pay of lawmakers last year after deciding a budget they approved was not balanced, a state judge tentatively ruled on Tuesday.
State Controller John Chiang in June 2011 blocked paychecks for lawmakers after fellow Democrats who control the legislature approved a state budget plan that he said did not “add up.”
Chiang… READ MORE
Tea Party senators unveil five-year plan to balance the budget
By Alexander Bolton -Â The Hill
Members of the Senate Tea Party Caucus on Thursday announed a plan to balance the budget in five years, cutting spending by nearly $11 trillion compared to President Obamaâ€™s budget.
The plan, dubbed â€œA Platform to Revitalize America,â€ is a wish list of conservative policies, none of which have any chance of passing the … READ MORE
Bachmann vows she’ll submit only balanced budgets
NORWALK, Iowa – Republican presidential candidate Michele Bachmann promised Wednesday that she would submit only balanced budgets if elected next year, but she… READ MORE
No pay for Calif. legislators until budget deal
ByÂ William M. Welch, USA TODAY
LOS ANGELES â€” California’s budget crisis is getting personal for state lawmakers. Their paychecks have been cut off until they agree on a balanced budget.
A decision Tuesday by state Controller John Chiang puts into effect Proposition 25, a ballot initiative passed last November. Voters decided elected members of the state Assembly and Senate… READ MORE
Obama Throws Down Gauntlet on Tax Hikes, Republicans Blast Deficit Plan
President Obama, outlining his latest deficit-reduction proposal, called Wednesday for both parties to work together to balance the budget and put America on a… READ MORE
Libertarian Plan Balances the Federal Budget by 2020 Without Raising Taxes
By Matt Cover (CNSNews.com)
A budget-balancing proposal from the libertarian CATO Institute achieves fiscal equilibrium in only ten years. The plan drastically cuts federal spending, reforms entitlements and makes permanent the Bush-era tax rates.
Written by Director of Tax Policy Studies Chris Edwards, the plan spares no area of federal spending in its quest to control the federal… READ MORE
Reviving the balanced-budget amendment
By Rep. Paul Broun
Media outlets last spring frantically attempted to follow a growing trend of protests exploding across the country. It started with individuals – angry with high taxes and frustrated with Washington’s outrageous spending – expressing their disdain throughout the nation at local courthouses and state capitols. One year later, what began as a few demonstrations has grown… READ MORE