White House to Issue Budget Preview Friday

The White House is expected to release a “preview” of the president’s fiscal 2022 budget proposal tomorrow, which will help guide lawmakers in drafting appropriations bills. The Office of Management and Budget (OMB) is working to release a full budget sometime this spring, but OMB spokesperson Rob Friedlander told Roll Call last week that obstruction… Read more »

House Dems Seek to Boost Federal Spending by $250B

House Democrats are seeking to boost federal spending by about $250 billion for fiscal 2021 to address the economic emergency caused by the COVID-19 pandemic, a move that would circumvent a budget deal reached last year with congressional Republicans and the Administration. Democratic appropriations bills introduced this week would bring discretionary spending to more than… Read more »

White House Won’t Release Summer Economic Projections

White House officials will not release updated economic projections this summer as is common practice, according to the Washington Post. The White House typically unveils a federal budget proposal every February and then provides a “mid-session review” in July or August with updated projections on trends such as unemployment, inflation and economic growth. Two White… Read more »

Trump Budget Would Boost IRS Funding

President Trump’s fiscal 2021 budget plan proposes $12 billion in funding for the Internal Revenue Service (IRS), up from the $11.5 billion allocated to the agency in the fiscal 2020 government funding bill the president signed in December. The proposed budget increase is intended to allow the IRS to “modernize its systems to improve taxpayer… Read more »

Trump Proposes $4.8 Trillion Budget Plan

The White House on Feb. 10 released a $4.8 trillion budget plan for Fiscal 2021 that outlines the administration’s political priorities heading into the November election. The plan maintains $740.5 billion for the Defense Department but would cut domestic spending while reducing costs to Medicaid and Medicare. Funding for numerous federal programs and agencies would… Read more »