Trump, Dems Still Deadlocked on Budget Deal

With no long-term budget agreement in sight, Trump administration officials this week pitched a short-term deal to keep government funding levels in place and extend the government’s borrowing authority for one year. Treasury Secretary Steven Mnuchin said the White House will not allow another government shutdown so a deal must be reached to fund the… Read more »

Trump Calls Off Bipartisan Talks

Negotiations on a bipartisan budget deal and an infrastructure package stalled this week after President Trump said he will not work with congressional Democrats as long as they pursue investigations into him and his administration. “You can’t investigate and legislate simultaneously – it just doesn’t work that way,” Trump tweeted Wednesday. “You can’t go down… Read more »

Trump Open to Bipartisan Budget Deal

President Trump this week signaled he could be open to a deal with Democrats to raise the budget caps that will cause strict spending cuts in the fall. Senate Majority Leader Mitch McConnell (R-KY) met with Trump Tuesday and laid out a plan to navigate several fiscal deadlines looming this fall, including raising the debt… Read more »

Trump Wants Cuts from $1.3 Trillion Omnibus

The White House is reportedly developing a proposal to cut billions of dollars from the massive spending package that Congress passed in late March. Office of Management and Budget (OMB) Director Mick Mulvaney is taking the lead on the administration’s proposal and expects to release his plan around May 1. The administration is proposing to… Read more »

CBO Projects Soaring Federal Deficit

The Congressional Budget Office (CBO) forecasted earlier this week that the federal government’s budget deficit will exceed $1 trillion within two years, a projection that rankles conservatives on Capitol Hill. The nonpartisan CBO estimates that the sweeping tax law enacted at the end of last year will add nearly $1.9 trillion to the deficit over… Read more »