Congress Postpones Spending Fight

Both the House and Senate passed a continuing resolution today to fund the government for two weeks, through Dec. 21, to allow more time to negotiate funding for nine Cabinet departments and dozens of smaller federal agencies. President Trump has said he will sign the stopgap funding measure, but he still wants $5 billion for… Read more »

Trump Threatens Government Shutdown

President Trump said this week he would “totally be willing” to shut down the government if Congress does not approve at least $5 billion for his wall on the U.S.-Mexico border as part of a year-end spending deal. Congress is facing a Dec. 7 deadline to pass legislation funding the Homeland Security Department, the State… Read more »

Congress Weighing Options to Avoid Shutdown

Congress is still at odds over border security funding and leaders are now weighing fallback plans should no agreement be reached when government funding runs out on Dec. 7. Congressional leaders are increasingly frustrated that a partial government shutdown is potentially two weeks away, particularly because both parties have already largely agreed to spending levels… Read more »

Budget Deficit Swells to $779 Billion

The federal budget deficit grew to $779 billion in fiscal 2018, nearly 17 percent higher than last year, according to the Treasury Department. The deficit is now on pace to top $1 trillion next year, and is the largest since 2012, when the economy was still recovering from the last recession. Administration officials attributed the… Read more »

Trump Says He Will Sign Spending Bill

President Trump said last night he will sign an $852 billion spending bill to avert a partial government shutdown at the end of the week. The spending bill passed by the House this week funds all agencies at current levels through Dec. 7. The continuing resolution passed as part of a broader 2019 appropriations package… Read more »