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 »

Congress Approves ‘Minibus’ Spending Package

House and Senate leaders reached agreement on a package of three spending bills before departing early for a previously scheduled recess next week. The conference report also includes a continuing resolution that will keep all government agencies funded through at least Dec. 7, likely preventing any threat of government shutdown before the fall elections. The… Read more »

GOP Scrambling to Avoid Shutdown

House leaders have laid out plans to pass several “minibus” packages to fund government agencies before government funding expires on Sept. 30. Various policy disputes and the White House are complicating the process, however. Spending negotiations have slowed since Congress’s return from August recess due to debate over dozens of policy riders and President Trump’s… Read more »

House to Vote on Short-Term CR Today

Fresh off their tax reform victory, GOP leaders are trying to avert a government shutdown by bringing a short-term funding bill to the House floor today. Speaker Paul Ryan (R-WI) is working to soothe his fractured caucus, some of whom are upset that leadership is not trying to pass full-year funding for the Pentagon. Ryan… Read more »