Archive for the “Budget” Category
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Washington (CNN) – Senate Democratic leaders have concluded that the only way to pass critical war-funding before the fast-approaching August congressional recess is for the House to drop its insistence that the measure include billions of dollars for unrelated domestic programs, a top Senate Democratic leadership aide told CNN.
The extra money, which includes funds to help cash-strapped states avoid teacher layoffs, has drawn fire from Republicans who complain it’s a giveaway to the teachers’ unions.
The White House, which doesn’t oppose giving states money for teachers, also objects to the House legislation because it pays for the teacher initiative by cutting funding from President Obama’s “Race to the Top” education reform program.
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Full Story at msnbc.com
WASHINGTON — The U.S. government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs and increase the use of renewable energy sources.
Obama announced the initiative in his weekly radio and online address Saturday, saying the money is part of his plan to bring new industries to the U.S.
“We’re going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America,” Obama said.
The two companies that will receive the money from the president’s $862 billion economic stimulus are Abengoa Solar, which will build one of the world’s largest solar plants in Arizona, creating 1,600 construction jobs; and Abound Solar Manufacturing, which is building plants in Colorado and Indiana.
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Full Story at CNN.com
(CNN) — Senate Democrats failed Thursday to overcome a Republican filibuster of a bill to extend unemployment benefits and prevent Medicare doctors from having their reimbursements cut.
All Republicans opposed ending debate on the wide-ranging bill, forcing further negotiations on specific provisions to seek a possible compromise.
Senate Majority Leader Harry Reid complained Republicans were simply stalling progress on the bill, and he and other Democratic leaders said the GOP filibuster showed Republicans were aligned with special interests such as oil companies and Wall Street hedge funds.
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Full Story at CNN.com
(CNN) — After five months of negotiations, ten emergency budget extensions and a threat of a government shutdown, New York lawmakers were still not close to approving a new budget, Gov. David Paterson’s office said Friday.
Over the past 30 years, the New York state budget has been approved on time just four times, but a shutdown would be unprecedented, and its ramifications are unclear. A senior Paterson administration official said that a conference call took place on Thursday “providing guidance” to state agencies on how to prepare in the event that Monday’s vote fails.
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Full Story at msnbc.com
The cost of the marquee, along with a smaller sign positioned near the airfield: $188,000. Among other odd legacies from war-on-terror spending since 2001 for the troops at Guantanamo Bay: an abandoned volleyball court for $249,000, an unused go-kart track for $296,000 and $3.5 million for 27 playgrounds that are often vacant.
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Full Story atmsnbc.com
WASHINGTON – The Pentagon, not usually known for its frugality, is pleading with Congress to stop spending so much money on the troops.
Through nine years of war, service members have seen a healthy rise in pay and benefits, leaving most of them better compensated than their peers in the private sector.
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Full Story at CNN.com
Washington (CNN) — The Obama administration raised the stakes in the health care debate Monday, releasing a new blueprint that seeks to bridge the gap between measures passed by the Senate and House of Representatives last year.
If enacted, the president’s sweeping compromise plan would constitute the biggest expansion of federal health care guarantees since the enactment of Medicare and Medicaid more than four decades ago. The White House said it would extend coverage to 31 million Americans.
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Full Story at msnbc.com
WASHINGTON – President Barack Obama’s proposed budget predicts the national deficit will crest at a record-breaking $1.6 trillion in the current fiscal year, then start to recede in 2011 to just below $1.3 trillion.
Still, the administration’s new budget proposal to be released Monday says deficits over the next decade will average 4.5 percent of the size of the economy, a level that economists say is dangerously high if not addressed.
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Full Story at msnbc.msn.com
WASHINGTON – President Barack Obama renewed his pledge on Saturday to make job creation his top priority in 2010 but said it was also critical to rein in a record budget deficit that threatened an economic recovery.
Obama used his weekly radio and Internet address to remind Americans of the various proposals he put forward in the last week to spur job growth and tame a $1.4 trillion deficit.
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Full Story at Yahoo! News
WASHINGTON – Republicans love to get their hands on the Democrats’ health care legislation. They show it to the cameras at every opportunity, even piling one version on top of another to make a big pile look even bigger.
Although they complain they don’t have time to read all of it, they found the time to tape it together, page by page, so they could roll it up the steps of the Capitol like super-sized toilet paper and show how very long it is.
It surely is long. But, no, not longer than “War and Peace,” as they claim.
No one really expects brevity when reinventing something as complex and huge as the nation’s health insurance system, which accounts for one-sixth of the economy. Indeed, legislation of comparable size was used to redefine an area of much more limited federal responsibility, education. That was the No Child Left Behind Act from the agenda of Republican President George W. Bush.
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