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Budget News

Fed minutes show some concerns on bond purchases

The Federal Reserve will keep buying bonds indefinitely to try to keep long-term borrowing costs low. It's just not clear how long indefinitely will be.

Thursday - 01/03/2013, 04:21pm EST

Cliff averted, it's on to the next fiscal crisis

Onward to the next fiscal crisis. Actually, several of them, potentially. The New Year's Day deal averting the "fiscal cliff" lays the groundwork for more combustible struggles in Washington over taxes, spending and debt in the next few months.

Tuesday - 05/22/2012, 06:06pm EDT

Obama signs cliff deal to boost taxes on wealthy

President Barack Obama has signed a bill that boosts taxes on the wealthiest Americans, while preserving tax cuts for most American households.

Thursday - 01/03/2013, 12:18am EST

Analysis: Sequestration postponed? What does that mean?

Brian Friel of Bloomberg Government told The Federal Drive with Tom Temin and Emily Kopp Congress' latest piece of legislation both delays sequestration and reduces its potential effect.

Wednesday - 02/13/2013, 02:39pm EST
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Federal Drive Interviews -- Jan. 2, 2013

Brian Friel of Bloomberg Government and Sterling Beard of The Hill newspaper talk about the new bill to delay sequestration and extend tax cuts. Alicia Cackley of the the Government Accountability Office discusses a new report on the Consumer Product Safety Commission. Cary Russell of the GAO outlines the logistical challenges of withdrawing from Afghanistan.

Wednesday - 02/13/2013, 02:41pm EST

Sequester delayed for two months; pay freeze extension still possible

Rep. Michael Fitzpatrick introduced a bill to extend the pay freeze for federal workers for all of fiscal 2013. The Senate still must pass the bill.

Wednesday - 02/13/2013, 02:42pm EST

Union president calls Senate fiscal cliff bill 'bad deal'

William R. Dougan, national president of the National Federation of Federal Employees, said Tuesday the Senate's fiscal cliff bill will lead to a political standoff that will leave federal employees with an uncertain future.

Wednesday - 02/13/2013, 02:42pm EST

Details of Senate bill averting 'fiscal cliff'

Highlights of a bill approved Tuesday by the Senate aimed at averting wide tax increases and budget cuts scheduled to take effect in the new year.

Wednesday - 02/13/2013, 02:43pm EST

Congress tightens belt, trims spy budget for 2013

House lawmakers voted Monday 373-29 in favor of a Senate-passed bill to slightly boost the president's $72 billion budget request for intelligence agencies, which is still less than last year's $80 billion budget.

Tuesday - 01/01/2013, 07:46am EST

House won't vote before midnight on 'cliff' deal

The House will miss the midnight Monday deadline lawmakers set for voting to avoid the "fiscal cliff." House Republicans notified lawmakers that the chamber will vote Monday evening on other bills. They say that will be their only votes of the day.

Wednesday - 02/13/2013, 02:44pm EST

With cuts looming, OPM advises agencies on 'planned' furloughs

OPM published a guide providing agency human-resources officials with more information about "administrative furloughs," which are different from those stemming from government shutdowns because agencies typically have more time to plan their spending reductions. The Obama administration has reassured reassured federal agencies that sequestration won't have an immediate impact on the federal workforce or day-to-day government operations.

Wednesday - 02/13/2013, 02:45pm EST

House to return to session Sunday evening

The House will be back in session Sunday evening as the "fiscal cliff" looms, threatening across-the-board tax increases and spending cuts with the new year.

Wednesday - 02/13/2013, 02:46pm EST

Obama to fly to home early as 'fiscal cliff' looms

With a yearend deadline looming before the economy goes over the so-called fiscal cliff, President Barack Obama is cutting short his traditional Christmas holiday in Hawaii, planning to leave for Washington on Wednesday evening.

Wednesday - 12/26/2012, 08:33am EST

Cliff poses tiny dollar gap, wide political ravine

When it comes to resolving their "fiscal cliff" impasse, the dollar gap between President Barack Obama and House Speaker John Boehner is tiny in federal terms. That masks a monumental political ravine the two men must try to bridge, with most of the burden on the now-beleaguered Boehner.

Wednesday - 02/13/2013, 02:48pm EST

House OKs federal pension hike as part of fiscal-cliff alternative

The House approved a bill Thursday requiring federal employees to contribute more toward their retirement as part of a broader deal to avert the the so-called fiscal cliff. The 2012 Spending Reduction Act is nearly identical to a measure passed by the House last spring.

Wednesday - 02/13/2013, 02:47pm EST

Panetta: Layoffs unlikely over 'fiscal cliff'

Defense Secretary Leon Panetta is assuring Pentagon workers they will not face layoffs immediately if the government cannot avert the year-end federal tax increases and spending cuts known as the "fiscal cliff."

Thursday - 12/20/2012, 04:47pm EST

OMB offers agencies sequestration guidance as deadline looms

The Obama administration offered agencies new guidance on sequestration, telling agency leaders and federal-employee unions that sequestration won't have an immediate impact on the federal workforce or government operations even if the automatic budget cuts go into effect Jan. 2.

Wednesday - 02/13/2013, 02:50pm EST

OMB delaying budget passback guidance, creating uncertainty

The White House typically gives agencies both funding and policy updates for the upcoming budget request by Thanksgiving. This year OMB decided to hold off on passback guidance because of the current fiscal negotiations with Congress. Several senior agency officials said this lag will compress the timeline to respond to the information and require them to prepare for something that may never happen.

Wednesday - 02/13/2013, 02:51pm EST
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Fed groups pounce on Obama's COLA-cutting proposal

In the latest proposals traded back and forth between the White House and Boehner, the President proposed changing the formula the Labor Department uses to measure inflation — which would reduce annual COLAs for Social Security beneficiaries, including federal and military retirees. Federal-employee unions and groups remain worried the COLA proposals are still very much on the table.

Friday - 02/15/2013, 03:51pm EST

Online Chat: Charlie Armstrong, CIO, CBP

Federal News Radio hosted an online chat with Charlie Armstrong, assistant commissioner and chief information officer at Customs and Border Protection. If you missed it live, view an archived version of the chat here.

Monday - 03/11/2013, 09:37pm EDT
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