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Search Tags: Budget
Republican leaders plan to pass a short-term funding bill this week to extend by three days the deadline for wrapping up a massive, $1 trillion-plus catch-all spending bill covering funding for the rest of the year. The short-term measure would give lawmakers until midnight next Saturday to pass the larger funding bill. The current stopgap funding bill expires at midnight on Wednesday.
In an annual report to Congress, the National Taxpayer Advocate, Nina Olson, wrote that the IRS faces "unstable and chronic underfunding that puts at risk the IRS's ability to meet its current responsibilities, much less articulate and achieve the necessary transformation to an effective, modern tax agency."
Army's top uniformed official said the Ryan-Murray budget agreement is a partial remedy to the difficulties the Army has had in training and equipping its troops. But undoing the damage of sequestration will take at least another six years.
A new bill would repeal reductions in military pensions approved by Congress late last month as part of the bipartisan budget deal and allow the U.S. Postal Service to reduce regular mail delivery to five days a week. Rep. Darrell Issa (R-Calif.), the chairman of the House Oversight and Government Reform Committee, introduced the legislation Dec. 19, shortly before Congress decamped for the holidays.
Congress and the White House need to restore funding to the nation's federal courts to keep from undermining "the public's confidence in all three branches of government," Chief Justice John Roberts said Tuesday in his year-end report.
Defense Secretary Chuck Hagel has already set about implementing a plan to cut $1 billion from the Defense Department's budget by consolidating and reorganizing top Pentagon offices, but lawmakers want to hold his feet to the fire. The final version of the National Defense Authorization Act passed by Congress Dec. 19 enshrines DoD's ambitious cost-cutting and streamlining plan into law.
On this week's Capital Impact show, Bloomberg Government analysts participate in a roundtable discussion of the budget deal, the Volker Rule, and Bitcoin.
December 26, 2013
Tags: acquisition , budget , budget 2014 , Paul Ryan , Volker Rule , banking regulation , Bitcoin , Allen Scott , Melissa Avstreih , Nela Richardson , Chris Payne , Bloomberg Government , Capital Impact , Congress