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Search Tags: John Boehner
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.
Tags: budget 2014
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.
OMB details hundreds of thousands of furloughs and cuts to nearly every agency program. Danny Werfel, OMB controller, said the effective percentage cut to each civilian agency would be about 9 percent and 13 percent for DoD over the next seven months.
President Barack Obama is asking Congress for a short-term deficit reduction package of spending cuts and tax revenue that will delay the effective date of steeper automatic cuts now scheduled to kick in on March 1. Obama said the looming cuts would be economically damaging and must be avoided.
President Barack Obama said he'll sign a $50.5 billion emergency relief measure for Superstorm Sandy victims as soon as it lands on his desk.
Speaker John Boehner says the GOP-controlled House will "do its job" and pass legislation to lift the nation's borrowing cap and keep the government running, but will insist that Democrats accept new spending controls.