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Search Tags: budget
A peek at political, and agency, fortunes in 2010, including pay raises for feds and the possibility of layoffs.
The House voted 221-202 Thursday to pass the 1,088-page, $1.1 trillion measure _ combining $447 billion in operating budgets with about $650 billion in payments for federal benefit programs such as Medicare and Medicaid. The Senate immediately voted to begin debate, with a final vote likely this weekend.
House leadership reportedly "very frustrated" by the Senate's slow pace in passing spending bills.
The President has requested a budget of $446.15 million for the Peace Corps. The proposed budget request reflects a plan for agency wide investment in quality growth, and will enable the Peace Corps to recruit, train, and support thousands of Americans willing to devote two years of their lives to public service in communities abroad.
Given the cuts made across the board in the proposed FY 2011 budget, Defense could easily have been considered low hanging fruit. So the biggest surprise may be no surprise at all, according to one analyst.
Defense Secretary Robert Gates is urging Congress to approve the Obama administration's $768.2 billion Pentagon budget request, saying America needs "a broad portfolio of military capabilities."
We get budget analysis from economist Douglas Holtz-Eakin, an unmatched authority on economics of public policy in all areas—government fiscal and monetary policy, economic policy, trade, healthcare, and entrepreneurship, to name a few.