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Search Tags: budget
An administration official confirmed the decision to ask Congress in the fiscal 2015 budget request expected on March 4 for another slight increase.
The Pentagon says its spending plan acknowledges defense spending is on a downward trajectory, and reduces force structure in order to balance other priorities such as readiness. If sequestration stays in place, the calculus will change, Defense officials say.
Today's announcement that President Barack Obama would not be including a proposal to calculate cost-of-living changes to federal retirement rates in his 2015 budget should be welcome news to federal employees, legislators and federal-employee support groups who opposed it.
News and buzz from the last two weeks includes a new legislative proposal from Rep. Darrell Issa on suspension and debarment and round two of the Presidential Innovation Fellows program.
In a new report to lawmakers, the White House determined discretionary spending fell $2 billion below the Budget Control Act caps.
The Office of Management and Budget this week announced President Barack Obama's fiscal 2015 budget would be released March 4 — about a month later than the traditional deadline. Still, this year's delay is much smaller than last year, when the budget release came two months late because of the congressional deliberations over annual spending and the across-the-board budget cuts known as sequestration.
The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October's government shutdown and debt crisis.
John Koskinen, sworn in as IRS commissioner in late December, has been meeting with frontline employees and crunching numbers for the last several weeks. He told Congress Wednesday that every corner of the agency is underfunded, and as a direct result, the Treasury is collecting fewer dollars than it should.