Last month, we compared the House and Senate budget resolutions against baseline projections. Now that President Barack Obama has released his own budget, we’ve updated our deficit chart to include the effects of his proposals and added an interactive component. read more...
President Barack Obama says his budget would cut the deficit to $744 billion next year, down from over a trillion in fiscal 2012. Driven by the costs of mandatory programs, outlays are expected to rise to $3.8 trillion in 2014 but fall as a share of GDP to 22.2 percent, the lowest level since 2008. And after dipping during the recession, revenue is expected to grow steadily but stay below 20 percent of GDP. read more...
President Barack Obama released his fiscal 2014 budget this morning. These tables summarize his proposals and the economic assumptions behind them. read more...
Next week, President Barack Obama will submit his budget request to Congress for the 2014 fiscal year. The president’s request is historically not very good at predicting appropriations, with Congress typically spending more than the president asked for. read more...
On Wednesday, Senate Democrats began marking up their first budget resolution since 2009. The Democratic plan, released by Senate Budget Committee Chair Patty Murray of Washington, draws clear distinctions with the Republican proposal put forward last week by the House Budget Committee, led by Rep. Paul Ryan of Wisconsin. read more...
The continuing resolution currently funding the federal government is set to expire near the end of this month, and now both chambers have offered up plans for extending budget authority through the end of this fiscal year. read more...
Faced with a New Year’s deadline, Congress and the White House reached an last-minute agreement to avert the impending tax hikes and spending cuts collectively known as the fiscal cliff. The Congressional Budget Office estimates that extending the tax cuts without limiting spending will add $4 trillion to the deficit over the next decade, as outlined above. read more...
This list was constructed based on interviews with lawmakers and aides involved in budget negotiations. The existence of these proposals suggests that the two parties made huge progress on at least the spending side of talks and that any new deficit reduction talks can begin with much of the preliminary work already done. read more...
Under current law, a wide range of temporary tax and spending provisions are set to expire at the end of 2012, cutting the yearly budget deficit almost in half and as a result imposing considerable fiscal policy restraint on the U.S. economy. A recent report by the Congressional Budget Office suggests that the short-term economic consequences of letting that happen might be severe. read more...
The graph shows new discretionary budget authority (appropriations) for the entire federal government and for defense programs, historically and as limited by the 2011 debt limit law. With the sequester set to take effect in January, lawmakers are talking about delaying these additional cuts or replacing them with savings they find more palatable. read more...
On May 21, the House approved allocations, known as 302(b)s, for fiscal 2014 appropriations. The Democratic…
As of 2010, just over 40 million people living in the United States were born in…
The Senate approved a cloture motion Thursday night on an internet sales tax bill by a…
The Data Mine, CQ Roll Call's multimedia blog, features interactive visualizations of government and congressional data along with in-depth, policy-oriented analysis of the latest facts and figures.
