United States federal budget

Budget negotiators looking at two-year deal to end showdowns

Budget negotiators looking at two-year deal to end showdowns

U.S. budget talks are aiming for a two-year deal that would end divisive fiscal showdowns that have plagued Congress since 2011, while also easing the severe across-the-board spending cuts that otherwise would trigger in 2014 and 2015, a Republican negotiator said on Wednesday. In an interview with Reuters, Representative Tom Cole of Oklahoma said that […]

Obama”s budget: Higher, then lower deficits?

Obama”s budget: Higher, then lower deficits?

Near-term U.S. deficits under President Barack Obama’s 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion lower over the coming decade, CBO said on Friday. The non-partisan congressional budget referee agency said that due to proposed spending increases, Obama’s budget proposal would lead […]