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Tag Archives: budget deal

House Clears Budget Deal in 266-167 Vote

The House approved a budget deal by a 266-167 bipartisan vote Wednesday to raise spending levels for the next two years and extend the government’s borrowing authority until March 2017, USA Today reported Wednesday. Deidre Shesgreen writes the agreement calls for an additional $80 billion in domestic and military program funds spread …

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Congress Passes Two-Year Budget Deal to Avoid Sequestration

The bipartisan deal to alleviate sequestration-related cuts in the next two fiscal years has been sent to the White House for President Barack Obama’s signature, Reuters reported Wednesday. David Lawder and Richard Cowan write the House approved the budget agreement last week by a wide margin and the Senate cleared …

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Report: Lawmakers Inch Closer to Sequestration Reduction Agreement

Republican and Democratic lead budget negotiators are close to reaching a deal to reduce sequestration-related cuts for the next two fiscal years, Defense News reported Wednesday. Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.) could finalize a small-scale budget plan by the end of this week or early next week, …

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Passback Day Vital to Budgets for Next Fiscal Year

Today is “Passback Day,” when the Office of Management and Budget passes back drafts of proposed budgets for the next fiscal year to federal agencies. The idea is to complete a final budget proposal for the president in January of the next year. The Washington Post reported OMB Director Jack …

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