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Tag Archives: government spending

Speaker Nancy Pelosi: House Should Pass Deal on Government Spending, Debt Limit Before Recess

House Speaker Nancy Pelosi (D-Calif.) said she hopes the lower chamber can pass a deal to raise the debt ceiling and set spending levels by July 26, CNBC reported Wednesday. Pelosi said she expects the White House and the chamber to agree on a measure by Friday, July 19 to allow lawmakers to work on the legislative text over the weekend.

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PSC’s Alan Chvotkin: Cybersecurity, IT Modernization to Drive Federal Acquisition

Alan Chvotkin, an executive vice president and counsel at the Professional Services Council, has said information technology modernization, cybersecurity and the cross-agency goals in the President’s Management Agenda will help drive federal acquisition in the coming year, Federal News Network reported Monday. “There is no doubt increased focus on IT. Cybersecurity is clearly a high risk and high spend area so we think there will be a lot of business opportunities,” Chvotkin said.

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The Hill: Trump Administration Targets $10T in Federal Spending Cuts

President-elect Donald Trump’s transition team is planning for a $10.5 trillion cut in federal government budget over 10 years in a bid to reduce federal bureaucracy, The Hill newspaper reported Thursday. Alexander Bolton writes that transition officials Russ Vought and John Gray met with White House career staff to discuss the incoming administration’s plans …

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CBO: US Posts $109B Budget Surplus in April

A Congressional Budget Office report says the U.S. posted a budget surplus of $109 billion for the month of April 2016, about $47 billion less than the amount of surplus recorded in the same month last year. CBO said Friday the government’s total receipts fell 7 percent to $440 billion during April while …

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CBO Sees $29B Decline in Federal Deficit Over 4 Months

A new Congressional Budget Office report shows that federal budget deficit amounted to $165 billion after four months of fiscal 2016, about $29 billion lower than the figure for the same period in fiscal 2015. CBO said Friday total amount of revenues earned by the government through individual and corporate income taxes …

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CBO: Tax, Spending Packages to Drive Up 2016 Budget Deficit

The Congressional Budget Office forecasts the U.S. budget deficit to reach $544 billion in fiscal 2016, about $105 billion more than fiscal 2015’s shortfall, Bloomberg reported Wednesday. Andrew Mayeda writes CBO said in a budget and economic outlook report Tuesday the projected 2016 deficit increase will be driven by massive spending and tax bills that were passed …

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