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Tag: Budget

Canada budget rolls out post-pandemic spending plan ahead of likely election

Canada’s Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland pose for a picture holding the budget on Parliament Hill in Ottawa, Ontario, Canada, April 19, 2021. REUTERS/Patrick Doyle April 19, 2021 By Julie Gordon OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau’s government on Monday lined up billions in new spending to provide emergency […]

True National Debt Exceeds $123 Trillion, or Nearly $800,000 per Taxpayer: Report

America’s national debt now exceeds $123 trillion, according to a new report, or more than four times the official figure of $28 trillion, as calculated by the U.S. Treasury Department at the end of March. Federal spending related to the CCP virus pandemic and economic lockdown added nearly $10 trillion to the total in 2020, […]

Oklahoma Supreme Court Rules City Violated Law in Cutting Police Budget

The Oklahoma Supreme Court ruled on April 13 that the Norman City Council violated the state’s Open Meeting Act, or Sunshine Act, when it approved a budget that slashed $865,000 from police department funding in June last year, amid calls to “defund the police” spurred by social justice advocates in response to the May death […]

Biden’s budget deficit hits record $1.7T as spending soars

An exterior view of the building of U.S. Department of the Treasury is seen on March 27, 2020 in Washington, D.C. (Photo by OLIVIER DOULIERY/AFP via Getty Images) OAN NewsroomUPDATED 6:22 PM PT – Monday, April 12, 2021 U.S. federal budget deficit hit a record high amid elevated spending and slow GDP recovery by the […]

Biden proposes $1.5T federal budget, increasing non-defense spending

Joe Biden listens during an event on gun control in the Rose Garden at the White House April 8, 2021 in Washington, DC. (Photo by Alex Wong/Getty Images) OAN NewsroomUPDATED 3:43 PM PT – Friday, April 9, 2021 The Biden administration released its budget proposal for 2022, which will provide a 16 percent boost to […]

Biden Asks for $1.5 Trillion In First Budget Request, Including 16 Percent Domestic Spending Boost

President Biden on Friday asked Congress to authorize a $1.52 trillion federal spending plan for 2022, which gives a sense of his administration’s priorities, calling for a 16 percent increase in funding for non-defense domestic programs and a relatively flat 1.7 percent increase for defense. Biden’s first discretionary spending request, detailed in a blueprint (pdf) […]

Senate Parliamentarian Ruling Opens Option for Democrats to Pass Biden’s Infrastructure Plan via Budget Reconciliation Process

The Senate parliamentarian, Elizabeth MacDonough, ruled in an opinion to allow the Democrats in the evenly-split 50-50 Senate to use the reconciliation process again in fiscal year 2021, a spokesman for Majority Leader Chuck Schumer (D-N.Y.) said on Monday. The ruling potentially allows Democrats to pass President Joe Biden’s $2.25 trillion infrastructure proposal, dubbed the “America Jobs […]

German government backs new budget as Scholz signals spending spree

FILE PHOTO: German Social Democratic party (SPD) candidate for chancellor Olaf Scholz attends a two-day party meeting in Berlin, Germany February 7, 2021. Tobias Schwarz/Pool via REUTERS March 24, 2021 By Michael Nienaber BERLIN (Reuters) – Finance Minister Olaf Scholz promised on Wednesday to do whatever was needed to enable Germany to spend its way […]

US Lawmakers Seek 20 Percent Boost in Foreign Affairs Budget, With Eye on China

WASHINGTON—Democratic U.S. lawmakers on Tuesday proposed an increase of $12 billion in the country’s foreign affairs budget, hoping to prod President Joe Biden to boost funding for diplomacy after years of flat spending. Sens. Chris Murphy (D-Conn.) and Chris Van Hollen (D-Md.) and Reps. David Cicilline (D-R.I.) and Ami Bera (D-Calif.) said the 20 percent […]

U.S. lawmakers seek 20% boost in foreign affairs budget, with eye on China

FILE PHOTO: U.S. Senator Chris Murphy (D-CT) speaks during the Senate Foreign Relations Committee hearing on the nomination of Linda Thomas-Greenfield to be the United States Ambassador to the United Nations, on Capitol Hill in Washington, D.C., U.S., January 27, 2021. Greg Nash/Pool via REUTERS/File Photo March 16, 2021 By Patricia Zengerle WASHINGTON (Reuters) – […]