budget

U.S. Secretary of Defense Lloyd J. Austin III, Chairman of  Joint Chiefs of Staff General Charles Q. Brown, Jr., and Under Secretary of Defense (Comptroller)/ Chief Financial Officer, Michael McCord testify to the House Appropriations Committee on budget at 10:00 a.m. ET on April 17.

U.S. Attorney General Merrick Garland testifies to the House Appropriations Committee in the budget hearing at 10 a.m. ET on April 16.

U.S. Department of Homeland Security Secretary Alejandro Mayorkas testifies to the House Committee on Homeland Security’s budget hearing at 10 a.m. ET on April 16.

Department of Homeland Security Secretary Alejandro Mayorkas testifies to the House Appropriations Committee’s budget hearing at 10:00 a.m. ET on April 10.

Brandon Arnold, an executive vice president of the National Taxpayers Union, analyzes President Joe Biden’s $7.3 trillion budget and its implications for taxpayers, small businesses, and the annual deficit.  

As the annual House GOP policy conference drew to a close, leaders tempered their expectations for the upcoming budget battle. They highlighted the Republicans’ razor-thin majority and the fractious nature of the legislative process.  

President Joe Biden released his $7.3 trillion budget for fiscal year 2025. For analysis, NTD spoke with Samuel Gregg, an economist at the American Institute for Economic Research.   

President Joe Biden on March 11 released his $7.3 trillion budget for fiscal year 2025 that calls for significant tax increases for the wealthy and corporations. It features cost-cutting measures for families, building affordable housing, and investing in American manufacturing in line with previous years. It also includes funding for the administration’s equity initiatives across […]

President Joe Biden on March 11 will release his fiscal year 2025 budget, which is expected to feature major tax increases for the wealthy and businesses, reductions in defense expenditures, and initiatives to make housing more affordable. The president’s budget plan, which outlines his financial priorities, will hold special symbolic significance this year as he […]

Prime Minister Rishi Sunak claimed the UK economy is getting “on the right track” as speculation continues to mount over any tax cuts in the government’s budget. The Kremlin alleges German armed forces were plotting a potential attack on Crimea. But Germany is calling it misinformation. Ukraine is increasingly using domestic-produced weapons and military equipment […]

Uranium ore was processed into weapons-grade plutonium on an industrial scale for the first time in a Mallinckrodt Chemical Co. plant north of downtown St. Louis, Missouri, in December 1942 as part of a secret project. That first-generation plutonium, which existed on no manifest, was trucked to nearby warehouses along 19-mile Coldwater Creek, loaded onto […]

A supplemental funding request from the Biden administration could give the Department of Homeland Security an additional $1.3 billion to fight the flow of fentanyl into the United States, according to the head of the department. On Nov. 8, Department of Homeland Security Secretary Alejandro Mayorkas testified before the Senate Committee on Appropriations about a […]

PHOENIX—Entrances to national parks will be blocked and thousands of park rangers will be furloughed if Congress doesn’t reach a budget agreement this weekend, the Department of Interior said Friday. The stance is a reversal from five years ago, when the Trump administration kept some parks open. This time around, the majority of more than […]

A short-term continuing resolution (CR) aimed at averting a government shutdown while allowing Congress an additional month to come to an agreement on spending has been cleared for consideration by the House of Representatives. The House Rules Committee voted 9-3 along party lines to pass the rule for consideration of H.R. 5525, Continuing Appropriations and […]

The U.S. budget deficit for fiscal year 2023, running from October to September, is already the third largest on record, as tax revenues fall short of expectations and government spending surges. In the first 10 months of the current fiscal year, the budget gap topped $1.6 trillion, higher than the $1.375 trillion deficit in all […]

Michigan Gov. Gretchen Whitmer signed a $24.3 billion education budget on Thursday for the upcoming fiscal year beginning Oct. 1, which state House Republicans have criticized as wasteful spending. The new budget increases per-pupil spending, with a 5 percent raise in the foundation allowance. This raise brings the per-pupil funding to $9,608, the highest in […]

After intense clashes, the House passes the annual National Defense Authorization Act budget. Included are amendments that reverse the Biden administration’s social policies in the Pentagon. The Biden administration announces a plan to cancel nearly $40 billion in student debt for hundreds of thousands of borrowers. How does that work, and how likely is it to […]