Items tagged with Federal Budget:
News & Updates:
Trump administration unveils changes to the visa program that promoted entry for skilled workers; House Democrats presents a funding proposal that excludes financing of border wall; Federal courts to hear case on net neutrality; Jobless claims surge to a near 18-month high; New home sales rise in November.
According to a report from the Congressional Budget Office, the government shutdown has likely cost at least $3 billionReports show that the government shutdown has cost a net $3 billion; Congress and the Executive Office explore new ways to permanently end the government shutdown; Trade talks between US and China resume following promising preliminary negotiations; Consumer confidence drops to a 18 month low.
Amidst entrenched polarization, Trump announces that he is willing to use emergency power to fund board wallPresident Trump announces intent to fund border wall via emergency powers if necessary; Trump announces to combat surprise medical bills through legislation; National Labor Relations Board announces new rule making that would qualify fewer employees for federally mandated labor protections; National Activity Index rising.
Hospital price disclosure rule implemented but met with mixed responses; Despite efforts from the Trump organization to prop up the coal industry, more plants continue to shut down; Federal Judge over rules Trump administration’s rule that allows businesses to opt out of providing contraception on the basis of moral or religious beliefs; Government Shutdown begins to have an effect on economy and growth.
White House explores alternative funding options for border wall such as diprioritization of disaster relief efforts in Puerto Rico, Texas, California, and Florida; Trump tweets a potential path to citizenship for highly skilled visa holders; High level trade negotiations between US and China to begin Jan 30th; Consumer prices fall by 0.1%
Congressional Budget Office
Since its founding in 1974, the Congressional Budget Office (CBO) has produced independent analyses of budgetary and economic issues to support the Congressional budget process.
The agency is strictly nonpartisan and conducts objective, impartial analysis, which is evident in each of the dozens of reports and hundreds of cost estimates that its economists and policy analysts produce each year. CBO does not make policy recommendations, and each report and cost estimate discloses the agency’s assumptions and methodologies. CBO provides budgetary and economic information in a variety of ways and at various points in the legislative process. Products include baseline budget projections and economic forecasts, analysis of the President’s budget, cost estimates, analysis of federal mandates, working papers, and more.
Quick link to Products page: http://www.cbo.gov/about/our-products
Quick link to Topics: http://www.cbo.gov/topics
Office of Management and Budget
As the implementation and enforcement arm of Presidential policy government-wide, OMB carries out its mission through five critical processes that are essential to the President’s ability to plan and implement his priorities across the Executive Branch:
- Budget development and execution, a significant government-wide process managed from the Executive Office of the President and a mechanism by which a President implements decisions, policies, priorities, and actions in all areas (from economic recovery to health care to energy policy to national security);
- Management — oversight of agency performance, Federal procurement, financial management, and information/IT (including paperwork reduction, privacy, and security);
- Coordination and review of all significant Federal regulations by executive agencies, to reflect Presidential priorities and to ensure that economic and other impacts are assessed as part of regulatory decision-making, along with review and assessment of information collection requests;
- Legislative clearance and coordination (review and clearance of all agency communications with Congress, including testimony and draft bills) to ensure consistency of agency legislative views and proposals with Presidential policy; and
- Executive Orders and Presidential Memoranda to agency heads and officials, the mechanisms by which the President directs specific government-wide actions by Executive Branch officials.
- Quick link to current budget: http://www.whitehouse.gov/omb/budget/Overview
- Quick link to historical budgets: http://www.gpo.gov/fdsys/browse/collectionGPO.action?collectionCode=BUDGET
- Quick link to “About OMB”: http://www.whitehouse.gov/omb/organization_mission/