Items tagged with federal budget:
News & Updates:
Trump administration looks to exempt the military from spending cuts with new proposed budget; The Senate Finance Committee to hold hearings on drug pricing for pharmaceutical industry CEOs; Department of the Interior grants waivers to offshore drilling safety rules; In the month of February, the consumer confidence index rose to 131.4 from 121.7; The average home prices in major U.S. cities rose by 4.7%.
Congress to vote on bipartisan security bill without wall funding; Advocacy groups emphasize civil rights issues in big data debate; EPA leaders halted chemical health risk report; Average 4-week jobless claims at 1-year high; Producer price index falls 0.1%
Under the Trump administration, bank mergers are getting approved at a faster rate; The Trump administration faces a pivotal decision that would determine if states can receive exemption from the Medicaid expansion mandate; Trump to sign a compromise for the federal budget funding; Consumer prices remain unchanged in the month of January; The federal deficit falls to $14billion.
Lawmakers announce agreement to avoid government shutdown; A bi-partisan bill was proposed to ban drilling for oil and natural gas in an Alaskan wildlife refuge; A bi-partisan bill was introduced to help attract cyber security experts to the public sector through partnership with private companies; Legislators have launched efforts to repeal the cap on State and Local Tax deductions; Metrics indicate the greatest number of job openings are available now than in 19 years.
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.
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/