Items tagged with federal budget:
News & Updates:
DOJ and FTC clashing over big tech antitrust agenda; Advisors can’t walk Trump back from tariffs; Congress facing September scramble to fund the government; Top research departure at USDA highlights worrying trend; U.S. services sectors decelerated in July.
House and Senate introduce competing carbon tax bills; House passes two-year budget deal to lift spending and debt ceiling; Farmers’ patience running out over trade war; Trump can’t get a win on asylum laws; GDP slows to 2.1% in second quarter but beats expectations.
White House and Congress reach deal on spending and debt ceiling; New Trump administration rule to remove 3 million people from food stamps; Congress targets Chinese rail cars over security concerns; Trump administration moves to speed up deportations; House Democrats to unveil drug pricing bill in September; U.S. existing home sales fell 1.7% in June.
Chinese investment falls as trade tensions rise; House Republicans ask Trump to reject new spending levels; Markets preparing for dovish monetary policy convergence; National Activity Index shows some improvement.
EPA hands chemical industry a victory at the expense of children’s health; To Trump’s ire, budget deal poised to extend deficit; House passes $15 minimum wage bill; Market guessing how much Fed cuts rates this month.
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/