Preview of President’s Budget Request for FY2015

President Obama will release his FY2015 budget request next Tuesday. He is expected to seek a small increase in spending as called for by the December budget deal but he will avoid any “grand bargain” proposals for steep deficit cuts. Obama’s request will stick to the $1.014 billion discretionary spending caps for FY2015 set by… Read More


The Week Ahead: Debt Ceiling and Military COLAs

Both the House and Senate are in session this week. The Senate is expected to consider legislation to a repeal a cut in the cost-of-living adjustment for younger military retirees, while the House could consider debt ceiling legislation before adjourning Wednesday for a Democratic retreat. Both chamber will recess next week for the President’s Day… Read More


White House Budget to be Released in Two Installments

The White House has previously announced that they will submit their FY2015 budget proposal on March 4th, nearly a month later than required. Now we are hearing that they will release the budget request in two installments. The first on March 4th as previously announced, which will include top line numbers. The second and more… Read More


Pell Grant Shortfall Delayed to FY2017

Yesterday the Congressional Budget Office (CBO) released their Budget and Economic Outlook: 2014 to 2024. The deficit is expected to fall this year as the economy gains steam, but CBO also anticipates that increasing health care costs and higher payments on the national debt mean that those gains will not last. The deficit estimate sets… Read More


SOTU Tonight

Tonight President Obama will deliver the State of the Union address to a joint session of Congress at 9:00pm ET/6:00pm PT. He is expected to talk about a package of largely recycled proposals that would, among other things, raise the minimum wage, overhaul immigration laws, and authorize new infrastructure spending. He’ll also use the State… Read More


White House to Release Budget March 4th

The White House announced today that it will release the Administration’s FY 2015 budget proposal on March 4. The Administration had been waiting on Congress to finalize FY 2014 appropriations before having the Office of Management and Budget move fully ahead with the Administration’s FY2015 Budget proposal. With House and Senate finalizing FY 2014 with the… Read More


House Sends FY14 Omnibus Bill to Senate

Yesterday the House approved the $1.1 trillion FY14 omnibus spending bill that remains true to the intent of December’s budget agreement and sets a new tone for the FY15 appropriations cycle.  Adopted by 359-67, the strong bipartisan support in the House should help build momentum next in the Senate where lawmakers are racing against a… Read More


Surprise! White House Delays Budget Submission

The White House is said to be at least a month behind its own schedule for developing a FY2015 budget, which by statute is supposed to be submitted to Congress on the first Monday in February. That will slow work on next year’s spending bills, even though the budget accord negotiated by Senate Budget Chairwoman… Read More