Political Capital

Posts tagged: budget cuts

A U.S. Air Force A-10 "Warthog" from the 332nd Air Expeditionary Wing takes off for a mission into Iraq.

Photograph by U.S. Air Force photo by Senior Airman JoAnn S. Makinano via Bloomberg

A U.S. Air Force A-10 "Warthog" from the 332nd Air Expeditionary Wing takes off for a mission into Iraq.

Defense Cuts Face Political Bases: Warthog, Spy-Plane Defenders

From Bloomberg Government’s Congress Tracker: Defense Secretary Chuck Hagel has presented Congress with some unpalatable political decisions in the midst of an election year. His budget proposal for fiscal year 2015 would create some clear political losers. Among them: congressional...

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The Internal Revenue Service (IRS) building in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The Internal Revenue Service (IRS) building in Washington, D.C.

IRS Spending Versus Revenue

The Internal Revenue Service warns that budget cuts would impair its ability to enforce the tax code and prevent cheating. The top House Republican overseeing the agency’s budget disagrees. Rep. Ander Crenshaw of Florida told reporters today that he doesn’t...

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An attendee visits the Northrop Grumman Corp. booth during the 28th National Space Symposium in Colorado Springs.

Photograph by Matthew Staver/Bloomberg

An attendee visits the Northrop Grumman Corp. booth during the 28th National Space Symposium in Colorado Springs.

Coalition of Industries and Advocates Fight Sequestration

The defense aerospace industry gave 60 percent of its donations to Republicans during the 2012 elections. The high-tech industry gave 59 percent of its contributions to the Democrats. Now, representatives of both industries are teaming up to push back on a...

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People walk through a newly-renovated corridor at the Pentagon in Arlington, Virginia.

Photograph by Rich Clement/Bloomberg

People walk through a newly-renovated corridor at the Pentagon in Arlington, Virginia.

Bloomberg by the Numbers: $475 Billion

That’s the projected Defense Department budget for fiscal 2014 under automatic cuts known as sequestration, according to a Pentagon planning document. It’s almost 10 percent less than the pending $526.6 billion request, Bloomberg’s Tony Capaccio reports. The reduction could cause the Pentagon to...

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A Canadian flag flies over the Berens River in Berens River, Manitoba.

Photograph by Marc Rochette/Bloomberg

A Canadian flag flies over the Berens River in Berens River, Manitoba.

Canadian Invasion Not in the Budget

Lawmakers are agreed: We should not invade Canada. Debate over a Senate Democratic proposal to tap “unspent” Afghanistan war funds to cover the cost of halting budget sequestration veered today into the theoretical. Sen. Dick Durbin of Illinois was on...

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Elementary school kids pose for a picture in front of the White House on March 8, 2013. Their class had the last tour of the day.

Photograph by Melina Mara/The Washington Post via Getty Images

Elementary school kids pose for a picture in front of the White House on March 8, 2013. Their class had the last tour of the day.

Obama Asks Secret Service to Let Schoolkids in for White House Tours

In Washington, the time-honored threat of the impact of government budget cuts has centered on closing the Washington Monument. The obelisk on the National Mall is already closed, however — thanks to repairs underway following the 2011 earthquake centered in...

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