Political Capital

Posts tagged: budget

A retiree attends a Senior Information & Resource Fair in South Gate, California.

Photograph by Robyn Beck/AFP via Getty Images

A retiree attends a Senior Information & Resource Fair in South Gate, California.

Bloomberg by the Numbers: 26%

Federal spending is projected to rise to 26 percent of gross domestic product in 2039 from 21 percent in 2013, according to the Congressional Budget Office. Increased spending for Social Security, Medicare, Medicaid, children’s health programs and subsidies for medical...

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Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Photograph by Luke Sharrett/Bloomberg

Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Bloomberg by the Numbers: $1,259

    Each U.S. taxpayer would have to pay $1,259 on average to recoup revenue lost to corporations and individuals who use offshore tax havens.  ”The United States loses approximately $184 billion in federal and state revenue each year due...

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Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Bloomberg by the Numbers: 2.8%

    The federal budget deficit will be 2.8 percent of gross domestic product this fiscal year, according to a Congressional Budget Office projection.  That would mark a decline in the deficit from 4.1 percent of the economy in fiscal...

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In line to purchase copies of President Barack Obama's Fiscal Year 2015 Budget at the Government Printing Office bookstore in Washington, D.C., on March 4, 2014.

Photograph by Andrew Harrer/Bloomberg

In line to purchase copies of President Barack Obama's Fiscal Year 2015 Budget at the Government Printing Office bookstore in Washington, D.C., on March 4, 2014.

Republicans Offer Obama Budget — Set-up for Failed Shutout

Updated at 5:50 pm EDT President Barack Obama can’t offer his own amendment to the House Republican budget, so South Carolina Republican Mick Mulvaney has helpfully assistED. The result was sure to be a resounding defeat of an amendment intended...

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The U.S.-Mexico border fence during a special 'Mass on the Border' on April 1, 2014 in Nogales, Arizona.

Photograph by John Moore/Getty Images

The U.S.-Mexico border fence during a special 'Mass on the Border' on April 1, 2014 in Nogales, Arizona.

Immigration Message: Passage Not the Point of Amendment

Let’s get this out of the way first : The budget is always a political messaging bill. Even more so this year, given that Congress has already set top-line spending levels for the next fiscal year. It’s such a messaging...

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Government Printing Office staff members arrange copies of President Barack Obama's Fiscal Year 2015 Budget in Washington, D.C. on March 4, 2014.

Photograph by Andrew Harrer/Bloomberg

Government Printing Office staff members arrange copies of President Barack Obama's Fiscal Year 2015 Budget in Washington, D.C. on March 4, 2014.

Bloomberg by the Numbers: $56 Billion

President Barack Obama’s proposed budget for fiscal year 2015 includes $56 billion for what the White House calls an “Opportunity, Growth, and Security Initiative.” The added spending, part of a $3.9 trillion budget request the Obama administration released yesterday, would...

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Coal at the Tennessee Valley Authority Paradise Fossil Plant in Paradise, Kentucky.

Photograph by Luke Sharrett/Bloomberg

Coal at the Tennessee Valley Authority Paradise Fossil Plant in Paradise, Kentucky.

TVA Lives to Fight Another Budget Day

The Obama administration may be pulling the plug on plans to sell the Tennessee Valley Authority, created by Franklin D. Roosevelt 81 years ago. A year after President Barack Obama began a strategic review of the power provider, the  administration...

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Immigration reform advocates demonstrate on Nov. 12, 2013 in New York City.

Photograph by John Moore/Getty Images

Immigration reform advocates demonstrate on Nov. 12, 2013 in New York City.

Obama’s Budget Underwhelms Immigration Advocates

If President Barack Obama’s budget proposal today was meant to energize fellow Democrats heading into the November elections, it may be coming up short in at least one area: Immigration enforcement. Obama has come under fire from fellow Democrats as his...

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A pedestrian pauses to take a photograph, right, of the White House in Washington, D.C., on March 3, 2014.

Photograph by Andrew Harrer/Bloomberg

A pedestrian pauses to take a photograph, right, of the White House in Washington, D.C., on March 3, 2014.

Snow Blinds Washington — Hold Your Questions, Please

The snow that started falling on Washington before dawn has becoming something of a white-out at the nation’s capital, with fine flakes blown by blustery winds burying the district and surroundings in a blanket of silence. In a town whose...

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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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