Tag: Federal Budget (US)

Mulvaney Says He Often Disagrees With Trump (Just Never Publicly)

Mick Mulvaney, the acting White House chief of staff, said in a wide-ranging discussion on Wednesday night that he disagreed with President Trump “every single day,” mocked a fellow administration adviser and accused Republicans of hypocrisy over the budget deficit. Mr. Mulvaney, addressing a crowd of several hundred during a question-and-answer session with the Oxford […]

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Why Do My Fellow Republicans Make Excuses for Trump’s Deficits?

People have a tragic flaw: Sometimes we want others to do the thinking for us. And across the ages promoters and con men have been more than willing to oblige. They invite us to indulge in the fantasy that a newfound father figure will fix it all, though it never works out that way. This […]

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Unloved by Trump, NPR Carries On

First President Trump questioned the existence of National Public Radio in a tweet. Then, as part of the annual budget request released last Monday, he recommended slashing federal funding to the Corporation for Public Broadcasting, the body that distributes taxpayer dollars to NPR and other public media outlets, to $0 by 2023. Past budget proposals […]

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The President Takes a Campaign Donation From the Pentagon

That “big, beautiful wall” President Trump never tires of carrying on about is becoming one of the most expensive campaign stunts ever. It is a potentially unconstitutional one as well, as the Defense Department prepares to divert more billions of dollars authorized by Congress from a variety of weapons programs to generate bragging rights for […]

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Administration to Divert Billions From Pentagon to Fund Border Wall

WASHINGTON — The Pentagon plans to divert $3.8 billion intended for military equipment to the construction of a wall at the southwestern border, it informed lawmakers on Thursday, drawing bipartisan outrage and reviving a long-running battle with Congress over funding for President Trump’s signature campaign promise. The formal notification to Congress on Thursday, which was […]

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As Powell Warns of Possible Fallout From Coronavirus, Trump Again Criticizes Fed Chair

WASHINGTON — Federal Reserve Chair Jerome H. Powell warned lawmakers on Tuesday that the coronavirus epidemic sweeping China could pose broader economic risks, even as he signaled that the central bank is comfortable holding interest rates steady for now. “We are closely monitoring the emergence of the coronavirus, which could lead to disruptions in China […]

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Fed Chair Powell Warns of Possible Economic Fallout from Coronavirus

WASHINGTON — Federal Reserve Chair Jerome H. Powell will warn lawmakers on Tuesday that the coronavirus epidemic sweeping China could pose broader economic risks, even as he signals that the central bank is comfortable holding interest rates steady for now. “We are closely monitoring the emergence of the coronavirus, which could lead to disruptions in […]

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In Trump’s Budget, Big Health Care Cuts but Few Details

WASHINGTON — President Trump told a group of governors on Monday that he was pulling back from efforts to repeal the Affordable Care Act, reasoning that with the end of the individual mandate already in force, the law was basically “not Obamacare anymore.” About an hour later, the White House released a budget proposal for […]

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Trump Budget Calls for New Nuclear Warheads and 2 Types of Missiles

WASHINGTON — The Trump administration has begun to put a price tag on its growing arms race with Russia and China, and the early numbers indicate that restoring nuclear weapons to a central role in American military strategy will cost tens of billions of dollars over the next decade. In the 2021 budget released on […]

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Trump Budget Would Fray Social Safety Net

WASHINGTON — President Trump, since before his 2016 campaign, has broken with other Republicans to promise to protect America’s most prominent social safety net programs, but his budget request for fiscal year 2021 would trim government programs that millions of Americans depend upon. If enacted, the proposals would probably widen the gap between rich and […]

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What’s in President Trump’s Fiscal 2021 Budget?

WASHINGTON — President Trump has proposed a record $4.8 trillion budget for the 2021 fiscal year, and while Congress decides what to fund, the document provides a window into the White House’s spending priorities. The president’s plan includes about $2 trillion in cuts to safety net programs and student loan initiatives. Those reductions encompass new […]

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Trump’s $4.8 Trillion Budget Would Cut Safety Net Programs and Boost Defense

WASHINGTON — President Trump released a $4.8 trillion budget proposal on Monday that includes a familiar list of deep cuts to student loan assistance, affordable housing efforts, food stamps and Medicaid, reflecting Mr. Trump’s election-year effort to continue shrinking the federal safety net. The proposal, which must be approved by Congress, includes additional spending for […]

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Trump’s Budget Math Grapples With Economic Reality

WASHINGTON — President Trump’s budget proposals have been defined by a belief that the economy will grow significantly faster than most economists anticipate. The latest version, set for release on Monday, is a brief departure: It concedes, for the first time, that the administration’s past projections were too optimistic. Then it goes right back to […]

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Trump to Propose $4.8 Trillion Budget That Will Include More Border Wall Funding

WASHINGTON — President Trump is expected to ask Congress for billions of additional dollars for his wall along the southern border and more immigration enforcement resources as part of his official budget proposal that is set to be released on Monday. The White House is expected to propose a $4.8 billion budget for fiscal 2021, […]

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The Triumph of Fiscal Hypocrisy

Donald Trump’s re-election campaign will be centered around claims that he has done great things for the economy. And let’s be honest: The U.S. economy is running pretty hot these days. Growth in G.D.P. and employment has been good, though not spectacular; the unemployment rate is near a historic low. There are some shadows in […]

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Cuomo’s Bad Medicine on Medicaid

For years, New York State has operated one of the most generous Medicaid programs in the country, a point of pride in a state with a long tradition of investing in the social safety net. The program provides health care and other services to more than six million people, largely low-income New Yorkers, and the […]

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U.S. Budget Deficit to Top $1 Trillion for Next Decade

WASHINGTON — The Congressional Budget Office predicted on Tuesday that the United States deficit will top $1 trillion annually over the next 10 years, ultimately reaching $1.7 trillion in 2030. The ballooning deficit is being fueled by increased borrowing by the federal government, which continues to spend more money than it takes in. By 2030, […]

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Trump Tries to Walk Back Entitlement Comments as Democrats Pounce

When President Trump suggested to an interviewer at the World Economic Forum in Switzerland that he would, “at some point,” look at cutting entitlement programs, his Democratic critics seized on the comments as evidence that Mr. Trump would gut Social Security, Medicare and Medicaid in a second term. “Even as the impeachment trial is underway, […]

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Trump Opens Door to Cuts to Medicare and Other Entitlement Programs

WASHINGTON — President Trump suggested on Wednesday that he would be willing to consider cuts to social safety-net programs like Medicare to reduce the federal deficit if he wins a second term, an apparent shift from his 2016 campaign promise to protect funding for such entitlements. The president made the comments on the sidelines of […]

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Medicare’s Part D Doughnut Hole Has Closed! Mostly. Sorta.

With the new decade comes this long-awaited milestone: the Medicare Part D doughnut hole has closed. Two cheers. More than 61 million Americans are Medicare beneficiaries, and about 46 million of those are enrolled in Part D. The doughnut hole, more formally called the coverage gap, has been one of Part D’s more detested features […]

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