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Keyword: budget

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  • Construction stocks could rally as California's $52 billion roads plan clears major hurdle

    04/27/2017 8:04:46 AM PDT · by Tolerance Sucks Rocks · 18 replies
    CNBC ^ | April 7, 2017 | Jeff Daniels
    California's $54 billion plan to fix roads and fund highway improvements cleared a major hurdle late Thursday, passing in the state legislature and setting the stage for what could become a massive spending spree. Positive comments last week from analysts about the state transportation plan sent shares of several construction-related companies sharply higher. Some of them continued to trend higher this week and with passage in both houses of the legislature it's possible they could rally Friday. Analysts have suggested beneficiaries of the state spending could include Summit Materials, a construction materials producer, and AECOM, an engineering firm. Summit's stock...
  • Lawmakers debate return of tolls to Connecticut’s highways

    04/26/2017 8:06:55 AM PDT · by Tolerance Sucks Rocks · 25 replies
    FOX 61 ^ | April 18, 2017 | Jenna DeAngelis and Jeevan Vittal
    HARTFORD – Toll talk is back at the State Capitol. Some lawmakers say it will drive billions into the state over the next two decades and others want to put the brakes on the idea.At a hearing, Monday, the proposal to bring electronic tolls to Connecticut highways was discussed, with public comment both for and against it.State accountants said the way Connecticut funds transportation will no longer be sustainable in the next four years and a new revenue source is needed.“This doesn't make any sense at all," State Sen. Toni Boucher said. "This is just another name for another tax...
  • State Should Add Interstate Tolls

    04/26/2017 7:18:45 AM PDT · by Tolerance Sucks Rocks · 27 replies
    Urban Milwaukee ^ | April 24, 2017 | Robert W. Poole, Jr.
    Wisconsin’s highways are seriously underfunded. According to the Wisconsin Department of Transportation’s Transportation Fund Solvency report, spending only the $28 billion projected to be available over the next decade will lead to double the number of highway miles in “poor” condition — and will preclude even planning any highway expansions for nearly 40 years. Borrowing enough to spend $31 billion would slightly reduce the amount of “poor” highway miles but still would preclude planning any highway expansions until 2040. But a second WisDOT report offers a way out. Extensive research done last year for the DOT by the consulting firm...
  • Pelosi, Schumer urge Trump to butt out of budget negotiations

    04/25/2017 11:12:48 AM PDT · by Zakeet · 40 replies
    Yahoo News ^ | April 24, 2017 | Liz Goodwin
    Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Nancy Pelosi, D-Calif., delivered a message to President Trump on Monday morning about Congress' sensitive negotiations over a spending bill that must pass by Friday. That message: Butt out. "It's my view that if the president stepped out of it, we could get a budget done by Friday," Schumer said on a conference call with reporters. "Totally agree," Pelosi said. "We were on the path to get it done until he did intervene." [Snip] Schumer called the wall a "monkey wrench" the president threw into the process, bungling an agreement...
  • Trump’s ‘big, beautiful wall’ collides with Congress

    04/25/2017 8:46:08 AM PDT · by blueyon · 67 replies
    yahoo.com ^ | 4/25/17 | Liz Goodwin
    WASHINGTON — President Trump reportedly backed off his demand that Congress include a down payment for a wall spanning the entire U.S.-Mexico border in a crucial spending bill that must pass by Friday night to keep the government funded. Republican lawmakers have urged the president to focus on border security in general instead of the wall, which Democrats have called a poison pill that would cause them to reject the bill and shut down the government. Trump told a group of conservative reporters he invited to the White House on Monday that he was open to getting funding for the...
  • The GOP Has a Nuclear Option ...

    04/25/2017 3:16:57 AM PDT · by Yosemitest · 37 replies
    Political Wire ^ | March 24, 2017 | Taegan Goddard
    Rick Klein and Shushannah Walsh:“Want to really blow up the Senate – and fast? A new proposal is emerging that would likely do just that, and it has nothing to do with Senate Democrats’ vow to filibuster Supreme Court nominee Neil Gorsuch. A proposal is being pushed by some Senate Republicans that would seek to ensure that a House-passed bill could be passed intact by only a simple majority of senators.” “How would that work? Well, the vice president, of course, is the president of the Senate. The thinking goes that if the Senate parliamentarian ruled that parts of the...
  • Trump's defense spending hike expected to be ignored by Congress next week

    04/23/2017 12:09:03 PM PDT · by huldah1776 · 13 replies
    Washington Examiner ^ | April 23, 2017 | Travis J. Tritten
    President Trump's push for a big military buildup in legislation funding the government is likely to go unfulfilled next week, when Congress returns and quickly tries to agree on how to keep the government open after April 28. A $578 billion bill that funds the Pentagon through September and provides some modest increases has already been hammered out by lawmakers in both chambers and passed by the House. While there is talk of a week-long extension before the big bill is passed, the main bill is likely to be the basis of all defense spending for the rest of the...
  • Border Lawmakers Balk at Donald Trump’s Wall Request

    04/22/2017 8:24:08 AM PDT · by Helicondelta · 72 replies
    wsj.com ^ | April 21, 2017
    Not a single member of Congress who represents the territory on the southwest border said they support President Donald Trump’s request for $1.4 billion to begin construction of his promised wall, according to a Wall Street Journal survey, testing the administration’s ability to reach a deal on government funding next week. Most lawmakers representing the region—both Democrats and Republicans—said they are opposed and many said they have unanswered questions. A few were noncommittal, but not a single member of the House or Senate representing the region expressed support for the funding request. That includes nine members of the House and...
  • Study of Animal Penises Called “Crucial to Solving World’s Problems” [semi-satire]

    04/22/2017 1:08:44 PM PDT · by John Semmens · 22 replies
    Semi-News/Semi-Satire ^ | 23 Apr 2017 | John Semmens
    Patricia Brennan, a visiting lecturer at Mount Holyoke College in Massachusetts, who spent nearly $400,000 of taxpayer dollars studying duck penises has become a spokesperson in opposition to Trump’s proposed cuts to funding studies like hers. One of the research topics likely to be cut off from tax-funding is her current project to study whale penises. She is eager to examine a recently acquired an orca penis. “It’s enormous!” she exclaimed. “It takes up an entire lab sink. The very idea that Congress might not fund a thorough investigation of this extraordinary specimen is criminal. In order for us to...
  • U.S. Government Might Shut Down Over Border Wall

    04/22/2017 10:54:19 AM PDT · by SeekAndFind · 61 replies
    The Street ^ | 04/21/2017 | Emily Stewart
    A fight over whether to fund a wall at the U.S.-Mexico border could shut down the government next week. Office of Management and Budget Director Mick Mulvaney said on Thursday that money for President Trump's proposed border wall must be part of the spending bill Congress must pass by April 28 to avoid a shutdown of the federal government. Democrats, however, aren't going for it. The former South Carolina congressman said in an interview with the Associated Press that the wall is a "tremendous priority" for the Trump administration and will be a top request on the White House wish...
  • Budget Director Mulvaney: If you want that spending bill, you’d better remember to pay for the wall

    04/21/2017 10:01:44 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 04/21/2017 | Jazz Shaw
    Is this posturing, or is Mick Mulvaney sending a signal that Trump is ready for a government shutdown? Congress is going to have a hot minute or so to pass the omnibus spending bill when they get back in town and the President’s budget boss has decided to toss some gasoline on the bonfire by insisting that funding for the first phase of construction of the wall be included. (Associate Press) White House budget director Mick Mulvaney says that Democratic negotiators on a massive spending bill need to agree to fund top priorities of President Donald Trump such as a...
  • How the U.S. Military Can Save $1 Trillion

    04/19/2017 7:50:37 PM PDT · by Tolerance Sucks Rocks · 38 replies
    The Cato Institute ^ | November 6, 2016 | Benjamin H. Friedman
    The United States could reduce Pentagon spending by over a trillion dollars in the next decade-spending $5.2 trillion rather than the currently planned $6.3 trillion- by adopting strategy of military restraint. That’s the bottom line of a study I produced along with several colleagues as part of “Developing Alternative Defense Strategies 2016,” an exercise organized by the Center for Strategic and Budgetary Assessments, where groups from five think tanks used CSBA’s “Strategic Choices” software to reimagine the U.S. military budget.The others all increased military spending. The teams from the Center for New American Security and the Center for Strategic and...
  • Road to fewer highway tolls in Maine is full of curves

    04/17/2017 12:58:19 PM PDT · by Tolerance Sucks Rocks · 11 replies
    The Portland Press Herald ^ | March 24, 2017 | Peter McGuire
    The idea of doing away with the Maine Turnpike Authority and eliminating tolls has a long and unsuccessful history through both Democratic and Republican administrations.Gov. Paul LePage revived the concept at a town hall meeting in Gorham on Wednesday night, saying he would like to see the turnpike authority merged with the Maine Department of Transportation and the elimination of almost all tollbooths, having one only in Kittery to collect tolls from out-of-state drivers. “The only toll we should have is for the visitors coming in and out of the state in the summer months,” LePage said, adding that Mainers...
  • US Budget Deficit Grows By $176 Billion In March

    04/15/2017 3:35:41 PM PDT · by Tolerance Sucks Rocks · 22 replies
    The Daily Caller News Foundation ^ | April 12, 2017 | Robert Donachie
    The U.S. government posted a budget deficit in March that is markedly higher than a year ago, as government spending outpaced revenue for the month.The budget deficit hit $176.2 billion in March, up from $108 billion the same month last year. The year-to-date deficit is $527 billion, up 14.7 percent from the $479 billion budget deficit in March 2016. Total government revenue fell by 5 percent in March, down to $217 billion from $393 billion in the same month of 2016.A large part of the deficit increase is due to government officials’ decision to shift $42 billion in benefit payments...
  • It's Official: Trump's Swamp-Draining Begins

    04/14/2017 4:56:07 AM PDT · by IBD editorial writer · 38 replies
    Investor's Business Daily ^ | 4/13/2017 | Staff
    Bureaucracy: With surprisingly little fanfare, President Trump has set about doing something that has evaded presidents of both parties for decades: reshaping, resizing and reforming our vast, dysfunctional federal bureaucracy. If he succeeds, all Americans will be the better for it. It's not an easy task. But it is a vital one. Last Wednesday, the ball really got rolling when Trump ended his temporary freeze on federal hiring, and announced a plan to "resize" the government to make it less costly, more productive and more responsive to average citizens. It's the kind of thing that private businesses do all the...
  • Illinois budget stalemate forces Northeastern to cancel classes

    04/12/2017 6:14:01 PM PDT · by GuavaCheesePuff · 27 replies
    WQAD ^ | April 10, 2017 | Jesyka Dereta
    CHICAGO (AP) – Northeastern Illinois University says it will cancel three days of classes in order to cut costs as public universities in Illinois struggle to make ends meet during the state’s budget stalemate. The Chicago-based university will no longer hold classes April 11, 12 and May 1. Illinois has been without a budget for 21 months and has a bill backlog of $12.9 billion. Northeastern Illinois interim President, Richard Helldobler called the state’s unprecedented budget impasse a “state of emergency” for the school.
  • Trump cut Social Security changes from budget proposal

    04/12/2017 1:57:34 PM PDT · by ColdOne · 47 replies
    thehill.com ^ | 4/12/17 | Sylvan Lane
    President Trump scrapped potential reforms to Social Security and Medicare while preparing his first budget request, according to Office of Management and Budget Director Mick Mulvaney. Mulvaney, a fiscal hawk and former member of the House Freedom Caucus, said Trump quashed potential changes to Social Security, citing his campaign pledge not to touch the program. “I laid to him the options that Mick Mulvaney would put on a piece of paper,” Mulvaney told CNBC in an interview that aired Tuesday. “And [Trump] looked at one and said, ‘What is that?’ And I said, ‘Well, that's a change to part of...
  • Mick Mulvaney Orders Federal Agencies to Prepare for Massive Cuts

    04/10/2017 1:42:49 PM PDT · by Hojczyk · 94 replies
    Breitbart ^ | April 10, 2017 | Ben Kew
    Office of Management and Budget Director Mick Mulvaney will send a letter this week ordering federal agencies to prepare for massive cuts, according to a report from Axios. As part of Donald Trump’s plan to streamline federal government, Mulvaney will demand that federal agencies significantly reduce their costs and increase efficiency. The reorganization will likely involve selling assets, laying off employees, and the cancellation of programs deemed unnecessary. The letter will fall in line with Trump’s executive order from March 13th, which dictates Mulvaney “propose a plan to reorganize governmental functions and eliminate unnecessary agencies (as defined in section 551(1)...
  • New York state budget talks collapse

    New York state budget talks collapsed Wednesday night after members of the Senate left the Capitol, with lawmakers from both parties blaming Democratic Gov. Andrew Cuomo for scuttling negotiations over the spending plan, now several days late. Members of the Senate and Assembly insist they were close to an agreement and hoped to pass a budget this week after blowing past a Saturday deadline. Those hopes eroded Wednesday night after the Democratic governor summoned reporters to his office to say that while he would continue to negotiate, there was no final agreement. Less than an hour later the Senate walked...
  • Trump budget plan would deal blow to Washington region’s transit; Purple Line at risk

    04/06/2017 4:01:35 AM PDT · by Tolerance Sucks Rocks · 42 replies
    The Washington Post ^ | March 16, 2017 | Lori Aratani and Katherine Shaver
    Federal funding for Maryland’s Purple Line is in jeopardy, as are Metro’s hopes for a significant increase in money from the government under President Trump’s proposed 2018 budget released Thursday. Trump’s proposed spending plan, which slashes the federal transportation budget by 13 percent, also curbs long-distance Amtrak service out of Washington and cuts millions in federal grants that the region’s governments have relied on for new rapid bus lines, road work, bus stop improvements and bike paths. The cuts came as a shock to many, considering Trump’s campaign pledge to pump $1 trillion into the nation’s crumbling infrastructure. “I find...