Economy & Small Business
New York Times - John Harwood
Ask around the White House and the Capitol, and you will quickly find reasons to doubt that Republicans will compromise with President Obama on a budget deal that includes more tax increases and entitlement spending cuts.
So why does Mr. Obama keep talking to Republicans about a deal? Because Republicans still have powerful incentives to strike one.
Bloomberg Businessweek - David J. Lynch
A shrinking U.S. federal deficit is undermining the favorite tax-and-spending arguments of both Republicans and Democrats.
During the recurring fiscal crises of the past few years, Republicans have pressed for deep budget cuts, including fundamental changes to programs such as Medicare and Social Security. Democrats have called for increasing the tax burden on the wealthiest Americans.
Both will be harder sells in an unfamiliar era of falling deficits.
POLITICO - Darren Samuelsohn
Sequestration was supposed to be a meat ax slashing large chunks of the federal budget, but Congress is poised to turn it into Swiss cheese.
The shortlist for the next round of possible sequester saves includes cancer patients, medical researchers, hungry seniors, poor people and pre-schoolers.
“I’m looking at doing rifle shots on a lot of things, on Head Start programs, on elderly feeding programs,” Iowa Democratic Sen. Tom Harkin, a senior member of the Appropriations Committee, told POLITICO.
Time is a precious commodity. Last week, you might have been one of many airline travelers who lost unnecessary time due to flight delays and cancellations resulting from staffing reductions within the Federal Aviation Administration (FAA). Claiming compliance with required cuts due to sequestration, FAA actions that upset travelers and hardworking personnel should ultimately be recognized as an attempt by the Obama Administration to make a dramatic political statement.
Washington, D.C. – U.S. Reps. Gregg Harper (R–Miss.) and Tom Cole (R–Okla.) introduced a bill today that prioritizes pediatric research for children with special needs.
The “Kids First Research Act” eliminates taxpayer financing of presidential campaigns and political party national conventions. The bill reallocates these federal resources to pediatric research within the National Institutes of Health (NIH).
Two months late and $8.2 trillion short, President Obama’s fiscal year 2014 budget blueprint finally arrived on Capitol Hill. While the unveiling of the White House budget is usually the first event of the yearly budget season, its arrival well after passage of the House Republican budget makes the contrast between the two plans even more dramatic.
WASHINGTON, D.C. – Congressman Tom Cole (OK-04) released the following statement regarding the release of President Obama’s Fiscal Year 2014 budget plan:
“By submitting a budget that never achieves balance, President Obama has once again failed the most basic requirement of fiscally responsible governance. Raising taxes by $1 trillion and adding $1 trillion in new spending is not the approach we need to overcome our national debt and create jobs.
One of the first questions reporters asked House Republicans when we unveiled our “Path to Prosperity” budget plan is “Why does the plan repeal Obamacare?” The answer is simple: Obamacare is an economic disaster.
The Hill - Sam Baker
House Majority Leader Eric Cantor (R-Va.) said Tuesday the GOP will introduce a bill to boost federal medical research — and pay for it by eliminating public funds for political conventions.
Cantor outlined the "Kids First Research Act" on World Autism Day. He said the bill, which Reps. Gregg Harper (R-Miss.) and Tom Cole (R-Okla.) will introduce "in the coming weeks," would redirect federal funds toward research at the National Institutes of Health.