Category Archives: Budget

Monthy Budget Review January 2018

Monthly Budget Review for January 2018 from the Congressional Budget Office The federal budget deficit was $174 billion for the first four months of fiscal year 2018, the Congressional Budget Office estimates, $16 billion more than the shortfall recorded during the same period last year. Revenues and outlays were higher, by 4 percent and 5 percent, respectively, […]

Debt Limit Increase

CBO Calls for Borrowing Increase The debt limit—commonly called the debt ceiling—is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. The amount is set by law and has been increased over the years to finance the government’s operations. The limit was suspended […]

H.R.1 – Tax Cuts and Jobs Act

TheWeekInCongress.com (TM) Week ending November 17, 2017 H.R.1 – Tax Cuts and Jobs Act Brief – What follows is the content of the House version of HR 1. The Senate bill is still in play and will be further reported on December 7th. Impact on individuals – The bill eliminates the deduction for state and […]

H.R.3739 – Presidential Allowance Modernization Act of 2017

TheWeekInCongress.com (TM) Week ending November 17, 2017 H.R.3739 – Presidential Allowance Modernization Act of 2017 Brief – Under HR 3739 each former President shall be entitled to receive from the United States an annuity at the rate of $200,000 per year; and which shall commence on the day after the date on which an individual […]

H.R.378 – Bonuses for Cost-Cutters Act of 2017

TheWeekInCongress.com (TM) Week ending October 13, 2017 H.R.378 – Bonuses for Cost-Cutters Act of 2017 Brief – HR 378 would amend title 5, United States Code, to enhance the authority under which Federal agencies may pay cash awards to employees for making cost saving disclosures, and for other purposes. The cost savings would come from […]

Monthly Budget Review for June 2017

Monthly Budget Review from the Congressional Budget Office The federal budget deficit was $520 billion for the first nine months of fiscal year 2017, the Congressional Budget Office estimates—$120 billion more than the shortfall recorded during the same span last year. Receipts and outlays alike were higher than they were last year, but outlays rose […]

HR 244 Omnibus Spending for FY 2017

TheWeekInCongress.com (TM) Week ending May 5, 2017 HR 244 Omnibus Spending for FY 2017 Brief – The bill began as aiming to provide awards from the White House to businesses that hire veterans and was tagged to be the vehicle for the Omnibus spending for fiscal year 2017. Providing $1.6 trillion to fund the government […]