WASHINGTON (AP) — The budget deal between congressional leaders and President Barack Obama, aimed at heading off a government shutdown and debt crisis, faces its first hurdle Tuesday when it goes before restive House Republicans, including rebellious arch-conservatives. The two-year pact, which would take those volatile fiscal issues off the table until after the 2016 … Continue reading
Tag Archives: budget
Treasury warns Congress: Debt limit deadline now Nov. 3
WASHINGTON (AP) — The Treasury Department on Thursday told Congress that it needs to act by Nov. 3 or the government will be dangerously close to being unable to pay all its bills. That’s a little sooner than Treasury Secretary Jacob Lew said two weeks ago when he set a Nov. 5 deadline. At the … Continue reading
Obama, Democratic leaders huddle as shutdown threat looms
WASHINGTON (AP) — The Democratic leaders of the House and Senate plan to huddle with President Barack Obama on Thursday to discuss strategy as Congress prepares for some momentous decisions on how best to keep the federal government operating. A partial shutdown will occur Oct. 1 unless lawmakers provide money to keep the federal government … Continue reading
Obama using business CEOs meeting to apply budget pressure
WASHINGTON (AP) — President Barack Obama urged Congress on Wednesday to avoid another contentious budget showdown and warned that the economy would surely take a hit if the government shuts down again. Obama blamed Republicans for the shutdown two years ago and made clear he would so again if it comes to that. “You’ll recall … Continue reading
Virginia Tech board approves $1.4 billion budget
BLACKSBURG, Va. (AP) — The Virginia Tech Board of Visitors has approved a $1.4 billion budget for the upcoming school year. The Roanoke Times (http://bit.ly/1M4UO4H) reports the board voted 13-0 Monday afternoon on the budget, which includes a pool of funds for merit-based faculty and administrator salary increases and staff raises mandated by the General … Continue reading
The frustrations of allied warfare_ al-Qaida-style
WASHINGTON (AP) — If President Barack Obama or his predecessor thought fighting a war with coalition partners was hard, they might consider Osama bin Laden’s frustrations. Among documents gathered from his compound in Pakistan after U.S. Navy SEALs stormed the building and shot him to death is a lengthy complaint by the al-Qaida leader about working with … Continue reading
Compromise GOP budget hikes war funds, targets ‘Obamacare’
WASHINGTON (AP) — House and Senate GOP negotiators neared agreement Monday on a budget blueprint that would enable Republicans controlling Congress to more easily target President Barack Obama’s signature health care law while delivering an almost $40 billion budget boost to the Pentagon. The emerging plan relies on deep cuts to domestic agency budgets and … Continue reading
Think tank: Some NATO countries cutting defense spending
BRUSSELS (AP) — Despite stern talk and solemn pledges from NATO, a British-based think tank says some alliance member nations are cutting their spending on defense. In a report released Thursday, the European Leadership Network said Britain, Bulgaria,Canada, Germany, Hungary and Italy are all on track to reduce military expenditures in 2015. In France, … Continue reading
Spring break on a budget
by Shareen Nicholson Spring break is right around the corner for many colleges, but with travel expenses rising many students may not be able to afford an enjoyable break because they’re surviving on a budget, but that doesn’t mean they have to stay local for spring break this year. “While blowing a ton of … Continue reading
Editorial: A blueprint for middle-class economics
by President Barack Obama America’s resurgence is real. With a growing economy, shrinking deficits, bustling industry, and booming energy production, we have risen from recession freer to write our own future than any other nation on Earth. Now we have to choose what we want that future to look like. Will we accept an economy … Continue reading