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  • FY 2013 budget

    Fiscal Cliff Danger: More Defense Budget Cuts to Come

    Rumors are swirling that included in their negotiations to avert the “fiscal cliff,” President Obama and House Speaker John Boehner (R–OH) may add an additional $100 billion in cuts as an alternative to the roughly $500 billion in defense budget cuts over nine years required by sequestration under the Budget … More

    Education Secretary’s National Press Club Speech: Falsehoods

    On Tuesday, Education Secretary Arne Duncan delivered a back-to-school speech of sorts at the National Press Club in Washington. During the question and answer period, an audience member asked Secretary Duncan: “What would be the biggest difference between a Romney and Obama administration on education?” Duncan responded: I think the … More

    FY 2013 Appropriations Tracker

    Both the House and the Senate are proceeding with appropriations, the annual spending measures due by the start of the new fiscal year on October 1. Appropriations, which make up about one-third of the federal budget, are “discretionary” spending, meaning they require annual legislative approval. By contrast, mandatory or “direct” … More

    Morning Bell: Obama's Hidden Tax Hikes

    EXCLUSIVE: It could be said that President Obama has never seen a tax hike he doesn’t like — whether it’s letting the 2001 and 2003 tax cuts expire, insisting on higher taxes for job creators, and yesterday calling on Congress to raise taxes on the oil industry. But as much as the … More