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 …
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 …
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” …
