January 26, 2015
Receive Budget Alerts
For Email Marketing you can trust
 A Publication of The Federal Budget Group LLC, Charles S. Konigsberg, President

U.S. Economy: Real Time Numbers

Monetary Policy and the Federal Reserve:


Government Shutdown:

President's FY 2014 Budget:

Congressional Budget Resolution (FY 2014):

  • Senate: On March 23, 2013, Senate narrowly adopted S.Con.Res. 8, the Senate version of the FY 2014 budget resolution on a narrow 50-49 vote, with four Democrats in tough re-election campaigns (Baucus-MT, Begich-AK, Hagan-NC, and Pryor-AR) joining all Republicans in opposing the budget plan, which calls for a combination of revenue increases and spending cuts to reduce deficits by $1.85 trillion over 10 years. $975 billion in spending cuts over the next decade would include $493 billion in domestic spending reductions, more than half from health care spending; and $240 billion in defense cuts. These reductions would replace the automatic across-the-board sequestration cuts; and raises $975 billion in revenues from "closing loopholes...that benefit the wealthiest Americans and biggest corporations." The plan rejects the House proposals to reform the Medicare program, repeal Obamacare, and block grant Medicaid. Chairwoman Murray's statement upon passage of the budget plan Summary of the Senate's budget plan

    March 14, 2013: Senate Budget Committee adopts budget plan for FY 2014 on a party line vote. Senate Democratic summary Senate Republican amendments

    Jan. 24, 2013: Senator Murray releases a "memo laying out the state of play as we enter this critical period and begin working in the Budget Committee to write a budget resolution."

  • House: On March 21, 2013, House adopted H.Con.Res. 25, the FY 2014 budget resolution, although the spending framework -- which requires Senate concurrence -- is vastly different from the Senate Democratic plan. The vote was party line except for 10 GOP "no" votes. The plan would repeal the scheduled FY 2014 sequester cuts to the defense budget and shift them to non-defense discretionary programs. This would constitute a third major round of cuts in non-defense discretionary programs -- the first imposed by the 2011 Budget Control Act in the form of annual spending caps through 2021; the second imposed by budget sequestration, which automatically cuts $109 billion per year in each year through 2021; and the third imposed by shifting the FY 2014 defense sequester to non-defense programs. The budget plan also calls for repeal of the Affordable Care Act and tax reform. House Republican summary

    March 13, 2013: House Budget Committee adopts a budget plan for FY 2014 on a party line vote. House Republican summary House Democratic alternative.

Other Budget Links:

Legislative Branch:

Executive Branch:

Nonpartisan Budget Think Tanks:

States, Counties and Cities:

Political News:


Back to top