Collaborating Authors

The Latest: Trump's New Budget Already Outdated

U.S. News

The president's proposed fiscal blueprint was completed before the budget pact delivered a two-year, almost $300 billion increase above prior "caps" on spending. That separate agreement drives a stake into White House promises last year to take a meat ax to domestic agencies and eventually bring the budget back into the black.

Trump announces 'real compromise' on budget deal, as fiscal hawks and some Dems cry foul

FOX News

Trump says compromise agreement is'big victory' for U.S. military and veterans; chief congressional correspondent Mike Emanuel reports from Washington. The Trump administration and congressional leaders, including Democrats, have reached a critical debt and budget agreement that all but eliminates the risk of another government shut down this fall -- but that has already drawn fierce blowback from fiscal conservatives worried about overspending, as well as progressives unhappy with where the money could go. The deal, which requires congressional approval, would increase spending caps by $320 billion relative to the limits prescribed in the 2011 Budget Control Act, whose spending-control provisions have been repeatedly waived since 2014. It would also suspend the debt ceiling and permit more government borrowing until July 31, 2021 -- after the next presidential election. The compromise reportedly outraged Vermont Sen. Patrick J. Leahy, the ranking member of the Senate Appropriations Committee, who noted that the bill would not block Trump from spending money on his proposed border wall.

Trump said to seek $716 billion for defense in 2019 budget

The Japan Times

WASHINGTON – U.S. President Donald Trump will propose increasing total defense spending to $716 billion in fiscal 2019 in his budget request expected to be released in February, a U.S. official said, backing the Pentagon's push for a major buildup.

House passes $1.2 trillion spending bill

PBS NewsHour

WASHINGTON -- The Republican-led House on Thursday passed a sweeping $1.2 trillion spending bill that provides billions more dollars for the military while sparing medical research and popular community development programs from deep cuts sought by President Donald Trump. The vote was 211-198 for the massive measure that wrapped the 12 annual spending bills into one in advance of the end of the budget year on Sept. 30. Even though the Senate still must act, the government will keep operating through Dec. 8, thanks to legislation Congress passed last week and sent to Trump. House members spent the past two weeks debating the measure's $500 billion for domestic agencies. GOP leaders then merged that domestic spending package with an earlier House measure that would give record budget increases to the Pentagon and provide a $1.6 billion down payment for Trump's wall along the U.S.-Mexico border that he repeatedly has insisted Mexico would finance.

Q&A: Cautious Optimism, Doubt About Ending Budget Impasse

U.S. News

A: Sagging state revenues, slow economic and job growth, a court ruling that determined Connecticut's education funding system is unconstitutional and a General Assembly with the closest partisan make-up in recent history are among the host of reasons why the state still does not have a budget in place. It grew from $1.7 billion in the first year of the two-year budget to $2.3 billion, and to $2.7 billion in the second year.