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federal budget

Pile of Money (Ingram Publishing, ThinkStock)
(Ingram Publishing/ ThinkStock)
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US budget deficit running lower this year than in 2015

The federal government recorded a budget deficit in January only slightly larger than a year ago. For the first five months of this budget year, the deficit is running below the pace set last year.

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Barack Obama
In this Jan. 20, 2016, file photo, President Barack Obama speaks at the United Auto Workers-General Motors Center for Human Resources in Detroit. (AP Photo/Paul Sancya, File)
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Obama unveils record $4.1 trillion election-year budget

President Barack Obama on Tuesday unveiled a record $4.1 trillion, election-year budget that finances Democratic priorities like education, health care and climate change with new taxes on crude oil, the wealthy and big banks.

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Senate Majority Leader Mitch McConnell of Ky., center, at a press conference last November. (AP Photo/Carolyn Kaster)
Senate Majority Leader Mitch McConnell of Ky., center, at a press conference last November. (AP Photo/Carolyn Kaster)
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Obamacare, safety net programs targeted in House GOP budget

WASHINGTON (AP) -- Republicans are using their new congressional majorities to push strikingly conservative budgets through the House and Senate, aiming to eliminate deficits by overturning President Barack Obama's health care law and slashing safety net programs for the poor.

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The proposed $4 trillion budget plan is distributed by the Senate Budget Committee on Capitol Hill in Washington.  (AP Photo/J. Scott Applewhite)
The proposed $4 trillion budget plan is distributed by the Senate Budget Committee on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite)
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How Obama would spend $4 trillion in 2016, agency by agency

WASHINGTON (AP) -- Sure, $4 trillion sounds like a lot. But it goes fast when your budget stretches from aging highways to medical care to space travel and more. Here's an agency-by-agency look at how President Barack Obama would spend Americans' money in the 2016 budget year beginning Oct. 1:

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President Barack Obama during an event in the East Room of the White House in Washington Jan. 30 (AP Photo/Carolyn Kaster, File)
President Barack Obama during an event in the East Room of the White House in Washington Jan. 30 (AP Photo/Carolyn Kaster, File)
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5 things to know about President Obama’s proposed budget

Highlights* of proposals in the $4 trillion budget for 2016 that President Barack Obama sends to Congress on Monday:

  • A six-year, $478 billion public works program for highway, bridge and transit upgrades
  • ...

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Roadways under construction in Fairfax County, Va. in 2012. (AP photo)
Roadways under construction in Fairfax County, Va. in 2012. (AP photo)
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Obama proposing $478 billion public works program in budget

WASHINGTON (AP) -- The $4 trillion budget that President Barack Obama sends Congress on Monday proposes higher taxes on wealthier Americans and corporations, and an ambitious $478 billion public works program for highway, bridge and transit upgrades.

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Sen. Elizabeth Warren, D-Mass., a member of the Senate Banking Committee, right, and Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee.  (AP Photo/J. Scott Applewhite)
Sen. Elizabeth Warren, D-Mass., a member of the Senate Banking Committee, right, and Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee. (AP Photo/J. Scott Applewhite)
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House GOP confident of finishing spending measure

WASHINGTON (AP) -- House Republicans pressed ahead with a $1.1 trillion government-wide spending bill Thursday despite genuine anger among Democrats whose votes they need for passage, and lingering opposition from tea party Republicans who see more in the measure to dislike than like.

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President Barack Obama gives a high-five to nine-year-old Alajah Lane of Washington at the White House Wednesday. (AP Photo/Jacquelyn Martin)
President Barack Obama gives a high-five to nine-year-old Alajah Lane of Washington at the White House Wednesday. (AP Photo/Jacquelyn Martin)
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Obama announces $1B for early childhood education

WASHINGTON (AP) -- Declaring early childhood education "one of the best investments we can make," President Barack Obama on Wednesday followed up on a promise to expand early education opportunities for tens of thousands of children by announcing $1 billion in public-private spending on programs for young learners.

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House Appropriations Committee Chairman Rep. Hal Rogers, R-Ky. walks on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)
House Appropriations Committee Chairman Rep. Hal Rogers, R-Ky. walks on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)
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Mixed reviews greet $1.1 trillion federal spending bill

WASHINGTON (AP) -- A huge, $1.1 trillion spending bill funding every corner of government opened to mixed reviews Wednesday, with conservatives unhappy that it fails to challenge President Barack Obama's immigration policy while many Democrats are displeased because it weakens the 2010 Dodd-Frank regulation of risky financial instruments.

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President Barack Obama's FY2015 budget proposal is given out at the Senate Budget Committee on Capitol Hill
President Barack Obama's FY2015 budget proposal is given out at the Senate Budget Committee on Capitol Hill (Mark Wilson/Getty Images)
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Obama 2015 Budget Focuses on Boosting Economy

President Barack Obama sent Congress a $3.9 trillion budget Tuesday that would funnel money into road building, education and other economy-bolstering programs, handing Democrats a playbook for their election-year themes of creating jobs and narrowing the income gap between rich and poor.

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