Category Archives: Budget

Budget

U.S. Senate To Vote On Spending Bill –

The United States Senate is expected to vote on a spending bill this Friday.  The deadline to avoid a partial shutdown of the Federal government is October 1st.  The measure supported by the Democratic controlled Senate is expected to be almost … Continue reading

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State Of The Union 2013 –

The 2013 State of the Union was delivered on February 12th, 2013 at 9 pm.  The White House site provides the State of the Union Address and outlines for the economic plan.  The State of the Union Address lasted slightly more … Continue reading

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Republican John Boehner Remains Speaker –

Republican Congressman John Boehner received 220 votes and was re-elected as Speaker of the House of Representatives.  Republicans have the majority in the House with 233 Congressional representatives.  The Democrats have 200 representatives and there are 2 vacancies.  Boehner needed to clear … Continue reading

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Fiscal Cliffhanger –

Republicans and Democrats are expected to return on New Year’s Eve to continue negotiations.  Republican Senator Lindsey Graham was upbeat about the chances of reaching an agreement before January 1st.  The Senate agreement may include tax increases for couples earning more than … Continue reading

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Consumer Confidence Falls –

Consumer confidence continued to fall as the nation gets closer to the deadline for the fiscal cliff.  The twelve month outlook and expectations of consumers also fell sharply in recent surveys.  Currently, Republicans and Democrats are far apart in negotiations relating to … Continue reading

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First Presidential Debate –

The first of three Presidential debates takes place tonight in Denver Colorado with Jim Lehrer as the moderator.  Mitt Romney is looking for a strong performance in the debate which might improve poll numbers.  Currently, polls indicate that Romney is … Continue reading

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Spanish & Italian Yields Rise –

Yields on 10 year government bonds from Spain rose above the 7% mark in trading on Monday.  Italian bond yields also increased and rose above 6%.  Italy is expected to sell three year bonds later in the week.  The rise in Spanish and … Continue reading

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Congressional Quarterly Roll Call –

CQ Roll Call has an Executive Briefing series that covers Banking & Finance, Defense, Energy, Transportation, and Technology.  CQ Roll Call also offers legislative tracking and advocacy tools.  CQ Weekly and CQ Today cover the legislative process as well as the House … Continue reading

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Greece Downgraded –

Fitch Ratings downgraded Greece one notch from B- to CCC.  A lower grade would place Greece in default.  The Greece downgrade was partially due to the risks associated with a possible exit from the European Union.  Greek elections are expected to be held … Continue reading

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Hollande Wins French Presidency –

Francois Hollande won the French Presidential election on Sunday.  Hollande defeated Nicolas Sarkozy and became the first Socialist candidate to win the Presidency since 1985.  Francois Mitterand was the last Socialist French President from 1981-1995.  Hollande is expected to raise … Continue reading

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S & P Cuts Spain Rating –

Standard & Poor’s cut the credit rating for Spain to BBB+ from A.  The two notch downgrade came with a negative outlook and a cut to the gross domestic product growth forecast.  Standard & Poor’s has a projected forecast of a 1.5% … Continue reading

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Congress Passes Stopgap Transportation Bill –

Congress passed a stopgap 90 day bill that will provide funds for Federal highway projects.  The measure passed the House on Thursday with 266 votes supporting the bill.  The U.S. Senate passed the bill with a voice vote.  The President … Continue reading

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Congress Passes Payroll Tax Cut –

Congress passed a measure to extend the payroll tax cut for the remainder of 2012.  The measure passed the House 293-132 and the Senate 60 -36.  In the Senate, 14 Republicans voted for the measure and 5 Democrats and 1 Independent … Continue reading

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Payroll Tax Floor Vote –

The House and Senate could vote on the payroll tax deal as early as Friday.  Four Democratic Senators and all 13 House Representatives at the payroll tax conference signed the agreement.  Republic Senators did not sign the agreement but that should not … Continue reading

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Republicans Propose Payroll Tax Cut Extension –

Republican leaders in the House are supporting the extension of the payroll tax cut without reductions in spending.  This clears a major hurdle in negotiations to extend the payroll tax cut which applies to 160 million workers.  The payroll tax … Continue reading

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