Record-breaking NYC budget reverses controversial cuts
A $112.4 billion budget was agreed to on Friday by New York City mayor Eric Adams and the head of the city council. The agreement included $800 million more in spending than Adams’ most recent proposal in April. The two sides were able to avoid many controversial cuts to libraries, cultural institutions and early childhood […]
$111B NYC budget deal to reverse most of Eric Adams’ proposed cuts
Mayor Eric Adams and City Council Speaker Adrienne Adams reached a handshake deal on Friday on a more than $111 billion budget that would reverse most of the cuts the mayor has pushed through in recent months, sources familiar with the matter told The Washington Post. The two men, who have been at odds over […]
Biden Touts New Budget With Tax Hikes, Critics Push Back
Estimated Reading Time: 3 minutes President Joe Biden released his 2024 budget Thursday [3/9] that includes a trove of tax hikes, quickly sparking pushback from critics. The White House said the budget will cut deficits by nearly $3 trillion over the next decade. Critics argued that despite those cuts, the national debt is still soaring, […]
MTA approves Gov. Hochul’s plan to pause NYC congestion toll, pulling $16.5 billion from agency’s budget
The Metropolitan Transportation Authority voted Wednesday to support New York State Gov. Kathy Hockle’s (D) plan to indefinitely suspend congestion pricing in Manhattan. New York Post report. Earlier this month, Horckle slammed on the brakes. He argued that the MTA’s congestion pricing plan would place an “undue burden” on already stressed New Yorkers. “That would […]
New Jersey Republicans say Democrats are trying to push through budget without giving them time to read it
New Jersey lawmakers advanced a $56.6 billion budget for fiscal 2025, marking a 4.2% increase from the current spending plan. Republicans voted against this fiscal plan, denouncing a lack of transparency. Republican state Sen. Declan O’Scanlon described the state’s spending as a “runaway freight train of expenditures.” GOP lawmakers also mentioned they had limited time […]
Newsom Uses ‘State of the State’ to Attack Republicans; Ignores Budget Woes
In his annual “State of the State” address, California Gov. Gavin Newsom (Democrat) ignored the state’s roughly $50 billion budget deficit and focused instead on attacking his favorite targets: Republicans and conservative media. Newsom rarely talks about his record as California governor, preferring to comment on social issues, where he has consistently taken extreme positions, […]
Biden’s border budget buster – Washington Examiner
The Congressional Budget Office has underestimated Medicaid spending by billions of dollars every year for some time now and a new law that reduced illegal immigration in Florida may explain why. Since 2000, the CBO has underestimated an average of $15 billion a year of Medicaid spending, while often overestimating Social Security and Medicare spending. […]
Biden’s busting budget – Washington Examiner
It has been a while since President Joe Biden claimed his policies have reduced the federal deficit. The contention has always been false to the point of absurdity. But the most recent Congressional Budget Office report on the government’s fiscal health should be the final nail in the coffin for any such argument. The CBO […]
Foreign Aid And Student Loan Forgiveness Behind Massive Increase In Deficit Estimate, Congressional Budget Office Says
America’s debt is growing faster than previously expected, largely due to actions taken by the Biden administration and recent legislation, according to the Congressional Budget Office (CBO). The United States’ projected deficit is $1.9 trillion for the 2024 fiscal year, $400 billion higher than it was projected to be in February, the CBO announced Tuesday. […]
Why is this year's budget request cutting the Space Force?
The Department of Defense has released its fiscal year 2025 budget request, and some are calling for cuts. The Pentagon’s $825 billion request is a 1 percent increase over 2024, with budgets for all but one of the military branches increasing. The Air Force budget and intelligence pass-through both increased by 2 percent, while the […]