Biden $6 Trillion Federal Budget Fueled by Higher Taxes
President Joe Biden issued his first full budget proposal May 28, detailing his ambitions to dramatically expand the size and scope of the federal government with more than $6 trillion in spending over the coming fiscal year.
Trump Budget Targets Loan Program That Could Help Lordstown Plant
The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio.
Fiscal 2021 Budget Proposal Offers Increase for Two FMCSA Programs
Programs managed by federal trucking regulators would see a funding boost under a fiscal 2021 budget request the Trump White House sent to Congress on Feb. 10.
Trump’s $4.8 Trillion Budget Proposal Revisits Rejected Cuts, Addresses Infrastructure
President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs like food stamps and Medicaid to promise a balanced budget in 15 years — all while boosting the military and leaving Social Security and Medicare benefits untouched.
Budget Gap Widens to $747 Billion in Nine Months Through June
The U.S. budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising spending eclipsed a small bump in revenue from the Trump administration’s tariffs.
Trump’s FMCSA Budget Request Higher Than Enacted Levels
President Donald Trump’s fiscal 2020 budget request proposes increasing funding for federal trucking regulators. Overall, the U.S. Department of Transportation would see a decrease.
Domestic Discretionary Spending Slashed in Trump’s $4.7 Trillion Budget Proposal
President Donald Trump will propose a U.S. budget that wouldn’t balance for 15 years, even assuming stronger economic growth than private forecasters expect and with deep domestic spending cuts that have little chance of passing Congress.
Trade Gap of $621 Billion in 2018 Marked Highest in Decade
The U.S. trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports.
Budget Deficit in Trump’s First Fiscal Year Highest Since 2012
The U.S. budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012 amid tax cuts and spending increases.
Colorado Transportation Officials Search for Bipartisan Solution to Transportation Woes
WINDSOR, Colo. — Investing in Colorado's transportation infrastructure, specifically along the Front Range, is necessary to accommodate the high volume of people moving into the area due to the vast economic growth, regional transportation experts say.