Federal Budget

Latest Headlines

Latest Headlines

Grants, missile defense hit hardest in DoD S&T budget request

Overall funding for the Defense Department's science and technology budget would see about a $500 million reduction in the president's fiscal 2015 budget request, with grants and missile defense bearing the brunt of the cut, says a DoD official.

SBA may request $1.5B bump in lending authority

The new head of the Small Business Administration told lawmakers she may return during fiscal 2015 to ask them to raise the lending limit on its flagship loan program.

House committee approves VA spending bill

The House Appropriations Committee passed a bill Wednesday that would fund the Veterans Affairs Department at $64.7 billion and includes new funding to reduce the VA disability claims backlog.

OMB needs budget increase for staffing and increased responsibility

The Office of Management and Budget needs a funding bump in fiscal 2015 because of increased responsibility and low staffing levels, OMB Director Sylvia Mathews Burwell told House appropriators Wednesday. President Obama requested $93.5 million for OMB – a 4.5 percent increase over fiscal 2014 enacted – as well as the addition of 10 new full time employees.

GSA proposal for budget power meets skeptical appropriator

The chairman of the House Appropriations subcommittee responsible for the General Services Administration said Tuesday he was skeptical of the agency's request for authority to reinvest the rent it collects back into building repairs. GSA asked for that power, called zero net budget authority, in  its fiscal 2015 budget proposal. Currently, when GSA collects rent payments, congressional appropriators decide whether or not to reinvest it in public buildings.

Issa embraces Obama postal reform proposal

A House chairman presiding over the committee with main jurisdiction over postal reform endorsed most of President Obama's plan to overhaul the beleaguered agency. House Oversight and Government Affairs Committee Chairman Darrell Issa (R-Calif.), who has long been pushing his own version of postal reform, said he would "embrace to the greatest extent possible" Obama's plan for the USPS.

Hastings criticizes DOI for not cutting spending in budget request

House Natural Resources members criticized President Obama's budget request for the Interior Department for not prioritizing programs or making spending reductions.

Senate panel supports DOJ budget request

Senate appropriators supported President Obama's Justice Department topline budget request for next fiscal year, saying efforts to reduce the federal prison population and cracking down on drug trade must continue with the appropriate funding.

House committee proposes $64.7 billion for VA appropriations

House appropriators want to boost Veterans Affairs Department funding by just more than a billion dollars next fiscal year but fund it below the White House request.

House appropriators appear receptive to SBA proposed fiscal 2015 budget

A House appropriators showed no apparent opposition to President Obama's fiscal 2015 Small Business Administration budget request of almost $865 million.