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In wake of Boston attack, King cautions against cuts to local law enforcement
April 15th, 2013
08:59 PM ET
64 days ago

In wake of Boston attack, King cautions against cuts to local law enforcement

(CNN) – A top House Republican influential on homeland security matters said cutting federal spending for local law enforcement can have serious consequences for fighting terrorism.

"We have to be aggressive and never let our guard down," Rep. Peter King told CNN, hours after bombings at Monday's Boston Marathon killed three people and sent more than 130 people to hospitals.
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Filed under: Budget • Peter King
Obama budget slammed in GOP address
April 13th, 2013
06:00 AM ET
67 days ago

Obama budget slammed in GOP address

(CNN) – The budget unveiled this week by President Barack Obama, characterized by the White House as a compromise package, was dismissed Saturday in the weekly GOP address for its tax increases on wealthy Americans.

"If we were to implement the president's budget, taxes would go up on just about every American, including middle-class families," Rep. Jackie Walorski, R-Indiana, said in the address, adding Obama's budget "isn't what compromise looks like."
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Filed under: Budget • President Obama
Obama budget adds domestic same-sex partners to Obamacare
April 10th, 2013
06:16 PM ET
69 days ago

Obama budget adds domestic same-sex partners to Obamacare

Washington (CNN) – Buried deep inside President Obama's 2014 budget released on Wednesday is a new proposal to expand federal health insurance benefits to same-sex domestic partners.

Framed as a measure to reduce the deficit, the proposal would amend the Federal Employee Health Benefits Program beginning in 2015 to add a "self plus one" enrollment option in addition to the "self" and "family" options. Like the Domestic Partnership Benefits and Obligations Act that the administration has endorsed in prior budgets, this new FEHB formulation would work within the current legal constraints of the Defense of Marriage Act by adding a new classification for additional enrollees beyond family.
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Filed under: Budget • President Obama
Breaking: Obama makes budget pitch
April 10th, 2013
11:15 AM ET
70 days ago

Breaking: Obama makes budget pitch

(CNN) - President Barack Obama said Wednesday his budget proposal for 2014 is a "fiscally responsible blueprint for middle class jobs and growth."

He said the budget is an answer to a debate that he says is waged yearly in Washington between those who want to "reduce deficits at all costs" and those who want to invest in programs that create jobs. With this budget, Obama said, "we can grow the economy and shrink our deficits."


Filed under: Budget • President Obama
What's in Obama's budget
April 10th, 2013
07:41 AM ET
70 days ago

What's in Obama's budget

New York (CNNMoney) – President Obama on Wednesday will propose a $3.77 trillion budget for 2014 that would cut deficits by $1.8 trillion over the next decade, according to senior administration officials.

Obama's budget blueprint - which has already drawn criticism from the left and the right - will offer changes to Medicare and Social Security. It will also include tax increases that would primarily hit high-income households and corporations.

FULL STORY

Filed under: Budget • President Obama
Seniors would see smaller Social Security checks under Obama budget
April 10th, 2013
07:39 AM ET
70 days ago

Seniors would see smaller Social Security checks under Obama budget

New York (CNNMoney) – Senior citizens would see their Social Security checks shrink under President Obama's latest budget proposal.

The budget plan, being released Wednesday, calls for changing the way the annual cost of living adjustments for Social Security and other federal programs are calculated. Shifting to "chained CPI" from the current inflation measure could reduce the federal debt by $230 billion, but it would also mean that seniors would get smaller increases in their Social Security payments each year.

FULL STORY

Filed under: Budget • President Obama • Social Security
CNN Poll: You're feeling the forced spending cuts
April 9th, 2013
04:00 PM ET
71 days ago

CNN Poll: You're feeling the forced spending cuts

Washington (CNN) - It looks like the effects of the forced spending cuts are starting to kick in with Americans, according to a new national poll.

And a CNN/ORC International survey released Tuesday also indicates that the cuts, known inside the Beltway as the sequester, appear to be mostly affecting lower-income Americans.
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Filed under: Budget • CNN/ORC International poll
Obama adviser: President won't propose 'Romney economic plan'
April 7th, 2013
03:11 PM ET
72 days ago

Obama adviser: President won't propose 'Romney economic plan'

(CNN) - If the White House and Congress ultimately reach a deal on a budget, it won't look anything like Mitt Romney's plan, according to White House senior adviser Dan Pfeiffer.

"What this president will not do is come in - right after getting re-elected - and enact the Romney economic plan, which is what the Republicans in the House are proposing," Pfeiffer said Sunday on ABC's "This Week."
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Filed under: Budget • President Obama
Obama Cabinet: Who's taking a pay cut?
April 6th, 2013
10:56 AM ET
73 days ago

Obama Cabinet: Who's taking a pay cut?

(CNN) – News that President Barack Obama and Defense Secretary Chuck Hagel are voluntarily surrendering a portion of their paychecks in a show of unity with furloughed federal workers has prompted other Cabinet officials to take similar steps.

The pay cuts come a month after mandatory across-the-board spending cuts went into effect after the White House and lawmakers couldn't agree on a deal to cut the federal deficit. As a result, some federal workers will endure forced days off, which means lower pay.
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Filed under: Budget
Obama touts budget with 'balanced approach'
April 6th, 2013
06:00 AM ET
74 days ago

Obama touts budget with 'balanced approach'

(CNN) – President Barack Obama pitched his forthcoming budget in his weekly address on Saturday, calling it "a fiscally-responsible blueprint for middle-class jobs and growth."

Republicans have hammered him for being late - his budget is due to Congress by February. But it's hard to believe that would have increased its chances for passage, considering the steep divide between Republicans and Democrats on spending, taxes and deficit reduction.
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Filed under: Budget • John Boehner • President Obama
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