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Budget Agreement

All articles tagged with #budget agreement

politics1 year ago

"Maryland Legislators Reach Budget Agreement with Tobacco Tax and Fee Increases"

The Maryland House and Senate have reportedly reached a budget agreement, aiming to restore funding for immediate transportation needs and invest in education, following a $1.2 billion revenue package proposed by the House. Efforts to pass the $63 billion spending plan had stalled over disagreements on tax increases and gaming expansion, but details of the agreement are expected to be released in a news conference with House and Senate leaders, with Gov. Wes Moore also expected to address the compromise.

via Maryland Matters|
#budget-agreement#education#general-assembly
politics2 years ago

"Conservative Backlash: Senate GOP Pushes for Better Budget Agreement to Avoid Government Shutdown"

Senate GOP lawmakers are criticizing the $1.66 trillion budget agreement between House Speaker Mike Johnson and Senate Majority Leader Chuck Schumer, arguing that it neglects Republican suggestions for budget cuts and exceeds promised spending levels. With looming deadlines to fund federal agencies and avert a government shutdown, GOP senators are pushing for better fiscal responsibility and expressing concerns about the budget's impact on national debt and inflation. Despite potential opposition, the budget is expected to reach the 60 votes needed to pass, with negotiations ongoing to address conservative policy additions and potential confrontations.

via Fox News|
#budget-agreement#chuck-schumer#fiscal-responsibility
politics2 years ago

The High Stakes of the Debt Limit Law in the 2024 Election.

The newly enacted debt ceiling law suspends the debt limit until Jan. 1, 2025, with an additional few months for the Treasury Department to use “extraordinary measures” to pay the bills. The party that controls Congress and the White House will set the agenda on consequential issues that will shape the next decade of tax, spending and health care policy in the first year of the new term. The new debt limit law also includes a two-year budget agreement that expires in 2025. Enhanced Obamacare subsidies and major parts of the 2017 Republican tax cuts named for former President Donald Trump will likewise expire at the end of 2025.

via NBC News|
#2024-election#budget-agreement#debt-ceiling
politics2 years ago

Biden's Debt Ceiling Deal: Crisis Averted and Conservative Victory Achieved.

President Joe Biden celebrated the passing of a bipartisan budget agreement that eliminates the potential for an unprecedented government default, which he said would have been catastrophic for the U.S. and global economies. The agreement was hashed out by Biden and House Speaker Kevin McCarthy, giving Republicans some of their demanded federal spending cuts but holding the line on major Democratic priorities. It raises the debt limit until 2025 and gives legislators budget targets for the next two years, in hopes of assuring fiscal stability as the political season heats up.

via The Associated Press|
#biden#bipartisan#budget-agreement
healthcare2 years ago

Minnesota expands healthcare access for undocumented residents.

Minnesota is set to allow all undocumented residents to enroll in the state's publicly subsidized insurance program for low-income people, known as MinnesotaCare, under a budget agreement. The proposal will expand public health insurance access to the more than 40,000 undocumented people estimated to live in Minnesota and meet the program's income requirements. The state aims to begin enrolling undocumented residents in 2025. If passed, Minnesota could be the second state to allow all low-income people to enroll in public insurance, regardless of immigration status.

via Minnesota Reformer|
#budget-agreement#healthcare#healthcare-access