Tag

Budget Request

All articles tagged with #budget request

politics1 year ago•3 min saved

"Biden's Budget Proposal Sparks Partisan Debate Over Taxation and Spending"

Senate Republicans criticize President Biden's $7.3 trillion 2025 budget request as a "liberal wish list" and "reckless," slamming the plan to raise taxes and increase spending. They argue that the budget will fuel inflation and add to the national debt, while Democrats support it as a path to economic growth and future investments. The Senate Budget Committee will question the budget director, Shalanda Young, on Tuesday, as Congress works to fund the government for the 2024 fiscal year.

via Fox News|

#biden #budget-request #national-debt

military-budget-and-personnel-changes1 year ago•3 min saved

"Pentagon's 2025 Budget Proposal: Pay Raises, Troop Shifts, and Spending Uncertainty"

The Defense Department's fiscal year 2025 budget request includes a 4.5% pay raise for military personnel and a shift of troops from the active component to the reserve component. The request seeks to decrease active duty Army and Navy personnel while increasing positions in the Reserve and National Guard. Additionally, the budget includes funding for personnel initiatives such as sexual assault prevention and response, suicide prevention programs, diversity and inclusion efforts, and addressing insider threats. The Pentagon emphasizes the need for predictable and sustained funding from Congress to support these initiatives.

via Military Times|

#budget-request #defense-department #military-budget-and-personnel-changes

politics2 years ago•1 min saved

Biden's Border Security Budget Request Sparks Controversy and Calls for Expansion

President Biden will request $14 billion for border security as part of his "urgent budget request" to fund US national security needs. While Biden did not mention the southern border in his address, media outlets have reported that funding for border protection is included in his $105 billion ask to Congress. Some lawmakers express concerns about how the funds will be used, with one senator emphasizing the need to secure the border rather than facilitate travel. Another senator argues that additional appropriations should cover soft costs related to overseeing the US-Mexico boundary line. The number of people entering the US through its borders has increased since Biden took office, with nearly half entering illegally and going undetected.

via New York Post |

#biden #border-security #budget-request

cryptocurrency-regulation2 years ago•1 min saved

SEC Chair Gensler Highlights Crypto Risks and Ripple Ruling Impact in Budget Request

SEC Chair Gary Gensler has requested over $2.4 billion for the commission's 2024 fiscal budget, citing the need for additional resources to address misconduct in the crypto space. Gensler referred to the "Wild West of the crypto markets" and the prevalence of noncompliance as reasons for the budgetary request. He expressed the intention to increase the number of full-time positions at the SEC and highlighted the impact of rapid technological innovation on misconduct in the crypto industry. Gensler's remarks came after a recent ruling in the SEC v. Ripple lawsuit, indicating that his stance on regulation by enforcement may not have changed.

via Cointelegraph|

#budget-request #crypto-markets #cryptocurrency-regulation