February 1, 2002 |
To make up an estimated $1.3-billion shortage for a popular college tuition grant program, the Bush administration is proposing to cut funding for hundreds of local education and community projects that lawmakers singled out for federal aid late last year.
January 24, 2002 |
President Bush said Wednesday that he will ask Congress for a $48-billion defense budget increase next year to help pay for the war on terrorism, futuristic weapon systems and a military pay raise. "We will invest in more precision weapons, in missile defenses, in unmanned vehicles, in high-tech equipment for soldiers on the ground," the president said in a speech to military reserve officers.
December 8, 2001 |
The post-Sept. 11 truce is over for President Bush's signature domestic achievement: the sweeping tax cut he pushed into law last spring. After weeks of deferential restraint, leading congressional Democrats have renewed efforts to blame the $1.35-trillion tax cut for the slow economy and the disappearing federal budget surplus--an opening salvo in what party strategists say will be a sustained political offensive through the 2002 election.
October 17, 2001 |
The Bush administration is trying to staunch the flood of tax-cut and spending plans in response to the September terror attacks, fearful that they could overwhelm the budget, damage the economy and saddle President Bush with a big-government legacy. The latest effort came Tuesday when administration budget director Mitchell E.
October 10, 2001 |
Under pressure to avert a severe recession after last month's terrorist attacks, Congress is about to make decisions that could shape the nation's budget and economy long after the bombs stop dropping on Kabul. The tax cuts and spending increases being considered in Congress will almost certainly plunge the government back into deficit spending for the first time in five years.
September 8, 2001 |
The Bush administration warned House GOP leaders Friday that tumbling revenues might force the government to spend up to $15 billion of the Social Security surplus this year, congressional sources said, signaling that the budget outlook has worsened far more swiftly than the White House has previously acknowledged. The disclosure by White House Budget Director Mitchell E. Daniels Jr. prompted a scramble among Republican lawmakers to find a way to avoid taking that politically hazardous step.