Budget

10:16am

Fri April 26, 2013
The Two-Way

House OKs Bill To End Air Traffic Controllers' Furloughs

The furloughs of air traffic controllers that have slowed air travel in the past week and frustrated thousands of fliers should soon come to an end.

By a vote of 361-41, the House of Representatives just passed legislation that would allow the secretary of transportation to shift up to $253 million in funds so that controllers no longer have to be furloughed to meet the requirements of sequestration (the mandated, across-the-board spending cuts that began taking hold March 1).

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3:10am

Sat April 13, 2013
Politics

What Obama's Tax Proposal Could Cost Him, And Us

Originally published on Sat April 13, 2013 10:50 am

Copies of President Obama's budget plan for fiscal year 2014 are distributed to Senate staff on Capitol Hill on Wednesday.
J. Scott Applewhite AP

President Obama's newly released tax return shows his effective income tax rate was 18.4 percent last year. He'll likely pay a somewhat higher rate in 2013, and that tax bill would be even bigger if Congress were to adopt the recommendations in the president's own budget, unveiled this week.

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1:29am

Fri April 12, 2013
Space

In NASA's Budget: Plans To 'Shrink-Wrap' An Asteroid

Originally published on Fri April 12, 2013 8:55 am

A NASA mission proposed in President Obama's budget would involve capturing an asteroid and pulling it into Earth's orbit for observation.
NASA/Advanced Concepts Laboratory

1:35pm

Thu April 11, 2013
It's All Politics

On Message: Who Wants To Cut Social Security?

Originally published on Thu April 11, 2013 2:09 pm

A sign outside the White House on Tuesday protests part of President Obama's proposed federal budget.
Kevin G. Hall MCT/Landov

The president's $3.77 trillion fiscal 2014 budget plan is expansive. But the part getting the most attention is his proposal to change the way the government calculates inflation using a measure known in economics-speak as chained CPI.

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10:05am

Thu April 11, 2013
The Two-Way

Ryan Says He's 'Cautiously Optimistic' On A Bipartisan Budget Deal

Originally published on Fri April 12, 2013 8:55 am

Wisconsin Rep. Paul Ryan speaks about his new budget plan after a March 19 party conference.
T.J. Kirkpatrick Getty Images

House Budget Committee Chairman Paul Ryan tells NPR that he's "cautiously optimistic" that a budget deal can be reached with the White House.

Speaking to NPR a day after President Obama unveiled a 2014 budget proposal that includes cuts to Social Security and Medicare, as well as tax increases and new investments in education and infrastructure, Ryan said he was encouraged by the broad outlines from the White House.

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