President Barack Obama’s $3.9 trillion budget proposal would benefit low-income families, college students, researchers and highway users, setting the tone for Democratic priorities in an election year.
President Barack Obama’s budget plan moves the spotlight away from reducing U.S. deficits and instead seeks new spending to energize the Democratic base and give incumbents a job-creation platform for November’s midterm elections.
The International Monetary Fund will push the new Serb government to cut budget spending more before starting talks with the Balkan country on a new precautionary loan, a top Finance Ministry official said.
The tax break for some investors in the $3.7 trillion municipal bond market would be curbed under changes proposed by the top House tax writer, a shift that may diminish the appeal of buying local-government debt.
Lawmakers in Congress and President Barack Obama’s administration are losing momentum to control the U.S. deficit, Representative Frank Wolf said a week before the president will unveil his annual budget proposal.
Senator Ron Wyden, an Oregon Democrat, said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that one his priorities as the new chairman of the Senate Finance Committee will be renew about 50 U.S. tax credits and deductions that expired as last year ended.