The White House Office of Management and Budget (OMB) in the now-released President’s Budget is projecting just 0.6 percent in inflation-adjusted real growth of the U.S. economy in 2023 as the unemployment rate is expected to rise to 4.3 percent in 2023 and peak at 4.6 percent in 2024 after the economy is finished overheating from the continued, elevated inflation, consumers max out on credit and spending falls off a cliff.Read More
Tag: Office of Management and Budget
Wisconsin Congressman Gallagher Reintroduces Bipartisan Bill Targeting Over-budget, Behind-Schedule Projects
U.S. Representatives Mike Gallagher (R-WI-8) and Katie Porter (D-CA-47) are pushing for passage of their reintroduced Billion Dollar Boondoggle Act, a bill to publicize which federal projects are dramatically over budget or behind schedule.
The measure instructs the Director of the Office of Management and Budget (OMB) to generate an annual report on all projects that run at least $1 billion over initially authorized expenses or whose completion takes at least five years longer than originally scheduled.Read More
Biden Budget Proposal Includes $83.7 Million for Norfolk Harbor Widening and Deepening Project
Virginia’s Chesapeake Bay-area U.S. representatives and senators are highlighting $83.7 million for the Norfolk Harbor widening and deepening project in President Biden’s recently unveiled $6 trillion budget proposal. The budget provision is a response to a letter Virginia’s congressional and senate delegation sent to Biden in March requesting the funds.Read More
Commentary: At Less Than 100 Days in, the Wheels Are Already Falling Off Biden’s Cart
President Joseph R. Biden Jr., has not yet completed his first 100 Days and the wheels are already falling off the cart–but, not for the obvious reasons.
Biden may not realize it for months, but already in Washington, there is a recognition that the president will get nothing done in 2021 and 2022 is not looking good either.Read More
Trump-Friendly Groups Ready to Take on Big Tech
A trio of pro-Trump groups are ready to wage a massive battle against Silicon Valley titans of industry after the former president was drummed off social media prior to leaving office.
“The Center for American Restoration, the new organization stood up by former Trump administration official Russ Vought, is leading a coalition of groups calling for a ‘proliferation of legislative activity’ to reform Big Tech,” Axios reported.Read More
GOP Reps: OMB Witness Saturday Blew Another Big Hole in Dems’ Impeachment Fairy Tale
In closed-door testimony Saturday, White House Office of Management and Budget (OMB) official Mark Sandy blew another giant hole in the Democrats’ impeachment probe, according to two Republican lawmakers following the testimony.Read More
President Trump’s 2019 Shutdown Minimizes the Impact on Citizens, Where President Obama’s Maximized the Impact in 2013
by Molly Prince Services typically suspended during government shutdowns have continued to operate under the Trump administration, with insiders pointing to acting Office of Management and Budget Director Russell Vought (pictured above) as the reason why. Agencies impacted by government shutdowns are forced to severely cut back on operations, suspend…Read More