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Taxes & Budget

Coverage of the national budget and your taxes.

President Donald Trump speaks during an event with Israeli Prime Minister Benjamin Netanyahu in the East Room of the White House in Washington, Tuesday, Jan. 28, 2020, to announce the Trump administration's much-anticipated plan to resolve the Israeli-Palestinian conflict. (AP Photo/Alex Brandon)

Federal deficit to hit $1 trillion this year

- The Washington Times

The federal deficit will reach $1 trillion this year and remain above that level for the rest of the decade, the government’s official scorekeeper said Tuesday, highlighting an ever worsening fiscal picture.

President Donald Trump applauds after signing the National Defense Authorization Act for Fiscal Year 2020 at Andrews Air Force Base, Md., Friday, Dec. 20, 2019, before traveling to Mar-a-lago in Palm Beach, Fla. (AP Photo/Andrew Harnik)

Trump signs massive spending bill, avoiding a government shutdown

- The Washington Times

President Trump signed into law Friday night a $1.4 trillion spending package that avoids a government shutdown, funds all federal agencies through September, provides up to 12 weeks of paid family leave for most federal employees and spends $1.375 billion on his border wall.

House Speaker Nancy Pelosi of Calif., speaks at a news conference to discuss the United States Mexico Canada Agreement (USMCA) trade agreement, Tuesday, Dec. 10, 2019, on Capitol Hill in Washington. (AP Photo/Andrew Harnik) **FILE**

House votes to implement Trump’s NAFTA rewrite

- The Washington Times

House Democrats and Republicans linked arms and overwhelmingly approved President Trump’s rewrite of the North American trade deal Thursday, less than 24 hours after members evoked Pearl Harbor and Pontius Pilate in a nasty impeachment debate on the same floor.

In this file photo from Sept. 9, 2019, Gen. John W. Raymond, U.S. Air Force and commander of the U.S. Space Command, right, and Gen. Joseph F. Dunford, Jr., U.S. Marines and Chairman of the Joint Chiefs of Staff, watch during the presentation of the new U.S. Space Command colors during a ceremony to recognize the establishment of the United States Space Command at Peterson Air Force Base in Colorado Springs, Colo. (Christian Murdock/The Gazette via AP) **FILE**

Defense budget, policy bills advance on Capitol Hill

- The Washington Times

The Pentagon got some needed budget clarity as the House approved two massive spending bills that included $738 billion this fiscal year for defense and the Senate easily approved a compromise defense policy bill that President Trump says he is eager to sign.

The Pentagon vehemently denies that the White House exerted any political pressure throughout the process for awarding the Joint Enterprise Defense Infrastructure (JEDI) contract, which ultimately went to Microsoft. (Associated Press/File)

Massive bill has wins for military families, Trump’s Space Force

- The Washington Times

Lawmakers on Tuesday unveiled a highly anticipated bipartisan compromise of the massive $738 billion 2020 defense authorization bill, breaking a legislative logjam and dealing with dozens of knotty security and policy decisions on the very same day House Democrats were bringing two articles of impeachment against President Trump.

This Oct. 8, 2019, file photo, shows California Gov. Gavin Newsom during an interview in his office at the Capitol in Sacramento, Calif. California's Supreme Court rejected a state law that would have required President Donald Trump to disclose his tax returns to appear as a candidate in the state's primary election next spring. The justices on Thursday, Nov. 21, 2019 said the law that would have required tax returns for all presidential and gubernatorial candidates to appear on the primary ballot was unconstitutional. The state Republican Party challenged the bill signed into law by Newsom because it was aimed at Trump. (AP Photo/Rich Pedroncelli, File)

Trump feud could ding California’s budget surplus

- Associated Press

California is bracing for a much smaller budget surplus next year because of its ongoing feud with the Trump administration about a tax involving Medicaid, the state’s chief budget writer said Monday.

The Capitol is seen in Washington, early Friday, Nov. 8, 2019. Impeachment hearings for President Donald Trump come at the very time that Capitol Hill usually tends to its mound of unfinished business. (AP Photo/J. Scott Applewhite)

Pact reached to avert government shutdown through Dec. 20

- Associated Press

A top House lawmaker announced Tuesday that Congress will pass a governmentwide temporary spending bill to keep the government running through Dec. 20, forestalling a government shutdown as the House turns its focus to impeachment hearings.