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This government shutdown is historic for one big reason

“The modern budget process began with the passage of the Budget Act of 1974” writes Bob Bryan for businessinsider.com. This is the first time that one party has controlled the House, the Senate, and the White House during a shutdown in which federal employees are furloughed.The federal government entered the 18th partial shutdown of the modern budget era at midnight Saturday after the Senate failed to reach a deal on a funding bill. Source: businessinsider.com Share This:

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The Real Reasons Why the Government Shut Down

“Republicans, however, said the Democratic opposition was proof they wanted to shut down the government over immigration” writes Russell Berman for theatlantic.com. Pelosi promised immigration activists that Democrats would not leave for the year without addressing DACA, but Senate Democrats agreed just before Christmas to punt the fight to January.To entice Democrats to vote for a stopgap spending bill without an immigration deal—and to attack them if they didn’t—GOP leaders attached a six-year CHIP reauthorization. Source: theatlantic.com Share This:

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Washington Gov. Inslee signs capital budget, water bill

“Jay Inslee signed the so-called Hirst water fix privately in his office, followed by public signings of the budget and accompanying bonds bill later in the afternoon” writes Rachel La Corte for seattletimes.com. Inslee signed the so-called Hirst fix privately in his office, followed by public signings of the budget and accompanying bonds bill later in the afternoon.Jay Inslee on Friday signed a $4.2 billion capital budget that pays for construction projects across the state, as well as a compromise bill on a contentious water issue that had stalled the…

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The Air Force Could Lose a Third of Its A-10s

“Air Force critics charge that refusing to pay for the re-winging effort is yet another attempt to squeeze and ultimately retire the A-10, this time out of budgetary neglect” writes Kyle Mizokami for popularmechanics.com. The Air Force has been trying to retire the A-10 Thunderbolt II for nearly three decades, since the end of the 1991 Persian Gulf War. Source: popularmechanics.com Share This:

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The Latest: Trump invites Dem leader to seek budget deal

“After the House passed a four-week, government-wide spending bill, Senate Democrats vowed a filibuster unless there’s a deal to protect certain young immigrants” reports foxbusiness.com. The Latest on the budget battle in Congress (all times local): President Donald Trump has invited Senate Democratic leader Chuck Schumer to the White House to try to reach a deal to avoid a government shutdown. Source: foxbusiness.com Share This:

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Military experts beg Congress to quit ‘shenanigans,’ say budget battle hurts readiness

“Republicans were hoping to vote on another stopgap budget measure on Thursday to avoid a government shutdown, White House sources told FOX Business” writes Brittany De Lea for foxbusiness.com. In order to increase resources, Congress would need to vote to raise the budget caps, put in place under the Budget Control Act (BCA) of 2011, or get rid of them entirely. “If sequestration happens, it’s a cut of $52 million to the FY ‘18 budget. Source: foxbusiness.com Share This:

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US gives $2B to help homeless amid plans to cut housing aid

“President Donald Trump’s administration announced $2 billion in grants Thursday for local agencies trying to help the homeless even as the government proposes deep cuts to federal housing programs” reports foxbusiness.com. That includes a focus on Housing First, which moves people quickly from homelessness into permanent housing, rather than using transitional housing as an intermediate step.”Any cuts to housing assistance are going to impact on homelessness,” said Nan Roman, president and CEO of the National Alliance to End Homelessness. Source: foxbusiness.com Share This:

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December US budget deficit shrinks to $23.2 billion

“The federal government recorded a budget deficit of $23.2 billion in December, smaller than a year ago” reports foxbusiness.com. Economists at JPMorgan Chase are estimating a budget deficit of $765 billion for the current budget year, which would be 15 percent higher than last year’s deficit.For the first three months of this budget year, the deficit totals $225 billion, up from a deficit of $209.8 billion for the same period a year ago.The December deficit was 15.2 percent lower than the $27.3 billion imbalance in December 2016, the Treasury Department…

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U.S. runs December budget deficit of $23 billion, Treasury says

“The numbers: The federal government ran a budget deficit of $23 billion in December, according to the Treasury Department, down $4 billion from the same month a year ago” writes Fiscal Policy Reporter for marketwatch.com. Compared to the first three months of the prior fiscal year, the deficit is growing. The government’s budget year runs from October through September. Source: marketwatch.com Share This:

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IRS needs funding for GOP tax overhaul, report says

“The tax agency needs to update forms, create new definitions, write regulations and field questions from taxpayers, which tend to increase when Congress passes new laws” reports foxbusiness.com. It’s far from clear, however, whether Congress will provide the IRS with additional money to implement the new tax system.The Internal Revenue Service, after years of budget cuts, will have its hands full implementing the new tax law, according to the agency’s in-house public advocate.The IRS budget declined 12.7% in constant dollars from its 2010 peak to fiscal 2016, according to agency data, and IRS staffing was down…

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