The government shutdown, which is over for at least a few weeks while Congress and the administration negotiate border security legislation, cost the U.S. economy several billion dollars, according to the Congressional Budget Office. In addition, the 35-day shutdown imposed economic hardships for federal workers, contractors, and others.
The clock is ticking for US lawmakers, who have fewer than four days -- as of 18 December -- to pass a new budget for many government agencies, or they will trigger a partial government shutdown. Nature explains why politicians are struggling to reach a deal, what is at stake for science and whether a crisis can be avoided.
With the passage into law of the FY19 (10/1/2018 - 9/30/2019) spending bill that will fund Department of Education, Labor and Health and Human Services, President Trump committed federal dollars to key budget line items SWE has been advocating for since the proposal of the FY18 budget in early 2017 and the FY19 budget earlier this year, respectively.
With midterm elections just over a month away, Congress averted another government shutdown on Wednesday by the House of Representatives passing 12 appropriations bills and sending the legislation to the president. The Department of Defense and Labor, Health and Human Services, and Education Appropriations Act of 2019 provides nearly $71.5 billion to the Department of Education, which is a $581 increase from the fiscal year 2018.
The first section of the FY 2019 budget to pass included funding for energy and water, the legislature, military construction and veterans’ affairs. While the year-over-year growth was not as strong for most initiatives as from FY 2017 into FY 2018, the average gain within the Department of Energy was about three percent.
Sending humans back to the moon won't require a big Apollo-style budget boost, NASA Administrator Jim Bridenstine said. During the height of the Apollo program in the mid-1960s, NASA gobbled up about 4.5 percent of the federal budget. This massive influx of resources helped the space agency make good on President John F.
China’s complaints about the act come as the world’s two biggest economies engage in an increasingly bitter fight over trade, levying tariffs on each others’ products. U.S. President Donald Trump signed a $716-billion defense policy act on Monday that authorizes military spending and waters down controls on U.S. government contracts with China’s ZTE Corp and Huawei Technologies Co Ltd .
On July 31, OMB Director Mike Mulvaney distributed a memo outlining eight priority R&D subjects and five practices for leveraging R&D resources more effectively. The White House intends for the memo to serve as guidance in the development of budget submissions from the executive departments and agencies for FY 2020.
The Senate voted through a $145 billion spending bill on a margin of 86-5 on Monday, with provisions to fund the Energy Department in the 2019 budget year. The legislation keeps spending level or slightly increases funds for programs offered through the Office of Energy Efficiency and Renewable Energy, as well as the Energy Information Agency. The Advanced Research Projects Agency-Energy received $375 million, the most since its creation.
In April, the Congressional Budget Office reported the U.S. annual budget deficit will reach $1 trillion by 2020. That’s a troubling trajectory, but no one in Washington seems to care enough to stop spending money. I only see one answer. Washington needs to spend more money. Spending in one area now might actually help avert a fiscal apocalypse later.