The average millionaire's federal taxes would increase $82,604 in calendar year 2015 under President Obama's proposed fiscal 2014 budget, according to the Tax Policy Center.
The government should set up a steering committee to reform how federal documents are classified, 31 public interest organizations wrote in a letter (.pdf) to President Obama. A presidentially-appointed steering committee would provide a mechanism for identifying and coordinating needed changes and for overcoming internal agency resistance to change, it adds.
Federal agencies can now replace aging vehicles with new hybrid electric sedans, and the General Services Administration will fund the difference in cost, the agency announced April 22.
Whoever is behind the April 15 bombing of the Boston Marathon will face justice, President Obama said April 18 during an interfaith service in Boston. The attack killed three and injured more than 170 others. "We will find you, and yes you will face justice," Obama said. "But more than that, our fidelity to our way of life, to our free and open society, will only grow stronger."
Thousands of federal employees won't have their financial disclosure forms publicized online after all. President Obama signed into law April 15 modifications to the Stop Trading on Congressional...
President Obama sent to Congress Wednesday a $3.77 trillion budget proposal for fiscal 2014, a total amounting to about $14 million less than estimated fiscal 2013 spending. When accounting for White House-projected inflation, that proposed topline is 0.37 below current year spending.
The request, which does not include the classified intelligence agency IT request nor embedded IT systems in things such as weapons systems and satellites (and has other accuracy limitations as well), amounts to $81.996 billion. When taking into account Office of Management and Budget projections for inflation, the fiscal 2014 proposed spend is slightly less than current year amount under the continuing resolution.
Raising taxes on the wealthy, reforming retirement programs and investing in high-tech manufacturing will help lower the deficit, President Obama said in a weekly radio address previewing his upcoming budget proposal, set to be released April 10.
President Barack Obama nominated Brian Deese as deputy director of the Office of Management and Budget Monday, according to a White House press release . Obama tapped Sylvia Burwell for the top spot at OMB on March 4. The confirmation process is expected to go smoothly, White House Spokesman Jay Carney said at a March 19 press briefing .
As he announced the initiative, Obama said it could be "the next great American project" and could lead to improved understanding of Alzheimer's disease, autism, and strokes, in addition to other unforeseeable discoveries. "There's this enormous mystery waiting to be unlocked," he said.