With Budget chairs Ryan and Murray apparently close to a deal, they may turn to PBGC premiums as a way to raise money without increasing taxes.
A recent CNN Money article suggests that budget conferees are likely to propose an increase in aviation security fees.
Naturally, the country has been consumed by the developments (or lack thereof) in the government shutdown and debt ceiling impasse. But there is some movement on another piece of legislation which will need to pass before the end of the year: the farm bill. Last year, the farm bill was set to expire, but the fiscal cliff deal extended it for another year to give time for lawmakers to come to an agreement.
Today is the first October, first day of 2014 fiscal year, and because of the failure of Congress, the first day of the government shutdown. Yesterday, we were facing a unsustainable fiscal outlook and we were dealing with the consequences of sequestration. But today, things are needlessly worse. The following are now true:
Today, the Congressional Budget Office released a new report on Pell Grants which details the program and recent changes made to it, shows options to reform it, and possible alternatives to the existing program. Pell Grants are the largest of the federal governments' grant programs for higher education and are the primary channel for federal financial aid besides federal student loans.
Last Friday, President Obama sent a letter to Congress calling for a 1 percent pay raise for federal civilian workers next year. The White House previously included this proposal in its FY 2014 budget, which would save $1 billion in 2014 and $18 billion over the next ten years if measured against current law.
On Friday, we discussed the President's recent speeches on his policy proposals for higher education. With most K-12 schools and university funding coming from state and local governments, it's easy to forget the role the federal government has in supporting education. In addition to many federal programs that supplement or support primary and secondary education, the federal government plays a central role in providing aid and financing for higher education.
As part of an ongoing series of economic speeches entitled A Better Bargain for the Middle Class, President Obama spoke yesterday at the University of Buffalo on higher education, with additional speeches today at Binghamton University and Lackawanna College.
Today, a piece in the Financial Times shows the unnecessary damage being done by the ongoing sequester -- in this case, sharp cuts to federal support for low-income housing.