Trump's 4 trillion fiscal-hole
Source: Daily Crux
http://thecrux.com/reagan-budget-adviso ... scal-hole/
The government will shut down midnight on April 28 if Congress cannot agree on a spending bill.
As reported over the past week, the measure hit various snags over Trump’s demands to include funding for Trump’s border wall and a debate over money for an ObamaCare insurer subsidy program, both programs which virtually assure the spending bill will not pass.
As a result, the Office of Management and Budget (OMB) has begun to coordinate with government agencies to plan for a possible shutdown.
“Wall funding is just one of many policy potholes that could disrupt negotiations, including ACA cost-sharing subsidies, coal miner benefits, sanctuary cities.”
To be sure, Congress can avoid a full-blown shutdown if it passes a short-term spending measure to keep the government open while negotiations over a broader funding deal continue, but even that process has been put into question.
The plan - if agreed to by Congress - would cut $3.6 trillion in government spending over 10 years, balancing the budget by the end of the decade.
More than $800 billion would be cut from the Medicaid program for the poor, and more than $192 billion from food stamps.
Users browsing this forum: No registered users and 6 guests