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Obama Budget Proposes 7% More in Spending Above Sequestration Caps
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The fiscal 2016 U.S. budget of president Obama proposes government spending at 7% or $74 billion above the caps set in a bipartisan deficit reduction deal reached in 2011. It proposes $561 billion in defense spending with an increase of $38 billion, and $530 billion in non defense spending with an increase of $37 billion. Across the board cuts known as the sequester were set in 2013 following a 2011 bipartisan budget deal plan to take $2 trillion out of the federal budget deficit over 10 years. Spending caps were set at the time and a supercommitte was setup to look for ways to trim $1.2 trillion from the federal budget. With the failure of the supercommittee the sequester went into effect until Sen. Murray (Democrat) and Sen Paul Ryan (Republican ) agreed to ease cuts through fiscal year 2015 ending in September. The Democratic president's effort is to remove the caps in 2016 to invest more in infrastructure, medical research, other strategic priorities and defense.
U.S. president Obama's fiscal 2016 budget
01/30/2015
Grouped Articles
Obama Budget Proposes 7% More in Spending Above Sequestration Caps
Wall Street Journal 01/30/2015
The Economist 10/08/2016
The Economist 10/08/2016
The $85 billion sequester automatic U.S. spending cuts in March 2012
02/22/2013
Grouped Articles
Pentagon Lays Out Ways to Slash Spending
Wall Street Journal 08/01/2013
Obama Budget Proposes 7% More in Spending Above Sequestration Caps
Wall Street Journal 01/30/2015
How Federal Spending Would Be Cut Under the Sequester
Wall Street Journal 02/23/2013
Wall Street Journal 02/22/2013
On the sequester, the American people ‘moved the goalposts’ | Wonkblog
Washington Post 02/24/2013
Confrontation Between Bob Woodward, White House Flares Again
Wall Street Journal 03/01/2013
Increasing federal retirement payments and reducing sequester cuts- parts of the U.S. Budget deal negotiated by Ryan and Murray in Dec. 2013
12/10/2013
Grouped Articles
How higher federal-retirement payments ended up in the budget deal
Washington Post 12/13/2013
Capitol Leaders Agree to a Deal on the Budget
New York Times 12/10/2013
New York Times 12/11/2013
House Passes Budget Agreement in 332-94 Vote
Wall Street Journal 12/13/2013
Boehner Escalates Tea-Party Attack
Wall Street Journal 12/13/2013
Obama Budget Proposes 7% More in Spending Above Sequestration Caps
Wall Street Journal 01/30/2015
The origins of the sequester of automatic spending cuts in the U.S. as the brainchild of Budget Director, Jack Lew
07/14/2011
The $85 billion of irrational spending cuts going into effect March 1, 2013, originated with Budget Director Jack Lew, says veteran reporter Bob Woodward, of the Washington Post. This is important because dissembiling by the White House on this issue has eroded what little trust remained between Republicans and Democrats in budget negotiations (even though Republicans have also acted improperly), says Woodward.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Obama Budget Proposes 7% More in Spending Above Sequestration Caps
Wall Street Journal 01/30/2015
George Will: The manufactured crisis of sequester - The Washington Post
Washington Post 02/23/2013
How Federal Spending Would Be Cut Under the Sequester
Wall Street Journal 02/23/2013
Wall Street Journal 02/22/2013
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