Recent Streetsblog USA posts about Federal Funding

“Path to Prosperity” or “Road to Ruin”? Either Way, the House Says Yes

By Tanya Snyder | Apr 15, 2011 | No Comments

By a vote of 235 to 193, the House approved the GOP budget proposal for 2012, which cuts $6.2 trillion more from the budget over 10 years than President Obama’s proposal. A big portion of that bite comes out of transportation. Compared to Obama’s plan, it spends $633 billion less for transportation. House Budget Committee […]

Obama’s Deficit Reduction Plan Will Look Beyond the “Twelve Percent”

By Tanya Snyder | Apr 13, 2011 | 1 Comment

President Obama just finished his speech at George Washington University. He drew a sharp line between the Republican budget proposal and his own vision for reducing the deficit while preserving the social safety net. The most important thing the president did for transportation in his speech is steer the scrutiny away from the 12 percent […]

House Dems Release Alternative to GOP Budget, Separate From Obama

By Tanya Snyder | Apr 13, 2011 | No Comments

With the FY2011 budget finally settled, it’s time for Washington to start fighting over 2012. President Obama released his 2012 budget proposal in February. The Republicans introduced theirs last week. And the House Democrats have just released theirs [PDF]. Meanwhile, President Obama is giving a speech in just a few hours on his plan to […]

President Obama to Embrace Deficit Commission Plan Tomorrow

By Tanya Snyder | Apr 12, 2011 | 4 Comments

Four months ago – just days after the Democrats’ “shellacking” at the polls – a bipartisan commission offered President Obama the chance to retake the budgetary high ground from Republicans, who had positioned themselves as the party of fiscal sanity. The blue-ribbon deficit commission – led by Erskine Bowles, President Bill Clinton’s budget negotiator, and former […]

High-Speed Rail Funds Get Slashed in Detailed Budget Plan

By Tanya Snyder | Apr 12, 2011 | 20 Comments

Just when we thought transportation had gotten off relatively easy in the shutdown-aversion budget deal: The House Appropriations Committee has released details [PDF] on the budget agreement between the two houses, including more information on the agreed-to $38.5 billion in cuts. Where we’d heard before that high-speed rail was getting a $1.5 billion haircut, down […]

You Can Open Your Eyes Now: Budget Deal Spares Transpo the Worst

By Tanya Snyder | Apr 11, 2011 | No Comments

It’s Monday morning, and the government is open for business. In a last-minute agreement just an hour before the current budget extension was to expire Friday night, Democrats and Republicans avoided the nuclear option of a government shutdown. They cut $38.5 billion from the 2010 budget; $78.5 billion from President Obama’s 2011 budget proposal. Some […]

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