He says Congress may soon hear from Treasury Secretary Steven Mnuchin (mih-NOO'-shin) about a change in the deadline to raise the debt ceiling.
The Congressional Budget Office has estimated that the bookkeeping maneuvers Mnuchin can use will be exhausted by sometime in the fall.
Kasich, who chaired the House Budget Committee in the 1990s, joked when responding to a comment from cohost Norah O'Donnell on "CBS This Morning" Wednesday.
During a hearing on Wednesday, Rep. Barbara Lee (D-CA) grilled Mulvaney about the budget's 25 percent cut to food assistance for the poorest Americans.
Sanford told Mulvaney that the budget "assumes that the stars perfectly align" by promising an economic growth rate of 3 percent but that such an economic surge wouldn't increase inflation and bond yields.
In a hearing before a House panel, Kelly insisted that it made sense to cut roughly $767 million from state and local grant programs, money meant to help local authorities prevent and respond to terrorist attacks and other disasters, because the funds are no longer needed. Clark replied, "I am shocked".
Dixons Carphone PLC (DC) Earns "Buy" Rating from Liberum Capital
Mondi Plc (LON:MNDI)'s stock had its "neutral" rating reissued by Credit Suisse Group AG in a report issued on Tuesday. The company has a 50-day moving average price of GBX 681.21 and a 200 day moving average price of GBX 654.21.
Dallas Cowboys CB Nolan Carroll arrested on DWI charge
Carroll signed for a base salary of just $1 million, however his signing bonus of $3 million does carry a bit of weight. Headlines containing the words "Cowboys starter arrested/suspended for XYZ" are becoming fairly common in recent years.
New Super Nintendo World park trademark includes kart racing and hotels
What makes the filing so interesting is that there could even be a live version of Super Mario Kart . And now it looks as though we have a formal name for the park: Super Nintendo World.
That transparent gimmick has been roundly mocked by economists, with former Treasury Secretary Larry Summers calling it "the most egregious accounting error in a presidential budget in the almost 40 years I have been tracking them". Do we just want to limit and manage the left's usual criticism that Republicans are interested only in denying benefits to widows, orphans, etc., or are we prepared to make hard but necessary spending reductions and then sell the budget to the public and run on it in 2018? "It dismantles our nation's basic living standards", she said.
The president's budget slashes Medicaid in two places, with over $800 billion in cuts as part of the American Health Care Act and an additional cut of over $600 billion, both relative to current law over the course of a decade.
Perdue says the best way to help poverty and hunger is "to turn the economy around, and job dignity".
Democratic Representative Pramilla Jayapal of Washington said that that cuts to food stamps, payments to the disabled, and other programmes are "astonishing and frankly immoral". Already, the House GOP bill would roll back former President Barack Obama's Medicaid expansion while also capping future federal financing for the program. Trump left those big retirement programs alone in this year's effort.
Rep. John Carter, a Texas Republican who chairs the subcommittee, described the proposed cuts as "worrisome" and also questioned the need to add thousands of new immigration jail beds.
Treasury Secretary Steven Mnuchin had expected the government to hit the legally mandated debt ceiling - now about $20.1 trillion - in early September.
On May 23, the White House released its full budget proposal, which not only calls for kicking millions of working- and middle-class Americans off vital public assistance programs to make room for big tax cuts for top income earners, but also bases its tax revenue projections on expected annual gross domestic product (GDP) growth of 3 percent by 2020.