Government, Business, Technology

Trump Budget Targets Loan Program That Could Help Lordstown Plant

The former GM plant in Lordstown, Ohio, in 2019. The former GM plant in Lordstown, Ohio, in 2019. (Matthew Hatcher/Bloomberg News)

The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio.

Tom Krisher and John Seewer | Associated Press
February 11, 2020
Government, Business, Safety

Fiscal 2021 Budget Proposal Offers Increase for Two FMCSA Programs

Trucks on busy highway Under the budget plan, the Motor Carrier Safety Grants program would receive $403 million, and the Motor Carrier Safety Operations and Programs account would receive $299 million. (Getty Images)

Programs managed by federal trucking regulators would see a funding boost under a fiscal 2021 budget request the Trump White House sent to Congress on Feb. 10.

Eugene Mulero | Senior Reporter
February 10, 2020
Government, Business

Trump’s $4.8 Trillion Budget Proposal Revisits Rejected Cuts, Addresses Infrastructure

President Trump speaks to media on the South Lawn of the White House on Feb. 7. President Trump speaks to media on the South Lawn of the White House on Feb. 7. (Al Drago/Bloomberg News)

President Donald Trump is offering a $4.8 trillion election-year budget plan that recycles previously rejected cuts to domestic programs like food stamps and Medicaid to promise a balanced budget in 15 years — all while boosting the military and leaving Social Security and Medicare benefits untouched.

Andrew Taylor | Associated Press
February 10, 2020

Budget Gap Widens to $747 Billion in Nine Months Through June

Budget Gap Widens America’s budget deficit is widening as a result of Trump’s tax cuts, which are expected to add about $1.5 trillion to the national debt over a decade, and higher spending approved by Congress. (Bloomberg News)

The U.S. budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising spending eclipsed a small bump in revenue from the Trump administration’s tariffs.

Katia Dmitrieva | Bloomberg News
July 11, 2019
Government, Business

Trump’s FMCSA Budget Request Higher Than Enacted Levels

U.S. Department of Transportation headquarters in Washington thisisbossi/flickr

President Donald Trump’s fiscal 2020 budget request proposes increasing funding for federal trucking regulators. Overall, the U.S. Department of Transportation would see a decrease.

Eugene Mulero | Senior Reporter
March 11, 2019
Government, Business

Domestic Discretionary Spending Slashed in Trump’s $4.7 Trillion Budget Proposal

budget Andrew Harrer/Bloomberg News

President Donald Trump will propose a U.S. budget that wouldn’t balance for 15 years, even assuming stronger economic growth than private forecasters expect and with deep domestic spending cuts that have little chance of passing Congress.

Justin Sink and Erik Wasson | Bloomberg News
March 11, 2019
Government, Business

Trade Gap of $621 Billion in 2018 Marked Highest in Decade

Trade Ty Wright/Bloomberg News

The U.S. trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports.

Katia Dmitrieva | Bloomberg News
March 6, 2019
Government, Business

Budget Deficit in Trump’s First Fiscal Year Highest Since 2012

President Donald Trump Olivier Douliery/Tribune News Service

The U.S. budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012 amid tax cuts and spending increases.

Randall Woods | Bloomberg News
October 15, 2018

Colorado Transportation Officials Search for Bipartisan Solution to Transportation Woes

Brian Bennett/Flickr

WINDSOR, Colo. — Investing in Colorado's transportation infrastructure, specifically along the Front Range, is necessary to accommodate the high volume of people moving into the area due to the vast economic growth, regional transportation experts say.

Katarina Velazquez | Greeley (Colo.) Tribune
May 24, 2017
Government, Business

Obama Budget Would Boost Transport

Pete Marovich/Bloomberg News

New infrastructure projects would be funded through a significant new tax on oil companies, according to President Obama’s fiscal 2017 budget request.

Eugene Mulero | Senior Reporter
February 15, 2016