Budget, Finance & Taxes

Democrats’ Bill Would Offer $5 Million-Per-Candidate Bonanza

House Democrats, who promised to get big money out of politics, are preparing to vote on providing public financing for congressional races, a move that could pump millions of dollars of taxpayer money into those contests.

Border Democrats Walk Tightrope Between Wall, Constituent Jobs

Democratic lawmakers from U.S. border states are having to learn how to balance their opposition to President Trump’s proposed border wall with the boost in federal contract spending many of their districts have seen, thanks to tougher immigration enforcement.

Federal Contract Spending Trends: Five Years in Five Charts

Contract spending has grown by almost 6 percent per year over the past five years as federal agencies relied increasingly on governmentwide contract vehicles and simplified acquisition procedures. Bloomberg Government has identified five important spending trends that developed from fiscal 2014 through 2018.

Pentagon Whiffed on Spending $28 Billion as Time Ran Out (1)

The Defense Department lost out on $28 billion at the end of fiscal 2018 because it let authority to spend the funds expire, according to a report by its inspector general on results of the Pentagon’s first-ever audit

Rulemaking Goes Dark During Shutdown Over Spending Standoff

The partial government shutdown over spending for agencies covering homeland security, environmental protection, and other programs is also depriving the public of new information about behind-the-scenes rulemaking at departments that have funding.

Pentagon to Seek $1.2 Billion for New Boeing F-15 Fighters (1)

The Pentagon is planning to request $1.2 billion for 12 Boeing F-15 X fighter aircraft—the newest version of the decades-old jet—in its fiscal year 2020 budget request, according to two people familiar with the decision who asked not to be named because it’s not yet official.

Top House Armed Services Democrat to Block DOD Funds for Wall

Democratic Rep. Adam Smith, the incoming leader of the House Armed Services Cmte, plans to ban use of Pentagon funds and military personnel to build a border wall along the Southwest border.

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Campaign Cash Follows GOP Senator Who May Be Drug-Price Firewall

Pharmaceutical industry political action committees gave more to John Barrasso than to any other senator in the recent election, even though his committee assignments won’t put him in a particularly good place to drive health policy.

But Barrasso (R-Wyo.) will be the third-highest ranking senator, Republican Conference chairman, in January and those donations could end up paying off for drug companies in the new Congress.

DOT Competing $670 Million Project Management Contract

The Department of Transportation’s Federal Transit Administration (FTA) on Nov. 17 released a final request for proposals for a five-year, $670 million multiple-award contract covering project management oversight (PMO) support services for select capital projects.

Jeb Bush Super-PAC Fined $200,000 for Campaign Finance Violation

The super-political action committee that supported Jeb Bush’s unsuccessful presidential primary bid agreed to pay a $200,000 fine to the Federal Election Commission for failing to report almost $10 million in spending for campaign ads.

The super-PAC, called Right to Rise, didn’t file required independent expenditure reports for television ad buys before the Iowa caucuses and New Hampshire and South Carolina primaries in early 2016, according to documents released by the commission.