President Obama on Tuesday released an election-year budget proposal that calls for $3.9 trillion in spending in fiscal 2015.
Deficit reduction takes a back seat in the budget to jobs initiatives Democrats hope will be popular with voters.
The central elements of the proposal are $56 billion in new stimulus spending above the discretionary budget cap in place for next year, $302 billion in infrastructure spending over four years and a series of tax breaks for lower-income workers.
Congressional Republicans are already pushing back on the proposed budget, saying it doesn’t do enough to address the country’s long-term deficit issues, and Rep. Paul Ryan went as far as to say the new proposal “isn’t a serious document, it’s a campaign brochure.”
18:19 // 1 month ago
And here’s more on the story that led to the entertaining gaffe:
A federal judge declared a same-sex marriage ban in deeply conservative Texas unconstitutional on Wednesday, but will allow the nation’s second-most populous state to enforce the law pending an appeal that will likely go to the U.S. Supreme Court.
Judge Orlando Garcia issued the preliminary injunction after two gay couples challenged a state constitutional amendment and a longstanding law. His ruling is the latest in a tangled web of lawsuits across the country expected to end up in the Supreme Court next year.
"Without a rational relation to a legitimate governmental purpose, state-imposed inequality can find no refuge in our United States Constitution," Garcia wrote. "These Texas laws deny plaintiffs access to the institution of marriage and its numerous rights, privileges, and responsibilities for the sole reason that Plaintiffs wish to be married to a person of the same sex."
Texas Attorney General Greg Abbott says he will appeal the ruling, and promised to seek a different decision from the 5th Circuit Court of Appeals in New Orleans. In a statement, Abbott said there are “good, well-meaning people" on both sides of the debate, but insisted the Supreme Court has already confirmed states’ right to define/regulate marriage. (Thanks HuffPo!)
17:44 // 1 month ago
A trove of rare Gold Rush-era coins unearthed in California last year by a couple as they walked their dog may be the greatest buried treasure ever found in the United States, worth more than $10 million, a currency firm representing the pair said on Tuesday.
The 1,400 gold pieces, dating to the mid- to late 1800s and still in nearly mint condition, were discovered buried in eight decaying metal cans on the couple’s land last April, said coin expert David McCarthy of currency firm Kagin’s.
"We’ve seen shipwrecks in the past where thousands of gold coins were found in very high grade, but a buried treasure of this sort is unheard of," McCarthy said. "I’ve never seen this face value in North America and you never see coins in the condition we have here."
SFB Readers: What would you do if you found $10 million worth of buried treasure in your backyard?
15:14 // 1 month ago