Trump Budget Timeline Mixes Deadlines, Uncertainty - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Washington Wire RSS Get our newsletter
Order Prints
March 13, 2017 Washington Wire
Share
Share
Post
Email

Trump Budget Timeline Mixes Deadlines, Uncertainty

Associated Press

President Donald Trump's release of a spending blueprint for the upcoming budget year will set in motion a debate that's full of uncertainty — and the potential for gridlock, even a government shutdown.

There's also a more immediate quandary: What to do about the current budget year?

None of the 12 annual appropriations bills has been enacted and a temporary funding measure expires next month. Trump's signature is needed on what promises to be an omnibus spending bill with a $1 trillion-plus price tag. The path toward passage may be rocky, given the political land mines such as the southern border wall and a budget-busting supplemental Pentagon request.

Some key dates in the process:

—Early March: With Wednesday's deadline to increase the government's borrowing authority looming, Treasury Secretary Steven Mnuchin said he would use bookkeeping measures to avert a first-ever government default on U.S. obligations such as Social Security benefits and interest payments. Such "extraordinary measures" will buy time until the fall for lawmakers to approve legislation increasing the debt limit.

—Thursday: Trump submits a budget covering only discretionary spending. That's the $1 trillion-plus portion of the $4 trillion federal budget that passes through Congress each year. Trump's plan would boost the Pentagon's budget by $54 billion — about 10 percent — while cutting domestic programs and foreign aid by an equal amount.

—April 28: A temporary, government-wide funding bill expires. Unless Congress passes and Trump signs a catchall spending bill or another extension, the government would partially shut down. Democratic votes are needed to pass the bill through the Senate, but any measure that satisfies Democrats is sure to alienate tea party Republicans.

—May: Trump reveals the remainder of his budget, including tax proposals, plans for curbing mandatory spending, economic projections — and large deficits. Around the same time, Congress is likely to work on its annual budget resolution, which promises to be very difficult but is a precursor to Trump's promise to overhaul tax laws.

—Summer-Fall: The Republican-run Congress tries to advance spending bills for the 2018 budget year, which begins Oct. 1. Meeting that deadline is highly unlikely, but at some point, budget talks probably will begin — assuming, as many do, that the regular process will have broken down.

Older

Crash trends, insurance hikes linked to distracted driving

Advisor News

  • Financially support your adult children without risking your future
  • NY insurance agent and Ponzi schemer faces 4-12 years in prison
  • Economic pressure makes boomerang living a new normal
  • Millennials ready to bring their advisor to the family table
  • The gap between policy awareness and investor conversations
More Advisor News

Annuity News

  • A new opportunity for advisors: Younger indexed annuity buyers
  • Most employers support embedding guaranteed lifetime income options into DC Plans
  • InspereX Partners with AuguStar Retirement for Strategic Expansion into Annuity Market
  • FACC and DOL enter stipulation to dismiss 2020 guidance lawsuit
  • Zinnia’s Zahara policy admin system adds FIA chassis to product library
More Annuity News

Health/Employee Benefits News

  • ACTING SUPERINTENDENT KAITLIN ASROW SECURES $2.25 MILLION CYBERSECURITY SETTLEMENT WITH DELTA DENTAL
  • New Cigna CEO: Insurer to exit ACA, focus on ‘relentless’ push for affordability
  • Thousands of Marylanders downgraded health plans on ACA marketplace amid rising premiums
  • Trump’s Medicaid fraud crackdown may sound sensible, but it could harm Americans who require long-term care
  • Elevance Health’s Affiliated Health Plans Deliver More Predictable, Lower Healthcare Costs for Small Businesses
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Old Republic International Corporation’s Subsidiaries
  • Government seeks dismissal of Dean Vagnozzi’s lawsuit against SEC
  • Symetra Promotes Nicholas Mocciolo to Chief Investment Officer of Symetra Financial Corporation
  • NAIFA letter supports change to DOL independent contractor rule guidance
  • Are you truly independent? 5 questions to ask
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

A FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Press Releases

  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
  • RFP #T01325
  • RFP #T01325
  • RFP #T01825
  • RFP #T01825
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet