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
    • Advertise
    • Contact
    • Editorial Staff
    • 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

  • More than half of recent retirees regret how they saved
  • Tech group seeks additional context addressing AI risks in CSF 2.0 draft profile connecting frameworks
  • How to discuss higher deductibles without losing client trust
  • Take advantage of the exploding $800B IRA rollover market
  • Study finds more households move investable assets across firms
More Advisor News

Annuity News

  • Court fines Cutter Financial $100,000, requires client notice of guilty verdict
  • KBRA Releases Research – Private Credit: From Acquisitions to Partnerships—Asset Managers’ Growing Role With Life/Annuity Insurers
  • $80k surrender charge at stake as Navy vet, Ameritas do battle in court
  • Sammons Institutional Group® Launches Summit LadderedSM
  • Protective Expands Life & Annuity Distribution with Alfa Insurance
More Annuity News

Health/Employee Benefits News

  • CVS Pharmacy, Inc. Trademark Application for “CVS FLEX BENEFITS” Filed: CVS Pharmacy Inc.
  • Medicaid in Mississippi
  • Policy Expert Offers Suggestions for Curbing US Health Care Costs
  • Donahue & Horrow LLP Prevails in Federal ERISA Disability Case Published by the Court, Strengthening Protections for Long-Haul COVID Claimants
  • Only 1/3 of US workers feel resilient
More Health/Employee Benefits News

Life Insurance News

  • An Application for the Trademark “RELIANCEMATRIX A MEMBER OF TOKIO MARINE GROUP” Has Been Filed by Reliance Standard Life Insurance Company: Reliance Standard Life Insurance Company
  • Prudential of Japan Implements Voluntary 90-Day Suspension of New Sales to Address Previously Disclosed Employee Misconduct
  • Judge orders Greg Lindberg to pay $526 million to policyholders
  • Donahue & Horrow LLP Prevails in Federal ERISA Disability Case Published by the Court, Strengthening Protections for Long-Haul COVID Claimants
  • NAIFA, Finseca unite for Day on the Hill
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

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

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

LIMRA’s Distribution and Marketing Conference
Attend the premier event for industry sales and marketing professionals

Get up to 1,000 turning 65 leads
Access your leads, plus engagement results most agents don’t see.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • Prosperity Life Group appoints industry veteran Rona Guymon as President, Retail Life and Annuity
  • Financial Independence Group Marks 50 Years of Growth, Innovation, and Advisor Support
  • Buckner Insurance Names Greg Taylor President of Idaho
  • ePIC Services Company and WebPrez Announce Exclusive Strategic Relationship; Carter Wilcoxson Appointed President of WebPrez
  • Agent Review Announces Major AI & AIO Platform Enhancements for Consumer Trust and Agent Discovery
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
  • Advertise
  • Contact
  • Editorial Staff
  • 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