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Category: Budget

President Biden & Speaker McCarthy Set to Meet Tuesday to Discuss the Debt Ceiling

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President Biden, Speaker McCarthy, and other congressional leaders are set to meet on Tuesday to discuss raising the debt ceiling amidst the ongoing political standoff and renewed urgency given the Treasury Department’s warning that the government could default on its debt as soon as June 1. House Republicans passed their debt ceiling bill last week that would increase the debt ceiling while cutting federal spending by more than $3.5 trillion over the coming decade. The plan would cut discretionary spending by an average of 18% over the next decade with little detail on which programs would be cut or spared. The New York Times estimates that if defense, veterans’ health, and border security are spared (which has been discussed), the remaining programs would have to be cut by half.  The bill also includes provisions that repeal some of the Biden administration’ priorities including the plan to cancel student loan debt. 

House Democrats meanwhile are calling for an increase in the debt ceiling without conditions (which was done multiple times during the Trump presidency) but the House Republicans claim they will not budge. Tuesday will be the first time in seven months that President Biden and Speaker McCarthy will meet to discuss this issue which will a critical to see if any progress can be made.  

Read more about this here and here.

Graduate Student & Professional Senate Leaders Take D.C.

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This week, four graduate student leaders from UW’s Graduate Student & Professional Senate (GPSS) visited Washington D.C. to meet with Congressional staff and advocate for their priorities as graduate students across the country and in Washington specifically. The annual trip to D.C. was put on hold the past few years due to the pandemic, making this year’s visit a great opportunity to reconnect with offices in person and update them on graduate student concerns. The group, which included A.J. Balatico (GPSS President), Kaustubh Yadav (GPSS and SAGE Communications Director), Janis Shin (TABS Chair), and Ella Spurlock (GPSS Exec Senator, Science and Policy Chair), met with 11 of the Washington delegation’s offices where they discussed support for higher education, international students, and research opportunities and advocated for efforts to diversify academic pipelines, ease the visa processes for international students, and expand direct financial support to graduate students. 

 

FY24 Appropriations Process Is Underway: President’s Budget Request is Released

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Earlier this month, the FY2024 President’s Budget Request (PBR) was released outlining the administration’s priorities for the coming fiscal year. The overall request is self-described as a blueprint to build on the past two years to “grow the economy from the bottom up and middle out by investing in America, lowering costs for families, protecting and strengthening Medicare and Social Security, and reducing the deficit by nearly $3 trillion over the next decade”. 

The FY24 PBR included:   

  • $8,215 per Pell Grant award (an $820 increase over FY23)  
  • $21 billion in discretionary spending for CHIPS & Science-authorized activities including $1.2 billion for the Directorate of Technology Innovation and Partnerships (TIP)  
  • $48.26 billion for NIH (an increase of 1.7% over FY23)  
  • $2.5 billion for ARPA-H (a $1 billion increase over FY23)  
  • $27.2 billion for NASA (a 7.1% increase over FY23), and  
  • $11.3 billion for NSF (an 18.6% increase over FY23 enacted level of $9.5 billion)  

Now the House and Senate will review the request and vote on a Budget Resolution that decides on topline numbers for discretionary funding. Here is where things could get tricky as the new divided Congress will likely have trouble coming to an agreement. 

Check out a more complete list of programs and accounts on our updated appropriations tracker, including the FY24 budget request numbers, here. We will continue to add to this once more budget justifications are released and as the appropriations process continues.   

Senate Clears Reconciliation Package; House to Take It Up Friday

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After a marathon series of votes on amendments over the weekend, the Senate cleared by a vote of 51-50 a version of the reconciliation budget package.  With all 50 Democrats supporting the measure and all 50 Republicans voting against it, Vice President Harris cast the tie-breaking vote.  Because the measure isa reconciliation bill, which provided it procedural protections, it could move forward in the Senate with a simple majority vote.

The House is currently scheduled to take it up on Friday.

We will provide further details about the bill  in the near future.

FY2023 NOAA Congressional Budget Justification Available

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Yesterday, NOAA made available its Congressional justification document for its FY2023 budget request.  The document, available here, calls for:

  • A total of $774.8 million for the Office of Oceanic and Atmospheric Research (OAR), the research office within NOAA.
    • Within OAR, climate research programs would be funded at $256.6 million and climate cooperative institutes would be funded at $108.7 million.
    • The base Sea Grant program would receive $76.3 million and the Sea Grant Aquaculture program would receive $13.3 million.
  • Within the National Ocean Service, the IOOS Regional Observation Network would receive $40.5 million under the budget proposal.