The 2015 United States federal budget was the federal budget for fiscal year 2015, which runs from October 1, 2014 to September 30, 2015. The budget takes the form of a budget resolution which must be agreed to by both the United States House of Representatives and the United States Senate in order to become final, but never receives the signature or veto of the President of the United States and does not become law. Until both the House and the Senate pass the same concurrent resolution, no final budget exists. Actual U.S. federal government spending will occur through later appropriations legislation that would be signed into law.
46-677: The United States secretary of housing and urban development (or HUD secretary ) is the head of the United States Department of Housing and Urban Development , a member of the president's Cabinet , and thirteenth in the presidential line of succession . The post was created with the formation of the Department of Housing and Urban Development on September 9, 1965, by President Lyndon B. Johnson 's signing of ( Pub. L. 89–174: The Department of Housing and Urban Development Act ) into law. The department's mission
92-631: A budget resolution, selected representatives and senators negotiate a conference report to reconcile differences between the House and the Senate versions. The conference report, in order to become binding, must be approved by both the House and Senate. Because the budget resolution is a concurrent resolution , it is not signed by the President and "does not have statutory effect; no money can be raised or spent pursuant to it". The budget does not determine
138-501: A continuing resolution for the Department of Homeland Security through February 2015. The House passed a two-day continuing resolution (a "CR" for short) at the same time, to prevent a government shutdown until the Senate could take action. On February 27, 2015, a one-week continuing resolution was passed just hours before the Department of Homeland Security was to shut down. The full-year appropriations bill for Homeland Security
184-543: A decision if we're going to protect tax breaks for the wealthiest Americans or if we're going to make smart investments necessary to create jobs and grow our economy and expand opportunity for every American." Speaker of the House John Boehner (R-OH) called Obama's proposal "his most irresponsible budget yet," arguing that "American families looking for jobs and opportunity will find only more government in this plan." The Speaker also that said that "this budget
230-550: A failed policy are killing the neighborhoods around them". HUD Assistant Secretary for Fair Housing Roberta Achtenberg has been quoted as saying "HUD walks a tightrope between free speech and fair housing. We are ever mindful of the need to maintain the proper balance between these rights." Libertarian critic James Bovard commented that, "The more aggressive HUD becomes, the fewer free speech rights Americans have. Many words and phrases are now effectively forbidden in real estate ads... Apparently, there are two separate versions of
276-542: A proposal to tax large banks with $ 56 billion in "financial crisis responsibility fees." Obama proposes to increase from $ 500 to $ 1,000 the maximum earned income tax credit for childless low-income workers. Doing this would cost $ 116 billion over the next 10 years. Obama's proposal includes provisions involving universal pre-kindergarten, Head Start, and more Race to the Top grants. The proposed funding would pay for 100,000 new public school teachers. He also proposed capping
322-536: A spending request submitted to the U.S. Congress which recommends funding levels for the next fiscal year . The fiscal year in the United States is the 12-month period beginning on October 1 and ending on September 30 of the next calendar year. Current federal budget law ( 31 U.S.C. § 1105 (a)) requires that the President submit his or her budget request between the first Monday in January and
368-625: A thing for you." The Republican Study Committee offered their own budget proposal, one that would spend only $ 2.8 trillion. This budget proposal was defeated by a combination of all Democrats with 97 Republicans. The final vote total was 133–291. This budget proposal would balance the federal budget in four years, in comparison to the Ryan proposal, which balances in 10 years. The conservative advocacy group Heritage Action urged Representatives to vote for this budget, while Democrats argued that this proposal cut too much spending. The Democratic Caucus in
414-482: Is "a compilation of numbers about the revenues, spending, and borrowing and debt of the government. Revenues come largely from taxes, but stem from other sources as well (such as duties, fines, licenses, and gifts). Spending involves such concepts as budget authority, obligations, outlays, and offsetting collections." The process of creating a federal budget often publicly begins with the President 's budget proposal,
460-674: Is "to increase homeownership , support community development and increase access to affordable housing free from discrimination." Secretary of Housing and Urban Development is a Level I position in the Executive Schedule , thus earning a salary of US$ 246,400, as of January 2024. As of March 22, 2024, Adrianne Todman is the acting secretary of housing and urban development. Democratic (9) Republican (9) United States Department of Housing and Urban Development The United States Department of Housing and Urban Development ( HUD )
506-549: Is a clear sign this president has given up on any efforts to address our serious fiscal challenges that are undermining the future of our kids and grandkids." Senator Jeff Sessions (R-AL), the ranking member on the Senate Budget Committee said that "it's disappointing that the president produced a campaign document instead of putting forth a serious budget blueprint that makes the tough choices necessary to get our fiscal house in order." Reuters referred to
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#1732800881171552-594: Is a governing document" and that this was "a budget he would implement in an ideal world." On April 1, 2014, House Budget Committee chairman Paul Ryan unveiled the Republican budget plan. The plan would cut $ 5 trillion in spending over 10 years, and envisions that increases in economic growth would increase tax revenue and balance the budget by 2024. Under the plan, 10-year military spending would increase by $ 483 billion, while nondefense discretionary spending would decrease by $ 791 billion. The budget would also repeal
598-461: Is appointed by the President and subject to Senate confirmation. He or she is responsible for conducting and supervising audits , investigations, and inspections relating to the programs and operations of HUD. The OIG is to examine, evaluate and, where necessary, critique these operations and activities, recommending ways for the department to carry out its responsibilities in the most effective, efficient, and economical manner possible. The mission of
644-433: Is one of the executive departments of the U.S. federal government . It administers federal housing and urban development laws. It is headed by the secretary of housing and urban development , who reports directly to the president of the United States and is a member of the president's Cabinet . Although its beginnings were in the House and Home Financing Agency, it was founded as a Cabinet department in 1965, as part of
690-646: The Bipartisan Budget Act of 2013 , but he also suggests an additional $ 55 billion worth of spending. President Obama's budget proposal only addresses about a third of the federal government's total estimated spending for fiscal year 2015. The federal government's total estimated spending would be $ 3.5 trillion, while Obama's budget only addresses $ 1.014 trillion. The difference was due to most government spending being non-discretionary spending for entitlement programs such as Social Security , Medicare , and Medicaid . The President's proposal calls for
736-532: The OMB website . The budget the President submits was a request only. However, some people consider "the power to formulate and submit the budget... a vital tool in the President’s direction of the executive branch and of national policy." The President's budget request can influence the decisions made by Congress; the degree of influence changes based on political and fiscal factors. President Obama's budget proposal
782-582: The Public Service Loan Forgiveness program. The President's plan states that the passage of his proposed immigration law, the Border Security, Economic Opportunity, and Immigration Modernization Act of 2013 , would generate $ 158 billion worth of savings due to increased government revenues from taxing immigrants. Explaining some of the choices he made in his budget proposal, President Obama said that "we've got to make
828-650: The United States Army to decrease in size to the smallest it has been since before World War II . The number of active-duty soldiers would drop from 490,000 today to 440,000 over the next five years. At the height of the Iraq War , there were about 570,000 soldiers. Obama's plan would also get rid of the A-10 airplane. The total military budget would be about $ 496 billion, which was the same amount as fiscal year 2014. The United States Department of Defense
874-467: The " Great Society " program of President Lyndon B. Johnson , to develop and execute policies on housing and metropolises. The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York Governor Nelson A. Rockefeller. The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of
920-445: The 2015 United States federal budget. President Obama's proposed budget was for $ 3.9 trillion. President Obama's budget proposal was described as being full of "populist proposals" and as a "populist wish list." The proposal was not seen as a politically practical measure that would be used or taken seriously by Congress. The White House described this budget as "a budget he would implement in an ideal world." The President's budget
966-634: The Affordable Care Act, including reversing its expansion of Medicaid, and cap the food stamp program. Republicans had previously considered not drafting a budget plan because the Bipartisan Budget Act of 2013 was considered to have largely settled disputes about budget levels, but House conservatives had insisted that a plan be drafted that would support them in the upcoming 2014 elections. As of April 1, Senate democrats did not plan to draft their own budget. The Ryan plan used an accounting mechanism called dynamic scoring, which attempts to predict
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#17328008811711012-475: The Bill of Rights -- one for private citizens and the other for federal bureaucrats and politicians". In 2006, The Village Voice named HUD "New York City's worst landlord" and "the #1 worst in the United States" based upon decrepit conditions of buildings and questionable eviction practices. In September 2010, HUD started auctioning off delinquent home mortgage loans, defined as at least 90 days past due, to
1058-401: The House also offered their own budget proposal, one that was rejected in the House in a vote of 163–261 on April 10, 2014. The Democratic Caucus's budget proposal had 31 Democrats vote against it. The proposal would have spent $ 3.1 trillion in 2015 and was considered similar to the plan offered by President Obama. The plan had provisions to extend unemployment insurance for another year and raise
1104-587: The Office of Inspector General (OIG) is to: The OIG accomplishes its mission by conducting investigations pertinent to its activities; by keeping Congress, the Secretary, and the public fully informed of its activities, and by working with staff (in this case of HUD) in achieving success of its objectives and goals. The Honorable Rae Oliver Davis, who was appointed on January 23, 2019, is the current Inspector General. The Department of Housing and Urban Development
1150-418: The actual spending of the federal government. Instead, the budget establishes the amounts that appropriations subcommittees are allocated to spend (called 302(b) allocations) on the various agencies, departments, and programs within the purview of each. The twelve regular appropriations bills or, in their absence, a continuing resolution or omnibus spending bill , must be enacted by October 1 in order to fund
1196-608: The completion of a special study group report on the federal role in solving urban problems. HUD is administered by the U.S. Secretary of Housing and Urban Development . Its headquarters is located in the Robert C. Weaver Federal Building . Some important milestones for HUD's development include: The major program offices are: The United States Congress enacted the Inspector General Act of 1978 to ensure integrity and efficiency in government. The Inspector General
1242-677: The department's lax oversight of their program allowed the fraud to occur. In 1997, the HUD Inspector General issued a report saying: "The program design encourages risky property deals, land sale, and refinance schemes, overstated property appraisals, and phony or excessive fees." In June 1993, HUD Secretary Henry Cisneros admitted that "HUD has in many cases exacerbated the declining quality of life in America." In 1996, Vice President Al Gore , referring to public housing projects, declared that, "These crime-infested monuments to
1288-423: The federal minimum wage to $ 10.10. Rep. Mick Mulvaney (R-SC) criticized the proposal, saying that Democrats are "encouraging us to borrow more, and borrow more, and borrow more, and never lay out any plan whatsoever for paying that money back to the children from whom we are borrowing it". The Congressional Black Caucus's budget proposal would spend $ 3.26 trillion, reverting the cuts to food stamps and lengthening
1334-706: The first Monday in February. In recent times, the President's budget submission has been issued in the first week of February. Congress can, and often does, work on its own proposals independently of the President. The congressional budget resolutions are under the jurisdiction of the United States House Committee on the Budget and the United States Senate Committee on the Budget . Traditionally, after both houses pass
1380-579: The government through a continuing resolution through December 11, 2014. On September 17, 2014, the House passed the bill 319–108, and on September 18, 2014, the United States Senate passed it 78–22. On December 11, 2014, the House passed the Consolidated and Further Continuing Appropriations Act, 2015 , popularly called the "cromnibus" bill, combining an omnibus spending bill funding the federal government through October 2015, with
1426-471: The government, regardless of whether a budget resolution is ever agreed to in Congress. House rules allow the House to begin considering appropriation bills after May 15 whether a budget resolution has been agreed to or not. President Barack Obama submitted his fiscal year 2015 budget request on March 4, 2014. This budget proposal was one of several proposed budgets considered in the process of creating
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1472-464: The highest bidder. It sold 2,000 loans in six national auctions. In 2012, this sale was massively increased under a "Distressed Asset Stabilization Program" (DASP), and the 100,000 loans sold as of 2014 have netted $ 8.8 billion for the FHA, rebuilding cash reserves that had been depleted by loan defaults. The second stated and eponymous objective is to stabilize communities, by requiring purchasers to service
1518-427: The loans in a manner that stabilizes the surrounding communities by getting the loans to re-perform, renting the home to the borrower, gifting the property to a land bank or paying off the loans in full. An audit published August 2014 found "only about 11 percent of the loans sold through DASP [were] considered 're-performing'". "Rather than defaulting—[FHA] keeps many of the properties they’re tied to from going through
1564-556: The macroeconomic fiscal impact of the policy changes, which was not typically included in budget proposals. Newspaper The Hill called Ryan's proposal the "mainstream GOP budget," contrasting it to other Republican alternatives such as the budget proposal offered by the Republican Study Committee. Rep. Jim McDermott (D-WA) criticized this proposal, saying "the Republican budget asks not what you can do for your country, but proclaims your country refuses to do
1610-680: The mid-term elections in November 2014 and the ongoing campaigns for re-election, Congress was not expected to act on many of Obama's proposals. Politico reported that "very little of it is expected to become law - or even be seriously considered via legislation on Capitol Hill." Even the Obama Administration itself admitted that this budget proposal was not expected to be used to build a budget. Politico reported that "the White House isn't even pretending that this year's budget
1656-415: The populist programs include more spending on pre-school education, tax credits for childless low-income workers, and more than $ 1 trillion in new and higher taxes. The President's proposal was also considered a "playbook" for Democrats' "election-year themes of creating jobs and narrowing the income gap between rich and poor." According to Obama, his proposal adheres to the spending limits established by
1702-528: The time period over which people can receive unemployment insurance. Their proposal was voted against in a vote of 116–300. Of the six budget proposals that received votes in the House, this was the proposal that would have spent the most money in 2015. The Congressional Progressive Caucus proposal would spend $ 3.2 trillion and included higher taxes on millionaires. It would also end the sequester. The House voted against this proposal 89–327 on April 9, 2014. The Continuing Appropriations Resolution, 2015 funded
1748-429: The top seven legislative priorities for the administration in internal documents. The department was established on September 9, 1965, when Lyndon B. Johnson signed the Department of Housing and Urban Development Act into law. It stipulated that the department was to be created no later than November 8, sixty days following the date of enactment. The actual implementation was postponed until January 14, 1966, following
1794-401: The typical foreclosure process. As a result, the FHA might actually be diverting housing stock from first-time homebuyers, the very group it was formed to serve..." 2015 United States federal budget The government was initially funded through a series of three temporary continuing resolutions . Final funding for the government with the exception of the Department of Homeland Security
1840-476: The yearly requirement that the President submit a budget proposal as an "annual ritual," saying that as soon as it would be released, "lawmakers will promptly ignore it." However, the proposal does "highlight" policy proposals and allow Democrats to contrast their plans with those of Republicans. The Associated Press reported that many of Obama's suggested new taxes have been ignored in the past by Congress, as have many of his ideas for increased spending. Due to
1886-479: Was a "comprehensive assembly of the White House's policy proposals and economic projections." President Obama did not release his 2015 budget proposal until March 4, 2014, a delay he said was due to the need to wait for the Bipartisan Budget Act of 2013 to be agreed to in December 2013. President Obama's budget proposal was described as being full of "populist proposals" and as a "populist wish list." Some of
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1932-517: Was asking in its budget to have some bases closed in 2017 and have a smaller pay increase for the troops. The President's proposal "would raise $ 651 billion by limiting tax deductions for the nation's highest earners" and by adding a " Buffett tax " that would set up minimum tax levies on the highest-earning Americans. Obama's budget would also increase the taxes on "large estates, financial institutions, tobacco products, airline passengers and managers of private investment funds." The budget includes
1978-535: Was authorized a budget for Fiscal Year 2015 of $ 48.3 billion. The budget authorization is broken down as outlined in the following chart. A scandal arose in the 1990s when at least 700 houses were sold for profit by real estate speculators taking the loans; at least 19 were arrested. The scandal devastated the Brooklyn and Harlem housing market, with $ 70 million in HUD loans going into default . Critics said that
2024-493: Was enacted as an omnibus spending bill , the Consolidated and Further Continuing Appropriations Act, 2015 , enacted on December 16, 2014. Homeland Security was funded through an additional two continuing resolutions, and its final funding was enacted on March 4, 2015 as the Department of Homeland Security Appropriations Act, 2015 . According to the Congressional Research Service , the federal budget
2070-836: Was formulated over a period of months with the assistance of the Office of Management and Budget , the largest office within the Executive Office of the President . The budget request includes funding requests for all federal executive departments and independent agencies for the following year. Budget documents include supporting documents and historical budget data and contains detailed information on spending and revenue proposals, along with policy proposals and initiatives with significant budgetary implications. In addition, each federal executive department and independent agency provides additional detail and supporting documentation on its own funding requests. The documents are also posted on
2116-572: Was passed on March 3, after Republican House leadership dropped demands to attach provisions rolling back Obama's executive actions on immigration . (In billions of dollars) : These tables are in billions of dollars. A green cell represents an increase in spending, while a red one indicates a decrease in spending. Outlays represent funds actually spent in a year; budget authority includes spending authorized for this and future years. Function Title 2014 enacted 2015 Presidential request 2015 Republican proposal * The Global War on Terror
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