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Tag: federal budget

2025 outlook for CRE

CRE Leaders: What’s on Our Minds for 2025

  • February 10, 2025
Mark Zandi, chief economist at Moody's Analytics, shared an overview of the macroeconomic environment and potential policies of the new administration on a recent webinar hosted by Marcus & Millichap. A panel discussion followed that included NAIOP President and CEO Marc Selvitelli.
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Government building marble columns

2025 Legislative Expectations within State Capitols

  • January 15, 2025
State lawmakers have started to return to their respective state capitols to begin the lawmaking process following the 2024 election. While the election resulted in a few shifts of political control in some chambers between Republicans and Democrats, the “status quo” was essentially maintained according to the National Conference of State Legislatures. This would imply a more a predictable and business-as-usual session within state capitols on the issues with one exception: the return of President-elect Trump to Washington, D.C.
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What’s Inside the 2024 Government of Canada Budget

  • May 1, 2024
The Canadian government tabled its 2024 federal budget on April 16. The federal budget outlines a broad list of spending and tax measures to be implemented in the coming year. In broad macroeconomic terms, this budget lays out a path of significant spending increases, deficit projections well into the future, and tax increases to offset some of the spending.
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Capitol building

President Joe Biden’s Opening Shot in 2025 Tax Fight

  • April 3, 2024
On March 11, President Joe Biden submitted his FY 2025 Proposed Budget to Congress. Unlike prior year budget proposals, this one is a setup for an unavoidable tax debate in 2025, when many of the tax provisions enacted during the Trump administration in the Tax Cuts and Jobs Act of 2017 will expire.
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Capitol building

An Action-packed Week in Washington

  • March 6, 2024
The quest to approve federal funding continued during another busy week in Washington, where lawmakers took up a $435 billion funding package that includes the FDA and a number of other departments. Also this week, 16 states and American Samoa held presidential primary elections, with 854 Republican and 1,420 Democratic delegates at stake.
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Capitol building

Congress Avoids Government Shutdown but Must-Pass Legislation Remains

  • December 6, 2023
For the first December in recent years, Congress is no longer facing a government shutdown deadline. Prior to the Thanksgiving recess, Congress approved a two-tiered appropriations package. This “laddered” approach primarily funds domestic programs (such as housing, agriculture, transportation and infrastructure) until Jan. 19, 2024, and the remaining programs, including defense and homeland security, until Feb. 2, 2024. Year-end 2023 is not without its share of must-pass legislation, however.
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Capitol building in the fall

New House Speaker Johnson Faces Many Challenges

  • November 1, 2023
Following three weeks of negotiations and squabbling, House Republicans elected Louisiana Representative Mike Johnson to serve as the 56th Speaker of the House. This was a difficult time for House Republicans, who struggled to find a new speaker after eight of their members joined all House Democrats to abruptly oust McCarthy on Oct. 3.
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Capitol Hill hallway

Congress Fires Its Speaker

  • October 4, 2023
On Tuesday, Kevin McCarthy became the first speaker in the history of the United States to be removed from his office when eight Republicans, led by Rep. Matt Gaetz, and all 208 Democrats present in the House voted to support the motion to vacate. The final vote was 216- 210.
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