This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

An Agency-by-agency Guide To Obama's 2014 Budget

Mandatory Spending: $67.6 billion

Highlights: The Pentagon is proposing savings mainly through ending or shrinking certain weapons programs, shaving health care benefits and reducing military construction. It also would slow the pace of military pay raises. Spending would otherwise be largely the same in all major categories as in 2013.

The budget proposal calls on Congress to approve a round of domestic military base closings in 2015, which would cost an estimated $2.4 billion in the short run but save an unspecified amount over the long term.

Although the U.S. is winding down its role in Afghanistan, the Pentagon faces enormous costs of pulling out its troops. The 2014 budget includes a "placeholder" figure of $88.5 billion for war costs, although that number is expected to be revised down slightly once the White House makes more decisions about the pace of 2014 troop withdrawals. The budget assumes that the U.S. will have 34,000 troops in Afghanistan at the end of the budget year in September, down from the current 63,000.

___

Agency: Education

Total Spending: $56.7 billion

Percentage Change from 2013: 10.8 percent decrease

Discretionary Spending: $71.2 billion

Mandatory Spending: $0

Highlights: Obama's proposed education budget calls for expanded programs for young people before they reach kindergarten and offered Congress two options to consider: a $750 million preschool program for 4-year-old students from four-member families earning $47,100 or less; or a more expansive $2 billion option that would provide universal access to pre-school programs, with incentives for states to offer programs for all families. The proposal requires that up to 5 percent of those funds be used to measure student achievement and collect data.

The president's preschool plan would be paid for by a higher tax on tobacco, which the administration said would raise $78 billion over a decade by almost doubling the federal tax on cigarettes to $1.95 per pack.

3 of 18

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,291.61 +25.62 0.15%
S&P 500 2,010.02 -1.34 -0.07%
NASDAQ 4,573.8680 -19.5570 -0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs