Sentences with phrase «agreed on a deficit reduction»

There is much concern in Washington about the impending «fiscal cliff» of severe cuts to federal programs that will automatically result if Congress and the Obama administration can not agree on a deficit reduction plan by the end of this year.

Not one dime of classroom spending was lost as Gov. David Paterson and state legislators agreed on a deficit reduction package.

Not exact matches

The automatic cuts that would go in effect should Congress fail to agree on a second round of deficit reduction exempt Medicaid.

We have therefore agreed that there will need to be: - a significantly accelerated reduction in the structural deficit over the course of a Parliament, with the main burden of deficit reduction borne by reduced spending rather than increased taxes; - arrangements that will protect those on low incomes from the effect of public sector pay constraint and other spending constraints; and - protection of jobs by stopping Labour's proposed jobs tax.

«It's ironic only in the sense that this (park) was already in the pipeline, and there are other projects... that are delayed by the fact that we can't agree on what the deficit reduction is,» he said.

The agreement says: «The parties agree that deficit reduction and continuing to ensure economic recovery is the most urgent issue facing Britain... The parties agree that modest cuts of # 6bn to non-frontline services can be made within the financial year 2010 - 11, subject to advice from the Treasury and Bank of England on their feasibility and advisability.»

But New York's wish list comes as Congress and the White House face a Dec. 31 deadline to agree on a deficit - reduction plan and avoid the so - called «fiscal cliff.»

The legislation, which had overwhelming bipartisan support in both the U.S. House of Representatives and the Senate, requires the president to detail how the administration will implement the $ 1.2 trillion in sequestration cuts to domestic and defense programs scheduled for the start of 2013 if Congress is unable to agree on another deficit - reduction plan before the end of the year.

Just days shy of its December 13 deadline, a bipartisan congressional committee charged with developing a long - term budget solution agreed on a two - year plan (PDF) that addresses sequestration cuts, establishes top - level budget amounts for FY14 and FY15, and allows both Democrats and Republicans to continue negotiating a deficit reduction plan.