Sentences with phrase «current federal budget deficit»
The law increases the current federal budget deficit by about $ 1 trillion, according to the Congressional Budget Office.
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The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public — which has more than doubled relative to the size of the economy since 2007 — and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass.
If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years — reaching the highest level of debt relative to GDP ever experienced in this country.
Such counsel flouts the current policy stance of the federal Conservative government, which is to eliminate the budget deficit next year.
These include: For decades now, year - on - year federal budget deficits have resulted in an out - of - control federal debt load, which represents a clear and substantial danger to current and long - term viability and stability of our Republic.
For decades now, year - on - year federal budget deficits have resulted in an out - of - control federal debt load, which represents a clear and substantial danger to current and long - term viability and stability of our Republic.
Whenever the next update comes out, it probably will show a worsening FY 2018 budget gap, and perhaps even a true potential deficit for the current year — depending on whether Cuomo forces a post-election special session based on his power to cut spending in the wake of big enough drops in federal revenue.
If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $ 642 billion
Amid the current, quite serious concerns about the federal deficit, reaching toward the stars seems a dispensable luxury — as if saving one - tenth of 1 percent of a single year's budget would solve our problems.
Congress also could grant FHA additional authority that would allow it to invest the Fund's current resources in information technology and human capital, but this would increase the federal government's budget deficit.