Sentences with phrase «dollar federal budget deficits»

Q: Will Congress» approval of trillion - dollar federal budget deficits this year and next and perhaps into the future be good for the economy?

Not exact matches

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

Chapman expects it will develop into a prolonged recession caused largely by the bursting of the housing bubble and the weakness in the dollar attributable to the United States» large federal budget deficit and international trade imbalance.

At the time he spoke the new US Federal Budget hadn't been agreed on, and with a US$ 1 trillion dollar deficit to finance, the warnings he delivered are more relevant than ever.

Revenues from the ongoing Wall Street rally will be a «bright spot» heading into potentially difficult state budget talks complicated by the federal tax overhaul, but New York government leaders shouldn't count on stock market gains to cover a deficit projected to be in the billions of dollars, the state's top fiscal officer said Tuesday.

WASHINGTON (AP)-- The House moved swiftly early Friday to reopen the federal government and pass a $ 400 billion budget deal, overcoming opposition from both liberal Democrats and tea party conservatives to endorse enormous spending increases despite looming trillion - dollar deficits.

While federal cuts to education would cause all districts to either reduce services or compensate for deficits with state or local dollars, Trump's proposed budget would have the most severe impact on districts with high concentrations of poverty and other challenges.

He does support cutting down on the federal budget (meaning federal education programs); for instance, he once complained, «An increasing deficit and an ever - growing 19 trillion dollar national debt, despite a volley of tax increases, prove this administration is committed to spending us into oblivion.»

1971 Termination of gold / dollar convertability 1973 - 74 Oil crisis 1974 Budget and Impoundment Control Act 1979 Volcker appointed chairman of Federal Reserve 1980 - 82 Early 80s Recession 1981 Omnibus Budget Reconciliation Act 1985 Balanced Budget and Emergency Deficit Control Act 1987 Budget and Emergency Deficit Control Reaffirmation Act 1989 - 92 End of the Cold War 1990 Budget Enforcement Act 1990 - 92 Early 90s Recession 1992 Presidential Election 1993 Omnibus Budget Reconciliation Act 1994 Midterm Elections 1995 - 96 Government Shutdown 1997 Balanced Budget and Taxpayer Relief Act 2001 Economic Growth and Tax Relief Reconciliation Act 2003 Jobs and Growth Tax Relief Reconciliation Act 2001 - present War on Terror 2007 - 09 Financial Crisis 2008 Emergency Economic Stabilization Act 2009 American Recovery and Reinvestment Act

Doll believes the federal budget deficit will rise in dollars and as a percentage of GDP for the first time in seven years.