Sentences with phrase «federal budget crisis»

The SNA Executive Board founded the PAC on the heels of the 1981 federal budget crisis that resulted in deep cuts in federal child nutrition program budgets.

The 15 - minute outdoor wedding was full of jokes, and the mayor warned that couple, both senior members of his staff, will have to put their honeymoon on hold due to the looming federal budget crisis.

The SNA Executive Board founded the PAC on the heels of the 1981 federal budget crisis that resulted in deep cuts in federal child nutrition program budgets.

Not exact matches

However, when the total federal budget is roughly $ 4 trillion, that grant funding looks a little less like an adequate response to a crisis.

He oversaw the $ 40 - billion fiscal stimulus package that helped the Canadian economy weather the financial crisis, then guided the federal budget back toward balance.

The cliff is the default outcome of the Budget Control Act of 2011, a federal statute that helped bring the U.S. debt - ceiling crisis to an end.

If you listen to the latest buzz, House Republicans are now thinking of triggering a crisis over the debt - ceiling debate, likely coming up in late October, rather than the federal budget.

Posted by Nick Falvo under Bank of Canada, budgets, China, Conservative government, deficits, economic crisis, economic growth, employment, exchange rates, federal budget, fiscal policy, global crisis, household debt, IMF, interest rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.

Canada's economy will not fully recover until 2013 and the federal government will carry a structural budgetary deficit of C$ 19 billion ($ 17.6 billion) after the crisis, a report by the parliamentary budget officer said on Monday... «PBO calculations continue to suggest that the budget is not structurally balanced over the medium term,» the report said.

Back in August — with the Greek debt crisis escalating and U.S. political gridlock on budget policy frightening investors everywhere — Flaherty was pressed by NDP finance critic Peggy Nash to consider pumping some federal cash into the vulnerable Canadian economy.

That is, will the legislation require that surpluses be realized during normal economic times to offset the run up in federal debt during the economic crisis or that only balanced budgets are required?

Based on the March 2013 Budget forecast, it will have taken the Government eight years to offset the fiscal impact of the 2008 — 2009 financial crisis (an increase in the federal debt of $ 172 billion).

Posted by Arun DuBois under banks, budgets, deflation, economic crisis, economic growth, economic literacy, federal budget, fiscal policy, global crisis, monetary policy, recession, Role of government.

The federal government is not confronted with a short - term fiscal crisis but it is facing a stubborn medium - term structural deficit that will prevent you from balancing the budget by 2015 - 16, without new expenditure cuts and / or tax increases.

Posted by Arun DuBois under asset backed commercial paper, banks, economic crisis, federal budget, fiscal policy.

If you want to understand why the federal government has clocked deficits in every single year since the 2008/09 financial crisis, save one (2015), and why there won't be another black - ink budget until at least the mid-2020s, look at the pre-budget picture with Finance Minister Bill Morneau where he changes his shoes.

Forecasters tended to overestimate the drag from federal budgets deficits during the late 1980s, the banking crisis in the early 1990s, and most of the subsequent crises that we faced during the past two decades.

The breakdown of the separation of powers has generated a low - intensity constitutional crisis in which the President is effectively deprived of command over the executive branch and the federal budget.

This funding can come in the form of a state reimbursement for free and reduced price meals paid on top of the Federal reimbursement; for example, the state of California is supposed to give schools an extra.219 for every meal served to a qualifying low income child (in fact, due to the ongoing budget crisis in California, that reimbursement has not always been paid for every qualifying meal in recent years.)

He speaks on issues in 2016 budget, the need for the Federal Government to prevent currency crisis in Nigeria, the decline in Nigeria's foreign trade by N2.5 trillion and depreciation of the naira.

Worldwide, markets have been roiled thanks in part to the ongoing Greek debt crisis, but also the United States's own issues with government debt and the federal government's inability to determine how to close the budget deficit.

This was just as the Minister of Budget and National Planning Udo Udoma said on Monday the Federal Government will use the current economic crisis to change the country's economy for good.

Representative Chris Gibson (Republican - Kinderhook) and Representative Paul Tonko (Democrat - Amsterdam), two upstate congressmen, discuss the crisis in Syria and whether the United States should intervene, the chances we get a farm bill by the end of September and the looming showdown on the federal budget.

DiNapoli says the stock market, as well as the nation's economy faces numerous uncertainties, including the on going European debt crisis, and the so - called fiscal cliff in the federal budget, that the President and Congress have set up to occur at the end of this year, when they must make some tough spending and taxing decisions.

The economic crisis has severely affected many autonomous regions, and the federal government recently announced a public - sector hiring freeze and a cut of $ 600 million in the country's research budget.

Normand also revealed that he would meet with federal Finance Minister Paul Martin and Brzustowski early in November to discuss the budget crisis and a multiyear strategy for funding.

Citing the current budget crisis, Senator John Thune (R - SD) wanted to know if, based on Wieman's critique, «the dollars being spent by the federal government to improve STEM education are being wasted.»

The stalemate over a solution to the Chicago schools» budget crisis continued last week, as a federal judge gave the system another 10 days to operate without a balanced budget.

And right now, with the federal government in the midst of a budget crisis, there doesn't seem to be a lot of extra cash on the...

There were budget crises, polarizing politics, debt - ceiling debacles, federal government shutdowns, and threats of austerity.

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

* This evaluation is based on a well - established pattern of budget surpluses at the federal level, except during exceptional circumstances such as the financial crisis, leading to declining government debt and debt ratios since the 1990s

At least in America where dispite the fact that 2 out of every 4 dollars the U.S. Federal government spends is borrowed, Conservatives continue to demand that they are over taxed and that tax cuts — what has produced America's $ 14 trillion dollare debt — are the solution to the budget crisis.

Both the President's Office of Management and Budget and Congress's Government Accountability Office also say we need a strategic federal plan to address climate crisis.

In growing opposition to Federal Budget health measures, Aboriginal and Torres Strait Islander health leaders met in Canberra today for crisis talks about the implications of last week's Federal Budget and have called for proposed GP and other co-payments to be scrapped, saying they risk widening the gap between Indigenous and non-Indigenous health.

«Despite the ongoing crisis in incarceration rates, child removal rates and the overall slow progress towards closing the gap in health and wellbeing outcomes for Aboriginal and Torres Strait Islander peoples, the Turnbull Government has failed in its first opportunity to restore the cuts made by the Abbott Government in the 2014 Federal Budget to Aboriginal and Torres Strait Islander Affairs funding.

This budget crisis is also putting at risk millions upon millions of federal dollars; in home visiting funds alone, the state is at risk of losing $ 40 million in federal funding.

Efforts to limit or eliminate the mortgage interest deduction, do away with the government - sponsored secondary mortgage market, or require 20 percent down for an affordable mortgage are just a few of the ways the financial crisis and today's federal budget debate are upending the generations - old consensus in Washington about the central place of home ownership in the United States.

The Obama administration's proposed outline for the federal government's fiscal 2010 budget could very well spark a second housing crisis even before our current crisis is resolved.