Sentences with phrase «federal budget deficits by»

The GOP bill including some changes would increase federal budget deficits by $ 1.7 trillion over 10 years, according to Joint Committee on Taxation estimates shared by the nonpartisan Congressional Budget Office.

Low rates could also help shrink the federal budget deficit by easing the government's borrowing costs and generating tax revenue from stronger growth, Bernanke argued.

According to Congressional Budget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern border.

It also includes cuts to non-defense spending designed to lower the federal budget deficit by more than $ 3 trillion over the next decade.

The measure also contains language that commits Mr. Clinton to work with Congress toward passing legislation this year that would erase the federal budget deficit by 2002.

The automatic cuts to education and many other federal programs, known as «sequestration,» were intended as an incentive for lawmakers to reach an agreement on lowering the federal budget deficit by $ 1.2 trillion, but were triggered when Congress failed to do so in late 2011.

The law increases the current federal budget deficit by about $ 1 trillion, according to the Congressional Budget Office.

Not exact matches

Canada's new Federal Balanced Budget Act allows for budgetary deficits when a recession is «has occurred, is occurring or is forecast» — a condition met by TD's recession projections.

Others, like Sens. Jeff Flake and Bob Corker, wavered over the amount by which the bill is expected to raise the federal budget deficit.

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.

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.

However, a budget deficit that takes the form of transfer payments to banks, as in the case of the post-September 2008 bank bailout, the Federal Reserve's $ 2 trillion in cash - for - trash financial swaps and the $ 700 billion QE2 credit creation by the Federal Reserve to lend to banks at 0.25 % interest in 2011, has a different effect from deficits that reflect social spending programs, Social Security and Medicare, public infrastructure investment or the purchase of other goods and services.

Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.

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.

Reining In Rates O'Neil, one of the managers of the $ 26 billion Fidelity Total Bond Fund, said rising bond yields could be reined in by at least three forces: Federal Reserve Chair Janet Yellen's commitment to a very gradual program of rate hikes, the traditional aversion to budget deficits by the Republican - controlled Congress, and buying by overseas investors who may use the recent jump in rates to snap up more Treasuries.

After inheriting a surplus the government immediately cut the GST by two points, and in doing so created a structural deficit and an unsustainable fiscal situation, which then required significant spending cuts in the 2010, 2011 and 20012 budgets in order to put the federal finances back on a sustainable path.

In the 2006 Budget, the government promised to reduce the deficit by $ 3 billion per year; to reduce the federal debt - to - GDP ratio to 25 per cent by 2012 - 13; to eliminate the total government sector debt (which includes the federal, provincial and local governments as well as the Canada and Quebec pension plans) by 2021; and finally, to keep the growth in program expenses below the rate of growth in nominal GDP.

I'm not sure how Obama thinks he can smooth this one by all Federal taxpayers outside of the State of Illinois (which itself is running something like an admitted $ 21 billion budget deficit).

Posted by Nick Falvo under Bank of Canada, banks, budgets, Conservative government, consumers, deficits, economic growth, economic models, economic thought, employment, Europe, exchange rates, federal budget, fiscal policy, household debt, housing, inflation, interest rates, monetary policy, oil and gas, prices, Role of government, social indicators, tar sands, US.

It should not have come to anyone's surprise that the announcement by the Prime Minister that the federal deficit for 2013 - 14 was $ 5.2 billion, substantially lower than the $ 16.6 billion forecast in the February 2014 budget.

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.

A senior Democratic aide said the party's position is that emergency spending need not be offset by cuts elsewhere in the federal budget, making Pelosi's statement a challenge to Republicans who have insisted that previous aid packages not add to the federal budget deficit.

Posted by Marc Lee under budgets, debt, deficits, federal budget, macroeconomics, public services, Role of government, stimulus, taxation, US.

Independent groups like the Committee for a Responsible Federal Budget anticipate the deficit will hit $ 1 trillion by next year, a record level at a time when unemployment is so low.

The bottom line is that after the prolonged tax giveaway exacerbates the federal budget deficit — along with the balance - of - payments deficit — we can expect the next Republican or Democratic administration to step in and «save» the country from economic emergency by scaling back Social Security while turning its funding over, Pinochet - style, to Wall Street money managers to loot as they did in Chile.

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.

Posted by David Macdonald under Austerity, budgets, deficits, economic growth, federal budget.

Posted by David Macdonald under deficits, economic growth, federal budget, public services, unemployment.

Posted by Angella MacEwen under budgets, climate change, deficits, Employment Insurance, federal budget, fiscal policy, labour market.

The deal is expected to add around $ 320 billion to the deficit over a decade, according to estimates by the Committee for a Responsible Federal Budget.

The national debt is the total amount owed by the government and should not be confused with the federal budget deficit, the annual amount by which federal spending exceeds revenue.

He ignored the recommendations of his own bipartisan deficit reduction commission, proposed a federal budget that was so political it was rejected 97 - 0 by the Senate, reneged on a deficit compromise last summer and went AWOL on the supercommittee deliberations.

«She is encouraged that the Congressional Budget Office says the American Health Care Act will lower premiums by 10 percent, reduce the federal deficit by $ 337 billion, and lower taxes by $ 883 billion, providing significant tax relief for middle - income families and small business owners.

«The report also rightly identifies the significant risk to federal revenues, which is why the budget includes prudent language — long supported by rating agencies and good governance groups — to help the State manage mid-year deficits.»

The Congressional Budget Office says the American Health Care Act would reduce the federal deficit over the 2017 - 2026 period by $ 119 billion, but also leave 23 million Americans without insurance, while at the same time lower the average insurance premiums.

[The Congressional Budget Office projected the immigration bill passed by the Senate in 2013 would boost the economy and reduce the federal deficit, while slightly reducing wages.

«We know they're facing a $ 4 billion budget deficit in addition to the issues associated with the impact to New York by the federal tax reform bill,» said Poloncarz.

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.

New York (CNNMoney.com)- Congressional budget scorekeepers said that a grab - bag bill of spending and tax measures to be taken up this week would increase federal deficits by $ 134 billion over a decade.

Gov. David Paterson says he will continue to press for union concessions to close a $ 9.2 billion budget deficit, despite a federal order to put off the furlough plan won by four unions.

The Congressional Budget Office and the Joint Committee on Taxation have estimated the bill would slash federal deficits by $ 337 billion between 2017 - 26.

«As the 2nd most conservative member of the New York State Assembly in rankings by the New York State Conservative Party and the # 1 Legislator in scoring by Unshackle Upstate, a New York reform organization, I know we need to slash federal spending, balance the budget, end the bailouts, take leftover money from the Obama stimulus package to pay down the deficit and support repealing Obamacare.

As you know, the significance of outyear budget projections has been growing in recent years, as Congress and the President seek, by somewhat different paths, to eliminate the federal deficit and balance the budget.

But he says it was the culmination of a soul - sapping and ultimately unsuccessful battle with the Office of Management and Budget (OMB) on how to accommodate the rising cost of the James Webb Space Telescope within an overall agency budget being squeezed by efforts to reduce federal spending and shrink the deBudget (OMB) on how to accommodate the rising cost of the James Webb Space Telescope within an overall agency budget being squeezed by efforts to reduce federal spending and shrink the debudget being squeezed by efforts to reduce federal spending and shrink the deficit.

Although the net effect of the various research measures was essentially a flat - lined science budget, the community was grateful that the government decided to delay by a year its efforts to rein in the federal deficit.

The reduction, required by the failure of policymakers to abide by the terms of a 2011 law designed to reduce the federal deficit over the next decade, reduced the lab's budget this year by $ 100 million, to $ 1.5 billion.

Overall, the budget released by Prime Minister Tony Abbott's conservative government, elected this past September, is aimed at slashing the federal government's long - term spending deficits.

This bill threatens federal aid for needy students by exploding the budget deficit, puts pressure on municipalities via decreased home values and loss of property tax deductions, and puts pressure on states via loss of income tax deductions.

The Congressional Budget Office estimated late Friday that the revised measure would increase federal deficits by $ 1.455 trillion over 10 years, a projection that's slightly higher than for the version Corker opposed previously.