Sentences with phrase «federal deficit at»

With a trillion - dollar federal deficit at the forefront of legislators» minds, a clamp on spending is not as surprising as the unusually hands - on way in which the NIH portion of the House bill is written.

The provision can not increase the federal deficit at some point in the future, beyond the typical 10 - year «budget window» that is used to evaluate legislation.

Not exact matches

With the federal deficit for 2010 sitting at $ 53.8 billion and most provinces also facing shortfalls, Manley says tax hikes may be the only way to stem the bleeding.

Thirteen months later, with Canadians staring at a $ 56 - billion crater in the government's finances, the minister got testy with reporters who were asking for his response to a report from the Parliamentary Budget Office that predicted a federal deficit of nearly $ 20 billion in 2013 - 14.

Democrats call the Republican proposal a giveaway to corporations at the expense of the middle class, issuing dire warnings about the $ 1 trillion or more it is projected to add to federal budget deficits over a decade.

Even when announcing in November that the federal deficit would come in at $ 26 billion, $ 5 billion higher than predicted in the 2012 budget, the minister couldn't resist gloating: «Unlike many of Canada's counterparts in the G7, we remain on track to return to balanced budgets over the medium term.»

Subsequent research at the Federal Reserve Bank of New York indicates that the link between fiscal deficits and capital inflows is not as strong as commonly suggested.2

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.

In absolute terms, the deficit will be at an all time record high, thereby exposing the federal government to interest rate fluctuations.

In 1994 - 95, the federal deficit stood at $ 36.6 billion, or 4.8 per cent of GDP.

The new federal budget plan matters and is increasing defense and nondefense spending to the tune of $ 300 billion, which would put the fiscal year 2019 deficit at over $ 1 trillion or 6 % of gross domestic product (GDP).

«Making progress on climate change and clean growth is hard and at times slow work, and we can't ignore the fact that Canada is still digging out from a deficit of previous federal inaction.

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.

This policy action eliminated a $ 13 billion surplus left by the previous government, created a structural deficit at the federal level, and an unsustainable long - term fiscal situation for the federal government.

Although bankruptcy would be an imperfect solution to out - of - control state deficits, it's the best option we have, at least if we want to have any chance of avoiding massive federal bailouts of state governments...

While reducing federal spending during an economic slowdown was not the President's preference, he recognized the political realities and undertook a series of negotiations with the Republican Speaker of the House, John Boehner, aimed at achieving a compromise plan to reduce the deficit over time through a combination of spending cuts and revenue increases.

With the federal budget coming soon, it is also worth recalling that the Liberals promised to run deficits of no more than $ 10 - billion for a maximum of three years, but the government's latest projections peg its annual deficits at almost $ 30 - billion with no timeline for returning to a balanced budget.

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.

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.

Yet Republican deficit hawks are balking at an increase in federal spending after the recent passage of the tax reform plan and 2019 fiscal year budget.

This acceleration is partly due to the very expansionary monetary and fiscal policy settings that have been in place for some time, with the federal funds rate at 1 per cent, and the federal fiscal balance swinging from a surplus of 2 1/2 per cent of GDP in 2000 to a 3 1/2 per cent deficit in 2003.

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.

«Reducing the federal deficit is critical for our nation's long term health but it should not be done at the expense of the most vulnerable.

DeFrancisco said the state's $ 4.4 billion projected deficit, combined with potential effects of the federal tax overhaul on New York, will make the next state budget the most difficult one in at least seven years.

Cuomo's eighth State of the State address occurred against a backdrop of widening state deficit that stands at $ 4 billion and counting, a potential $ 2 billion revenue loss in federal aid, a beleaguered New York City subway system, an uneasy State Senate and an flurry of upcoming political - corruption trials.

Cuomo's budget also includes provisions to pass the Child Victims Act, and at least $ 1 billion in new fees and taxes — including on opioids, vaping products, and insurance companies that benefit from the federal tax law — to help close a $ 4.4 billion deficit.

In remarks at the White House, Obama rejected arguments by Republican opponents of the bill that it will increase the federal deficit.

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.

To close the deficit, Cuomo wants at least $ 1 billion in new fees and taxes — including on opioids, vaping products, and insurance companies that benefit from the federal tax law — while increasing spending on education by 3 % and health care by 3.2 %.

Republicans and Democrats have entirely different approaches to the issue, with Republicans willing to slash taxes even at the risk of increasing the federal deficit, and Democrats such as Higgins insisting that tax reform not reduce the amount of money collected by the federal government

But Republicans have insisted the bill, which adds nearly $ 1.5 trillion to the federal deficit, gives many if not most middle - class Americans a tax cut at the same level as the 21 percent corporate benefit, boosting investment, job creation, higher wages and offsetting tax revenues.

The state already is facing a projected deficit of at least $ 4.4 billion that could worsen as a result of the tax bill and prior federal health care cuts.

NYC Health + Hospitals, formerly the Health and Hospitals Corp., expects to face a $ 1.2 billion deficit next year, which will be exacerbated by federal cuts of $ 300 million in 2017 and $ 460 million per year through 2025, hospitals chief Dr. Ramanathan Raju said at a City Council hearing.

«We had a $ 3.8 million deficit in the general fund, and we're looking at a $ 2.6 [million] deficit in our federal grants, which brought our total budget deficit to $ 6.4 million,» Albanese said.

They'll discuss the economic condition of the state and what is being done at the federal level to revive the economy and help close the budget deficit.

While I am against raising taxes in general, if taxes need to be raised to create jobs, balance the budget and lower the deficit then those increases need to be done at the federal level and on the wealthiest Americans, not the middle class.

House Speaker Joe Aresimowicz of Berlin said, «A small projected deficit at this point is not totally unexpected, particularly with lower - than - anticipated federal funds coming in.

Yet critics say a deficit - financed tax cut is at odds with longstanding Republican calls for fiscal discipline, including that tax cuts not add to the ballooning federal deficit.

Given the Republicans» determination to rein in a record federal deficit (see «Budget battle heats up»), it is not at all clear that the president will be afforded the opportunity to play the innovation game that he hopes to win.

Academic lobbyists have vociferously complained about sequestration, created under a 2011 law aimed at shrinking the federal deficit over the next decade.

But at a time of growing concern about federal spending and deficits, U.S. solar firms may be racing the clock to prove their viability.

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.

Federal Pell Grants, for instance, can be used for remedial education; institutions are more than happy to take the money, even if they are terrible at remediating students» deficits, which is why I've proposed making remedial education ineligible for Pell financing.

OTTAWA — The federal government is projecting a deficit of at least $ 18.4 billion next year, a shortfall that's nearly five times projections from just three months ago and well past the $ 10 - billion limit promised by the Liberals.

So, there are good reasons not to let Morneau's announcement entirely ruin your holidays (at least if you try to avoid thinking too much about the federal deficit).

Despite these large deficits, the federal debt - to - GDP ratio — while rising in the fiscal year (FY) that begins April 1 from 31.2 % to 32.5 % — will fall over each of the next five years to end FY 2020 - 21 at 30.9 %.

With the federal deficit now estimated to come in at $ 18 billion (or more), there is nervous speculation that Finance Minister Bill Morneau may go beyond the specific tax changes already detailed in the Liberal pre-election platform and introduce new measures in his March 22 budget to raise much needed tax revenue.

Combined with the sting of the struggling economy, the new Liberal government is already facing increasing pressure to meet its election vows to cap annual deficits at $ 10 billion over the next two years and to balance the federal books in the fourth year of its mandate.

As the Federal Reserve welcomes a new chairman and the markets grapple with possible trade wars and a ballooning fiscal deficit, make a plan for what to do with a $ SPX chart at much lower levels.

The money supply has been growing like a weed at the same time that the federal deficit is shrinking — $ 148.5 billion through the first eight months of budget year, down 34 % from last year.