Sentences with phrase «federal deficit last»

Finance Minister Jim Flaherty, who ran a projected $ 56 - billion federal deficit last year, recently softened his stance on stimulus along with his deadline to get back to balance, but even little trims hurt.

Not exact matches

While last week's budget vote cleared the way to begin the tax reform effort, 20 Republicans voted against it, citing issues with the elimination of state and local tax deductions and a massive expansion of the federal deficit.

And there's a bruising fight with Congress over spending and the federal deficit on the horizon, just days after Obama and Congress averted the fiscal cliff with a last - minute deal over the New Year's holiday.

The latest federal forecast, released last October, projected a $ 14.3 - billion deficit for 2019 - 20 and doubts persist that Tuesday's budget will show a revised timeline for getting back to black.

And late last year, the Republican tax cut was enacted that will add more than $ 1 trillion to federal budget deficits over a decade.

Notwithstanding the Conservatives» repeated rejections of the PBO claim, last year's budget was an implicit admission that a significant portion of the federal government's deficit was structural.

In a dress rehearsal for this November's mid-term election, Democrats and Republicans vied last week for who could denounce the banks and blame the other party the most for the giveaways to Wall Street that have swollen the public debt since September 2008, pushing the federal budget into deficit and the economy into a slump.

Democrats Say «Bye» to Populist Option In a dress rehearsal for this November's mid-term election, Democrats and Republicans vied last week for who could denounce the banks and blame the other party the most for the giveaways to Wall Street that have swollen the public debt since September 2008, pushing the federal budget into deficit and the economy into a slump.

Trump unveiled a $ 4.4 trillion budget for next year that heralds an era of $ 1 trillion - plus federal deficits and — unlike the plan he released last year — never comes close to promising a balanced ledger even after 10 years.

With the looming deficit and uncertainty of federal spending priorities, state education groups, the Education Department and Board of Regents have looked to modify some of their asks from recommendations made last year.

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.

The Senate GOP's fast - moving effort to overhaul the tax code hit an unexpected roadblock last night, with the collapse of a plan to win over recalcitrant lawmakers with a promise to limit the impact of the legislation on the federal deficit.

After demonstrating a stunning lack of knowledge about the size of the federal deficit — he was off by $ 10 trillion the last time he was asked — maybe he's home studying up.

And almost immediately, Mr. Jones found himself representing the department in highly publicized Cabinet meetings last week devoted to discussions of the federal budget deficit and the need to trim federal spending.

Washington — The deficit - reduction measure approved by the Senate last week could threaten the future of many federal education programs, according to education lobbyists and opponents of the bill.

Washington — House Speaker Thomas P. O'Neill last week sharply criticized a Senate - passed deficit - reduction measure that could drastically reduce federal education spending.

The nonbinding plan Mr. Clinton unveiled last week varies markedly from his initial budget plan for fiscal 1996, which envisioned an indefinite continuation of deficits in the federal budget.

Washington — About 350 librarians from across the country gathered here last week to urge members of Congress to avert the establishment of a «cultural and educational deficit» by continuing federal support for public and academic libraries.

The federal Finance Department is also predicting a $ 15.5 - billion deficit in 2017 - 18 — more than six times its estimate last fall of $ 2.4 billion.

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.

The bill, H.R. 1, was introduced last Friday as the GOP's attempt to reduce the deficit and restore «fiscal responsibility,» yet would nevertheless strip highly leveraged dollars from important federal programs, while representing merely a drop in the bucket of the $ 1.3 trillion federal deficit.

The federal government has pledged $ 7.1 million to LAO after the agency requested $ 11.7 million to help fill a budget gap following a $ 26 - million deficit last December.

Former Massachusetts Governor Mitt Romney put the focus on job creation and cutting the federal deficit to spur the economy in his speech last night in Tampa, Fla., accepting the Republican nomination for president.