Sentences with phrase «federal deficit reduction»

Not exact matches

Through a combination of $ 1 billion from the sale of GM shares, a $ 2 billion reduction in the contingency fund and $ 1.8 billion taken out of Employment Insurance (a holdover from Budget 2014), the federal government was able to turn a modest deficit into a $ 1.4 billion surplus.

Second, the deficits posted over the 2008 - 09 to 2015 - 16 period will add about $ 200 billion to the federal government's debt, nearly doubling the reduction recorded over the 1997 - 98 to 2007 - 08 period ($ 104.7 billion).

Past achievements include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.

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.

Senate Minority Leader Mitch McConnell, R - Kentucky, and House Majority Leader Eric Cantor, R - Virginia, both told Sunday talk shows that all issues are on the table in deficit reduction talks led by Vice President Joe Biden intended to reach a deal on raising the federal debt limit.

The comptroller also alleged that, because a substantial portion of Health + Hospitals» revenue actions in its deficit reduction plan requires federal and state approvals, the city would probably have to increase its subsidy by $ 200 million in fiscal year 2017.

There is much concern in Washington about the impending «fiscal cliff» of severe cuts to federal programs that will automatically result if Congress and the Obama administration can not agree on a deficit reduction plan by the end of this year.

Others say the Pentagon is simply using the hearings to pressure Congress into rolling back the Budget Control Act of 2011, the law that set federal spending caps in order to achieve a $ 1.2 trillion deficit reduction over 10 years.

(CNN)- Two days before the deadline for a possible U.S. government default, President Barack Obama and congressional leaders reached agreement Sunday on a legislative package that would extend the federal debt ceiling while cutting spending and guaranteeing further deficit - reduction steps, Senate leaders announced.

To make up for a federal deficit of more than $ 400 billion, the White House has ordered most civilian research agencies to prepare for major budget reductions in the 2006 budget, including cuts for the National Institutes of Health and the National Science Foundation.

Finding ways to cut energy use has become more critical now that many federal institutions are facing budget cuts in the wake of the Congressional Joint Select Committee on Deficit Reduction's failure to reach a cost - cutting agreement.

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.

June 30, 2011 • During President Obama news conference Wednesday, he urged lawmakers to act quickly on a deficit reduction plan, and to approve an increase in the federal debt ceiling.

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.

U.S. District Judge Ernest C. Torres said in a decision released Oct. 26 that the department broke a contract with the Rhode Island Higher Education Assistance Authority when it withheld the money to comply with a 1987 federal deficit - reduction law.

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

Proposals to move to one grant and one loan have the potential to attract bipartisan support, especially if funds from eliminated programs are kept within the federal aid programs rather than used for other purposes such as deficit reduction.

Changes to the federal student - loan programs put in place by the Deficit Reduction Act of 2005 will take effect on July 1, including increased Pell Grants for some students majoring in mathematics and science.

According to the Department, the requested 15 percent reduction would «provide significant resources to support CTE programs while also maintaining the fiscal discipline necessary to support the President's goal of increasing support for national security and public safety without adding to the Federal budget deficit.»

The Conference recognizes that the Congress enacted the Deficit Reduction Act of 1984 provision prohibiting the combination of Federal guarantees with tax - exempt debt, because of concerns that such a double - subsidy could result in the creation of a «AAA» rated security superior to U.S. Treasury obligations.

While a projected 25 % reduction in the budget deficit for fiscal 2010 - 11 may have given the federal government «wiggle room» to undertake new spending measures beneficial to families and individuals, investors were not so lucky.

In a year fraught with tension over the federal budget and deficit reduction, the White House might have opted to forgo a battle over directed spending.

As part of the federal welfare reform of 1996, Congress recognized the need to promote responsible fatherhood as a way to support child wellbeing.2 During the 106th Congress (1999 - 2000), Congress provided funding to the National Fatherhood Initiative (NFI), a non-profit organization that works with government agencies, the military, corrections departments, and community organizations to create fatherhood programs.3 Concurrently, Congress also provided funding to evaluate the Institute for Responsible Fatherhood and Family Revitalization's fatherhood program, signaling the federal government's commitment to researching and assessing the impact of responsible fatherhood programs.4 Although Presidents Clinton, Bush, and Obama included funding for responsible fatherhood programs in each of their budgets, it was not until the 109th Congress of 2005 - 2006 that the Healthy Marriage Promotion and Responsible Fatherhood (HMPRF) grants program was created and funded under the Deficit Reduction Act of 2005 beginning in FY2006 and continuing through FY2010.5 The program was subsequently reauthorized under the Claims Resolution Act of 2010.6 The HMPRF programs support healthy marriage, responsible parenting, and economic stability activities, and are funded through the U.S. Department of Health and Human Services Administration of Children and Families» (ACF) Office of Family Assistance (OFA).7 The HMPRF programs have continued to receive funds through FY2016.8 Healthy Marriage and Relationship Education grantees, the New Pathways for Fathers and Families grantees, and Responsible Fatherhood Opportunities for Reentry and Mobility (ReFORM) grantees are currently funded from FY2015 through FY2020.9

«This is in sharp contrast to H.R. 1, which, under the guise of deficit reduction, pushes an extreme ideological agenda, including the complete elimination of the national family planning program as well as prohibiting Planned Parenthood from receiving federal funds for preventive health care, including lifesaving cancer screenings, breast exams, birth control, and STD testing and treatment, including HIV testing.

Summary and Analysis of Child Welfare Provisions Included in the Deficit Reduction Omnibus Reconciliation Act of 2005 (S. 1932)(PDF - 147 KB) Child Welfare League of America (2006) Explains how the reconciliation bill alters eligibility criteria for Federal foster care and adoption assistance (Title IV - E).