Sentences with phrase «of federal spending cuts»

The spending measure, which requires legislative approval, also includes $ 1.1 billion in new school spending; $ 2.5 billion for water quality and water and sewer upgrades; expanded child care tax credits; and new powers for Cuomo, a Democrat, to adjust state spending in the face of federal spending cuts.

Not exact matches

Poloz indicated in his statement that the prospect of a big spending push by the federal government caused the committee to move away from its intention to cut interest rates.

With the relentless pressure to cut federal spending, digital solutions like telemedicine — which expands access to care and reduces costs by up to 90 % — will become a key part of that equation.»

Many state tax systems are also inadequate to address coming budget shortfalls or to finance the kind of investment necessary to offset the drop in federal spending that will inevitably follow Congress's $ 1.5 trillion tax cut.

The tax cut and excess federal spending may boost some areas of the economy, but thus far, it has not produced anything more than a modest boost in capital spending (most of it from capital intensive technology companies) but a surge in stock buybacks and dividend increases, Apple being a case in point.

This is what Federal Reserve Chairman Ben Bernanke called the fiscal cliff, and he and many other economists worry that if all of these tax increases and spending cuts take effect simultaneously, the U.S. will send itself into a self - inflicted recession.

For one, federal spending cuts are also likely weighing on state and local government hiring — as about 25 % of their funding comes from Washington.

On the up side, however, the U.S. Federal Reserve has initiated another round of quantitative easing, and the Obama administration has extended Bush - era tax cuts to keep consumers spending.

Hensarling — a polite and low - decibel conservative with a deadpan sense of humor and an occasionally sharp tongue — has become a tea party favorite by relentlessly striving to cut federal spending and shrink the federal government.

President - elect Donald Trump's economic agenda of fiscal spending and tax cuts, coupled with the Federal Reserve raising interest rates spells trouble for bond holders.

House attributes the rosier U.S. outlook to federal tax cuts, a massive US$ 300 - billion spending package and the possibility of an additional spending or infrastructure bill.

Congressional Republicans — including nearly all of the Texas delegation — spent the aftermath of Hurricane Sandy insisting that any new funding for hurricane relief had to be offset with cuts elsewhere in the federal budget.

OTTAWA — As Finance Minister Jim Flaherty delivers the federal budget Thursday in the House of Commons, the Office of the Parliamentary Budget Officer will deliver arguments in court seeking clarity on its mandate and more information on the Conservative government's spending cuts.

All they have done is give the government an excuse to cut government spending and reduce the size of the federal government.

Meanwhile, bond king Bill Gross found silliness on the trading floor, Larry Summers did not become the next Federal Reserve chairman, and U.K. Prime Minister David Cameron called for spending cuts in a gold - laden throne room — making a bigger fool of himself than millions of tweeters ever could.

And to make matters worse, it's not really a cut, as a reduction in spending, but just a cut in the rate of growth of federal spending.

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.

About 39 % of respondents said fiscal policy, which has included tax increases and automatic federal spending cuts, was «too restrictive,» while 21 % thought it was «too stimulative.»

-- Member of Parliament David Yurdiga «The federal government thinks that it is acceptable to run a $ 30 billion deficit and spending billions on foreign aid and international climate change projects, as well as on newcomer settlement programs all the while cutting over $ 100 million from the three northern territories over the course of the next five years.

The fear is that the federal government could cut grants and research spending, a major source of sales for Illumina's DNA sequencing equipment and supplies.

The effect of tax cuts and more federal spending are a bit of a wild card.

Michael Gregory, a senior economist at BMO Capital Markets, likens the burst of tax cuts and federal spending to a similar situation early in the 1960s when John F. Kennedy was president.

This particular blowhardism is a combination of positions on entitlement spending, taxation, military engagement, and purely rhetorical spending cutting radicalism that can't withstand contact with the realities of either the federal budget or public opinion.

We support a balanced budget, but to do so will require deep cuts in the mandatory spending that account for two - thirds of federal spending — not much smaller discretionary accounts like foreign assistance, which represents less than two - thirds of one percent of the budget.

The Australian Industry Group accepts the federal government won't deliver a «Twenty20 Big Bash» budget but is urging prudent spending cuts to deliver a handful of key priorities across infrastructure, STEM training and a company tax cut.

A GST top - up for the Top End and extra spending to cut Centrelink waiting times have been announced ahead of the federal budget.

Cuomo has said he wanted more insight into the federal government's plans in terms of potential cuts to state before setting the state's own spending priorities.

The final agreement not only burnishes Cuomo's liberal credentials by extending (though not expanding) the millionaire's tax, raising the age of criminal responsibility of New York and addressing the high cost of college tuition for members of the middle class, it also dramatically increases his (already considerable) budget powers, enabling him to single - handedly make spending cuts in the event of widely expected future federal funding reductions.

What once was shaping up as bare - cupboard exercise in federal government cuts is now, relatively speaking, a cup - runneth - over cornucopia of spending that New York's lawmakers are hailing as a budgetary breakthrough.

Because of lower - than - expected federal assistance for Medicaid, Albany instituted an across - the - board budget sweep of 1.1 percent, cutting state spending and also siphoning off theoretically separate revenue streams dedicated to specific programs and agencies, like the MTA.

Now, Kenneth Raske of the Greater New York Hospital Association is pulling hard the other way: «New York's financially struggling hospitals were living austerely within the state's Medicaid spending cap well before the recent avalanche of federal health care cuts,» Raske told the Daily News» Kenneth Lovett, «while other sectors, such as education, have not been held to theirs.»

Stung by the expiration of federal aid intended to help states balance budgets as they seek to recover from the recession that began in 2008, the final budget is also expected to include another cut in local aid to cities and towns and to call for reduced growth in the rate of spending on education and health care, although special education is one of the few areas in which significant investments appear imminent.

Members of the conservative House Freedom Caucus, a formidable bloc in the House, have said they will not support the budget until they see the tax reform plan and want the resolution to contain more cuts to federal spending than the $ 203 billion over a decade that it already contains.

Following a few years of relative fiscal stability thanks to the economic recovery and bank settlements following the financial collapse, New York is staring down a budget deficit of more than $ 4 billion, an amount that could be grow because of cuts in federal health care spending and the tax overhaul.

With President - elect Donald Trump and a newly empowered, Republican - dominated Congress soon taking control of the federal budget, the potential for substantial cuts in domestic spending poses gargantuan challenges for New York state and city budgets.

Between 1992 and 2000, Canada converted an annual deficit of 9 % of GDP to a surplus of 3 %, cutting federal spending by around 20 % between 1992 and 1997.

Cuomo said the stopgap budget would give legislators time to resolve their differences while postponing the decision until after the release of the federal budget, which is expected to contain spending cuts that could drastically impact state finances.

On Tuesday, the governor warned that «dramatic» budget spending increases are unaffordable, given threats of federal funding cuts in Washington, but he said he'd be willing to agree to «modest» increases.

After weeks of gloomy warnings regarding an impending federal fiscal cliff, Congress worked at the last minute to avoid the automatic spending cuts and tax hikes that would have taken effect in the new year.

But the Christie robocall does help Hayworth shore up a potential trouble spot for her when it comes to the Democratic push that she would support turning back federal spending for disaster relief that isn't off set by cuts, a position of top Republican lawmaker Eric Cantor.

It's too bad Rep. Ryan didn't do as thorough a job of vetting Malpass as he did analyzing our federal budget deficit and devising ways to cut spending.

As Gov. Andrew Cuomo raises the possibility of an «extender» budget blamed on federal government - level uncertainty over potential cuts in spending to the state, the Fiscal Policy Institute has released a report examining the impact of D.C. aid to New York state and local governments.

The $ 4.1 trillion spending plan calls for steep cuts in a range of support programs for low - income individuals to balance the federal government's books over the next decade.

So Weprin has been put on the defensive about Obama's Middle East policy, while Turner appears to have managed to avoid the drawbacks of his party association, and has largely been taken at his word when he says he would buck the House Republicans on an overhaul of entitlement programs, even though he has pushed, at times, for 30 - 35 percent cuts in federal spending.

Whenever the next update comes out, it probably will show a worsening FY 2018 budget gap, and perhaps even a true potential deficit for the current year — depending on whether Cuomo forces a post-election special session based on his power to cut spending in the wake of big enough drops in federal revenue.

The advocates — whose job is to always say it's not enough — don't recognize the state must to be mindful of spending in a year when federal tax policy and federal healthcare cuts, among other things must be accounted for because revenue is tight.

State lawmakers and the governor are discussing whether to spend billions of dollars on water quality upgrades and projects and Cuomo, too, has decried the proposed federal budget cuts as having a negative impact on New York.

At the time, Cuomo did not include any contingency plans for action on the federal level, such as a repeal of the Affordable Care Act or cuts in spending that would impact the state, save for a desire to have expanded powers over the budget without the consent of the Legislature — a non-starter with lawmakers.

Add Rep. Tom Reed to the list of New York Republicans who support House Majority Leader Eric Cantor's call for offsetting additional disaster aid in the wake of Irene with spending cuts elsewhere in the federal budget.

The Trump administration reportedly is planning to offset the steep cost of a Mexico border wall by instructing the Department of Homeland Security to cut spending on surveillance technology and freeze the pay of federal officers in the 2019 fiscal year.