Sentences with phrase «over deficit reduction»

A new front has opened up in the battle over deficit reduction.

NEW YORK (WCBS 880 / AP)-- The standoff on Capitol Hill over deficit reduction and raising the debt ceiling shows no signs of breaking.

Analysts at Reform claim that the public sector can shed the 400,000 jobs by replacing only nine of the ten workers that leave over the deficit reduction period.

George Osborne found himself increasingly isolated today as a small army of economists demanded he back down over his deficit reduction plan.

A recent survey carried out by You Gov for the Sheffield University Political Economy Research Institute (SPERI) demonstrated that voters in Britain now prioritise growth over deficit reduction (47 - 34 %), deeming current spending cuts to be hasty and excessive.

Not exact matches

The projected budgetary deficit in 2010 - 11 was revised down from $ 40.5 billion to $ 36.2 billion and in fiscal 2011 - 12 was revised upward from $ 29.6 billion to $ 36.2 billion, for a cumulative reduction of $ 1.6 billion over the two years.

The deal, which is still making its way through Congress after an eleventh hour push from party bigs, has three main components: It immediately raises the debt ceiling, includes around $ 2.1 trillion in spending cuts over the next 10 years, and creates a special Congressional committee to come up with long term deficit - reduction suggestions by this Thanksgiving.

Including just the effects of economic feedback from deficit reduction would reduce the cumulative deficit over the next 10 years by roughly $ 160 billion — or about 0.1 percent of GDP, on average — compared with CBO and JCT's conventional estimate of the President's proposals.

CBO and JCT estimate that, over the 2017 - 2026 period, enacting this legislation would reduce direct spending by $ 1,022 billion and reduce revenues by $ 701 billion, for a net reduction of $ 321 billion in the deficit over that period (see Table 1, at the end of this document):

CBO and JCT estimate that, over the 2017 - 2026 period, enacting H.R. 1628 would reduce direct spending by $ 1,111 billion and reduce revenues by $ 992 billion, for a net reduction of $ 119 billion in the deficit over that period.

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).

The reduction in the U.S. current account deficit would mean a reduction in the excess of U.S. investment over U.S. savings.

The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such sDeficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve suchReduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such sdeficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve suchreduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savings.

Under current law, stabilizing the debt at its current post-World War II record level of 77 percent of GDP would require deficit reduction of 2.4 percent of GDP per year over three decades (the equivalent of $ 6.1 trillion over ten years).

The FY 2017 budget resolution demanded only a paltry $ 2 billion of deficit reduction over an entire decade; that's just $ 200 million per year when we are facing looming trillion - dollar deficits.

Arguments over government spending delayed decisions on the American Jobs Act, the debt ceiling and the deficit reduction.

But over that period the OBR currently expects average growth of just 1.7 per cent a year — 0.4 per cent a quarter - which means lower living standards, less tax, less investment and many billions less deficit reduction too.

The deficit reduction programme takes precedence over any of the other measures in this agreement, and the speed of implementation of any measures that have a cost to the public finances will depend on decisions to be made in the Comprehensive Spending Review.

At Left Foot Forward, the Fabian Society's Sunder Katwala offers a very interesting analysis of the debate over the government's deficit reduction and spending cuts programme.

The foreword to the coalition agreement in 2010 stated that «the deficit reduction programme takes precedence over any of the other measures in this agreement».

Gov. David Paterson last Thursday proposed $ 5 billion in cuts over the next two years to fill a growing state budget deficit, and the plan makes deep reductions in funding to education, health care and state agencies.

The legislation also would reduce the deficit by $ 337 billion over the next 10 years largely from Medicaid reductions and the elimination of the ACA's subsidies for nongroup health insurance, the CBO found.

Yet when we look at the Executive Budget, we see that he as included over $ 800 million in new taxes and assessments on health care and health insurance, including $ 590 million within the Deficit Reduction Plan for the current fiscal year.

The Institute for Fiscal Studies have already calculated that a faster programme of deficit reduction would require # 8bn of extra spending cuts or tax rises over the parliament.

Messrs Huhne, Cable and Clegg may have been respectively difficult for their partners over AV, Beecroft and nearly everything, but they can not be accused of flinching from George Osborne's Plan A. Mr Huhne was a convinced supporter of deficit reduction even before the election.

His call for a temporary cut in the rate of VAT represents, to his mind, a halfway house between Osborne's deficit reduction plan and Alistair Darling's proposal to halve the deficit over four years.

The coalition government's response to the global financial crisis has been to follow a singular path of deficit reduction over the next 4 years.

If asked to choose, more (but not a majority) favour «growth» over «deficit reduction».

We have therefore agreed that there will need to be: - a significantly accelerated reduction in the structural deficit over the course of a Parliament, with the main burden of deficit reduction borne by reduced spending rather than increased taxes; - arrangements that will protect those on low incomes from the effect of public sector pay constraint and other spending constraints; and - protection of jobs by stopping Labour's proposed jobs tax.

(Sampson says he'll first need to break an impasse with the Assembly and Paterson over a deficit - reduction plan.)

Our deficit reduction plan to cut the deficit in half over four years, will be made law in a new fiscal responsibility act.

Though voters in the constituency are on balance pessimistic about prospects for the economy over the next few years, they back the coalition's «Plan A» for deficit reduction by a wide margin.

Responding to the Shadow Chancellor, Alan Johnson, who implied that Eire's deficit reduction plan was an explanation for its difficulties, the Chancellor said that no international actor who had been part of the negotiations over the bailout had argued that Dublin needed to moderate its fiscal adjustment.

GB: Because we have got a deficit reduction plan to cut the debt in half over the next four years.

The growth in spending on welfare over recent years - partly a result of the economy's disappointing performance - has made it harder for the coalition to achieve its deficit reduction aims.

They also published a joint memorandum negotiated over the last five days covering deficit reduction, environment, tax, banking reform, an annual cap on immigration, welfare and relations with Europe.

Labour is in an impossible position over spending plans: if they match them, they lose the ability to set out a robust criticism of the government's deficit reduction programme, but if they reject them David Cameron and George Osborne will attack them for planning to increase spending.

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.

Zebrowski's plan establishes a Rockland County Deficit Reduction Taskforce with significant oversight and enforcement powers over -LSB-...]

We will significantly accelerate the reduction of the structural deficit over the course of a Parliament, with the main burden of deficit reduction born by reduced spending rather than increased taxes.

Increases for science and technology in the 2012 US budget prioritize innovation over reductions in the national 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.

WASHINGTON — While most of the debate in Congress over President Clinton's deficit - reduction proposal focused on the plan's controversial tax increases and spending cuts, the omnibus package also contained a number of provisions affecting children, students, and schools.

WASHINGTON — The deficit - reduction package signed by President Clinton last month will put a squeeze on education programs due to caps that essentially freeze discretionary domestic spending over the five years covered by the plan.

While the relationship between economic deficits and surpluses is actually an accounting identity, some observers have argued that the surge to record profit margins in the past few years (mirroring the reduction in government and private saving over the same period) is actually a permanent reflection of higher profit margins from international sales.

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.