Sentences with phrase «preside over deficits»

ONE CRISIS BEGETS ANOTHER: Bailouts and plummeting tax receipts during and after the Great Recession made Timothy Geithner (above) the first Treasury secretary to preside over deficits that exceeded $ 1 trillion.

Not exact matches

The substantial wiggle room implicit in those words served as a reminder of how abruptly Flaherty shifted, in late 2008 and early 2009, from predicting no recession and no deficits, to having to acknowledge a punishing recession and preside over unprecedented deficit spending to combat it.

Lhota, the former MTA chairman who presided over the increase, blamed Patersona and legislative leaders in a recent GOP mayoral forum for the hike because they «took hundreds of millions of dollars» from the MTA to plug budget deficits.

Vanderhoef first took office in January 1994 and has presided over rough times in Rockand County in the last four years, as his government has accrued an over $ 100 million deficit.

In the leadership election, we are not choosing the chair of a discussion group who can preside over two years or more of fascinating debate while the Tories play hell with cuts in local services and public investment, extend injustice and flatlining incomes, sustain or worsen private debt, and deepen the balance - of - payments, productivity, housing and poverty deficits.