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Three CBO deficit scenarios related to the American Taxpayer Relief Act of 2012 (ATRA) and the Fiscal Cliff. The blue line (August 2012 baseline) was the "current law" baseline, with tax increases and spending cuts that would take effect if laws were not changed.
Titles I through IX of the law are known as the Congressional Budget Act of 1974. Title II created the Congressional Budget Office.Title III governs the procedures by which Congress annually adopts a budget resolution, a concurrent resolution that is not signed by the President, which sets fiscal policy for the Congress.
The Government Employee Fair Treatment Act of 2019 (GEFTA) is a United States federal law which requires retroactive pay and leave accrual for federal employees affected by the furlough as a result of the 2018–19 federal government shutdown and any future lapses in appropriations. [1]
The U.S. House of Representatives speaker said on Sunday he would stick with a "one big bill" strategy to pass President Donald Trump's tax-cut agenda and fund border and military priorities ...
Congress is supposed to pass 12 annual appropriations bills — also known as spending or government funding bills — by October 1, the start of the new fiscal year. But this rarely happens.
The fiscal year is the accounting period of the federal government, which runs from October 1 to September 30 of the following year. [3] Appropriations bills are under the jurisdiction of the United States House Committee on Appropriations and the United States Senate Committee on Appropriations . [ 2 ]
A senior FEMA official instructed subordinates to freeze funding for grant programs, hours after a judge ordered the Trump administration to stop such pauses.
Signed into law by President George W. Bush on September 26, 2006 The Federal Funding Accountability and Transparency Act of 2006 (S. 2590) [ 2 ] is an Act of Congress that requires the full disclosure to the public of all entities or organizations receiving federal funds beginning in fiscal year (FY) 2007.