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The enacted 2011 budget called for $2.314 trillion in receipts and $3.630 trillion in outlays, according to the September 1, 2011 Mid-Session Review. [45] The 2011 Financial Report of the United States Government was released on December 23, 2011, showing a net operating cost and cash-based budget deficit for the year of $1.3 trillion. [46]
In 2011, ongoing political debate in the United States Congress about the appropriate level of government spending and its effect on the national debt and deficit reached a crisis centered on raising the debt ceiling, leading to the passage of the Budget Control Act of 2011.
The nonpartisan Congressional Budget Office (CBO), the legislature's budget tabulator, projects a $1.15 trillion budget deficit for this year, fiscal 2011, and a $766 billion deficit for fiscal ...
2011 in the United States: ... April 20 – BooClips digital book app is released. ... United States Post Office considering budget cuts of cutting as many as 120,000 ...
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2013 United States federal budget – $3.8 trillion (submitted 2012 by President Obama) [124] 2012 United States federal budget – $3.7 trillion (submitted 2011 by President Obama) 2011 United States federal budget – $3.8 trillion (submitted 2010 by President Obama) 2010 United States federal budget – $3.6 trillion (submitted 2009 by ...
The grand bargain was an attempted political compromise during the 2011 budget debates in the United States Congress.Lawmakers were under pressure to pass a budget before automatic spending cuts known as sequestration took effect on August 4, 2011.
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