Search results
Results From The WOW.Com Content Network
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, [1] created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal ...
President Barack Obama makes a statement in the Brady Press Briefing Room at the White House announcing a deal that resolved the US debt ceiling crisis. July 31, 2011. On July 31, 2011, President Obama announced that the leaders of both parties in both chambers had reached an agreement that would reduce the deficit and avoid default. [101]
The National Commission on Fiscal Responsibility and Reform proposed Wednesday perhaps the most sweeping spending cuts in U.S. history to prevent the federal budget from careening off a fiscal ...
As its members attempt to navigate the political minefield that is U.S. budget reform, things are already looking grim for President Obama's National Commission on Fiscal Responsibility and Reform ...
On the evening of July 31, 2011, Obama announced that the leaders of both parties in both chambers had reached an agreement that would reduce the deficit and avoid default. [6] The same day, Speaker of the House John Boehner's office outlined the agreement for House Republicans. [17]
On August 2, 2011, President Obama signed the Budget Control Act of 2011 as part of an agreement with Congress to resolve the debt-ceiling crisis.The Act provided for a Joint Select Committee on Deficit Reduction (the "super committee") to produce legislation by late November that would decrease the deficit by $1.2 trillion over ten years.
Deficit reduction and the automatic cuts scheduled to take effect in January 2013 were viewed as likely to figure in the 2012 presidential election. [36] [46] President Obama stated that he would veto any attempt by Congress to cancel the $1.2 trillion sequester. [47]