Search results
Results From The WOW.Com Content Network
The 2011 United States federal budget was the budget to fund government operations for the fiscal year 2011. The budget was the subject of a spending request by President Barack Obama. [7] [8] The actual appropriations for Fiscal Year 2011 had to be authorized by the Congress before they could take effect, according to the U.S. budget process.
The Budget Control Act of 2011 (Pub. L. 112–25 (text), S. 365, 125 Stat. 240, enacted August 2, 2011) is a federal statute enacted by the 112th United States Congress and signed into law by US President Barack Obama on August 2, 2011. The Act brought conclusion to the 2011 US debt-ceiling crisis.
Lawmakers were under pressure to pass a budget before automatic spending cuts known as sequestration took effect on August 4, 2011. [1] [2] President Barack Obama advocated historic cuts to social security, Medicare, and Medicaid, in exchange for an increase in federal taxes on upper income individuals, with the goal of reducing the federal ...
The latest bout of brinkmanship in Washington, D.C., is over the federal budget. President Barack Obama unveiled his proposed cuts earlier this week with plenty of tough talk about fiscal ...
President Barack Obama had already addressed energy policy, health care costs, and his philosophy on the federal budget deficit when he was asked a far more personal question at the White House on ...
The 2011 budget deficit will likely be more than the CBO's estimate. Economists at Goldman Sachs ( GS ) are forecasting that this year's deficit will match 2010's $1.3 trillion. A Deficit That's a ...
February 14, 2011: Obama released his budget proposal for fiscal year 2012. [139] Republicans criticized the budget for doing too little to rein in the burgeoning US deficit. [ 140 ] The CBO analysis, released in April 2011, estimated that the budget would increase total deficits over 10 years by $2.7 trillion: from $6.7 trillion of the March ...
President Barack Obama will call for new rules allowing business to deduct from their taxes through 2011 the full value of the purchase of equipment. The planned deductions are intended to ...