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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.
This budget projected the 2011 deficit to be $1.645 trillion, and therefore ensured that the debt ceiling would be hit during this fiscal year. April 15, 2011: On a party-line vote 235–193, the House of Representatives passed the Republican 2012 budget proposal aimed to reduce total spending by $5.8 trillion and reduce total deficits by $4.4 ...
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.
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This is an accepted version of this page This is the latest accepted revision, reviewed on 17 November 2024. 2013 tax increase and spending decrease This article is part of a series on the Budget and debt in the United States of America Major dimensions Economy Expenditures Federal budget Financial position Military budget Public debt Taxation Unemployment Gov't spending Programs Medicare ...
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The performance goals must cover each program activity made in the agency budget. [1] The Office of Management and Budget (OMB) is tasked pursuant to the GPRA with producing an annual report on agency performance. This is produced with the President's annual budget request. [6] [7] The Executive branch oversees the implementation of the GPRA.
The extent of damage caused by Hurricane Irene raised fears that the Federal Emergency Management Agency would run out of funds before the end of FY2011, setting off a debate that threatened to cause a government shutdown in October 2011. Because the federal budget legislation was not expected to be enacted by the September 30, 2011 deadline ...