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References in periodicals archive ?
The $600 billion to $700 billion projected deficit outlined in the fiscal year 1998 budget reconciliation tax package is the actual costs of granting tax cuts while keeping to a balanced budget agreement, according to the Center for Budget and Public Policy.
The Clinton administration expects that many of these proposals will be included as part of the five-year balanced budget agreement; however, the precise content of the tax package will not be certain until the members of the House Ways and Means and Senate Finance committees agree on a bill.
Yet now, even as Republicans celebrate the balanced budget agreement they reached with President Clinton in May, some are already gorging on pork.
Scrapped from the original balanced budget agreement agreed to by party leaders was a $16 billion-$17 billion spending package to provide health insurance to as many as 5 million children.
In the short term, working on a balanced budget agreement and dealing with entitlement spending may suck up all the political oxygen.
The controversy surrounding the action, however, was the Subcommittee's decision to declare six billion dollars of its FY2000 appropriations as emergency spending in order to stay within the discretionary funding caps imposed by the 1997 Balanced Budget Agreement.
First, the administration will have to convince Congress to buy into its plan to increase discretionary spending above a cap that was set as part of last year's balanced budget agreement. The administration has established three special funds, or groups of high-priority nondefense programs, that Congress must now consider supporting.
"Political speech," wrote George Orwell, is "largely the defense of the indefensible." That explains why President Clinton and House Speaker Newt Gingrich are puffing the "balanced budget agreement" in ways that would put P.T.
He told Domenici that the market would trade around a default if there were a balanced budget agreement. Domenici carried that message back to Capitol Hill.
That resolution called for a $3 billion cut in current public safety funds in order to meet the funding levels required by the budget spending caps put into place by the Balanced Budget Agreement.
Although the balanced budget agreement topped the accomplishments of the first session of the 105th Congress, science and technology (S&T) research reached a new level of exposure on Capitol Hill in 1997 because of efforts by concerned policy makers and an increasingly organized and motivated science lobbying endeavor.
If this balanced budget agreement is to be the great accomplishment of eight years of a Democratic presidency, then history will judge us harshly.