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As Governor of New York, Franklin D. Roosevelt had campaigned for the Presidency, in part, on a pledge to balance the federal budget. [4] [5] On March 10, 1933, six days after his inauguration, Roosevelt submitted legislation to Congress which would cut $500 million ($8.181 billion in 2009 dollars) from the $3.6 billion federal budget by eliminating government agencies, reducing the pay of ...
Proposed Social Security cuts come in many forms — some of which are disguised as no cuts at all but amount to the same thing. That’s the case with proposals to raise the full retirement age ...
The Federal Emergency Management Agency (FEMA) is an agency of the United States Department of Homeland Security (DHS), initially created under President Jimmy Carter by Presidential Reorganization Plan No. 3 of 1978 and implemented by two Executive Orders on April 1, 1979. [1]
Starting April 1, 2013 the sequester cut 2% of the Medicare budget, primarily targeting oncologist reimbursements. [22] Since oncologists cannot change the drug prices, they argue that the entire 2 percent cut will have to come out of the 6 percent overhead they use to cover the cost of storing and administering the medication. [23]
The funding package, which includes $40 billion for FEMA's disaster relief fund and more than $2 billion for the depleted Small Business Administration loan program, would be delivered to Congress ...
Congress recently replenished a key source of FEMA's response efforts, providing $20 billion for the agency's disaster relief fund as part of a short-term government spending bill to fund the government through Dec. 20. The bill also gave FEMA flexibility to draw on the money more quickly as needed.
According to a recent report from the nonprofit Committee for a Responsible Federal Budget (CRFB), some newly retired couples could face a cut of more than $17,000 a year when the OASI is depleted ...
Budget sequestration was first authorized by the Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA, Title II of Pub. L. 99-177). This is colloquially referred to as the Deficit Control. [2] They provided for automatic spending cuts (called "sequesters") if the deficit exceeded a set of fixed deficit targets.