Search results
Results from the WOW.Com Content Network
Since 1981, federal budget deficits have increased under Republican presidents Ronald Reagan, both Bushes, and Trump, while deficits have declined under Democratic presidents Clinton and Obama. The economy ran surpluses during Clinton's last four fiscal years, the first surpluses since 1969.
The 2013 United States federal budget is the budget to fund government operations for the fiscal year 2013, which began on October 1, 2012, and ended on September 30, 2013. . The original spending request was issued by President Barack Obama in February
The Congressional Budget Office projected two weeks prior to Obama's first inauguration that the deficit in FY 2009 (a year budgeted by President Bush) would be $1.2 trillion and that the debt increase over the following decade would be $3.1 trillion assuming the expiration of the Bush tax cuts as scheduled in 2010, or around $6.0 trillion if ...
President Barack Obama's economic team released a massive 447-page report (link opens PDF) on the economy last week. The introductory text describes what you might expect from such a report: The ...
For premium support please call: 800-290-4726 more ways to reach us more ways to reach us
President Obama announced a 10-year (2012–2021) plan in September 2011 called: "Living Within Our Means and Investing in the Future: The President's Plan for Economic Growth and Deficit Reduction." The plan included tax increases on the wealthy, along with cuts in future spending on defense and Medicare.
The last time the deficit came in under 3% of GDP was in 2015, Obama’s seventh year in office. During Donald Trump’s first three years in office, the deficit averaged 4% of GDP.
Economic indicators and federal finances under the Bush and Obama administrations $ represent US trillions of unadjusted dollars; Year Unemploy-ment [96] Real GDP Growth [97] US Government [98] [99] Receipts Outlays Deficit Debt ending: Dec 31 (Calendar Year) Sep 30 (Fiscal Year) [c] 2007* 4.6% 2.0% $2.568 $2.729 − $0.161 $5.0 2008* 5.8% 0.1% ...