Search results
Results from the WOW.Com Content Network
The Sequestration Transparency Act of 2012 (Pub. L. 112-155) requires the president to submit a report to Congress on a potential sequestration which may be triggered by the failure of the "Super Committee" to propose and for Congress to enact, a plan to reduce the U.S. Federal Budget by $1.2 trillion as required by the Budget Control Act. [15]
Tax cuts that are not offset with spending cuts would be fiscally irresponsible even if the federal government hadn't already piled up more than $28.8 trillion in debt held by the public. It is ...
But some Republicans, like House Ways and Means Chair Jason Smith, argued that the House’s budget plan is essentially the chamber’s only chance to advance Trump’s agenda, including tax cuts ...
Current funding for federal agencies runs out on March 14, and Congress will face another deadline later this year to raise the government's self-imposed debt ceiling or risk triggering a ...
As a result of the Budget Control Act of 2011, a set of automatic spending cuts to United States federal government spending in particular of outlays [note 1] were initially set to begin on January 1, 2013.
DOGE has been linked to Trump's campaign promises to reduce federal spending, the size and influence of the federal government, and the federal fiscal deficit. [14] Musk was the largest donor in the 2024 United States presidential election, spending over US$290 million in support of Trump and other Republicans, primarily in the final five weeks of the campaign.
Johnson plans to hold a vote Tuesday on a sweeping budget plan that calls for $2 trillion in cuts over a decade to help pay for tax cuts and new national security spending.
This is an accepted version of this page This is the latest accepted revision, reviewed on 21 February 2025. 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 ...