Search results
Results from the WOW.Com Content Network
The Balanced Budget Act of 1997 (Pub. L. 105–33 (text), 111 Stat. 251, enacted August 5, 1997) was an omnibus legislative package enacted by the United States Congress, using the budget reconciliation process, and designed to balance the federal budget by 2002. This act was enacted during Bill Clinton's second term as president.
Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget. The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000.
On this day in economic and business history... President Bill Clinton announced the first balanced federal budget in a generation on Sept. 30, 1998. In a speech at the White House, Clinton hailed ...
Senate Majority Leader and prospective presidential candidate Bob Dole blamed Clinton for the budget impasse and said, "while the President's words speak of change, his deeds are a contradiction." [20] Clinton featured the ongoing budget negotiations prominently in his 1996 State of the Union Address on January 23, 1996. Clinton famously stated ...
The Budget of the United States Government Fiscal Year 1999. The United States Federal Budget for Fiscal Year 1999 [8] (FY99) was a spending request by President Bill Clinton to fund government operations for October 1998–September 1999. It was the first balanced Federal budget in 30 years. [9] In FY99, revenues were 1.82 trillion dollars.
Musk, in an interview with Trump that aired on Fox News on Tuesday night, said the goal of DOGE was to trim $1 trillion from the deficit. Clinton was able to balance the budget and cut the deficit ...
As a result of conflicts between Democratic President Bill Clinton and the Republican Congress over funding for education, the environment, and public health in the 1996 federal budget, the United States federal government shut down from November 14 through November 19, 1995, and from December 16, 1995, to January 6, 1996, for 5 and 21 days, respectively.
The Congressional Budget Office reported budget surpluses of $69 billion in 1998, $126 billion in 1999, and $236 billion in 2000, [99] during the last three years of Clinton's presidency. [100] Over the years of the recorded surplus, the gross national debt rose each year.