Nation Now
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Feb. 23, 2010
Politics
Although the Gramm-Rudman law promised to reduce the federal deficit to zero by fiscal 1991, quirks in the law and the vagaries of economic forecasting appear likely to let Congress duck the tough measures necessary to meet the targets.
Aug. 8, 1986
Robert Reischauer has a toy skunk in his office. Lift its tail, and what do you see?
June 19, 1990
An automatic $11.7-billion reduction in the federal deficit under the budget-balancing Gramm-Rudman law would force a 4.3% cut in domestic programs and a 4.9% cut for the military on March 1, a White House spokesman said today.
Jan. 13, 1986
May 12, 2010
The updated 10-year Budget and Economic Outlook outlined stark expectations for the coming year as high interest rates and inflation continue.
Feb. 15, 2023
Congressional Republicans, after weeks of bickering among themselves over the size and timing of tax cuts, neared agreement Wednesday on a compromise to reduce taxes between $225 billion and $250 billion over seven years, sources close to House-Senate budget negotiations said.
June 22, 1995
Setting an early deadline for action, President-elect Bill Clinton told congressional leaders Thursday that he intends to put forward the broad outlines of his own plan to stimulate the economy even before taking office in January.
Nov. 20, 1992
Dec. 19, 2009
As the White House and congressional Republicans head into a make-or-break stage of long-stalled budget talks, Democrats are turning up pressure on the GOP to back down from its proposal to provide a $245-billion tax cut as part of its plan to balance the budget by 2002.
Dec. 15, 1995