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 Collection: Congressional Research Service Reports
Budget Reconciliation Legislation in 2005-2006 Under the FY2006 Budget Resolution

Budget Reconciliation Legislation in 2005-2006 Under the FY2006 Budget Resolution

Date: July 28, 2006
Creator: Keith, Robert
Description: The FY2006 budget resolution, which was agreed to by the House and Senate on April 28, 2005, included reconciliation instructions for: (1) an omnibus bill to reduce mandatory outlays by about $35 billion over a five-year period, covering FY2006-FY2010; (2) a bill to reduce revenues by $70 billion over the same period; and (3) a bill to increase the limit on the public debt by $781 billion. Congressional action on the resultant reconciliation legislation, while ultimately successful, was marked by controversy and delay. As of May 2006, congressional action on the reconciliation legislation called for in the FY2006 budget resolution was completed.
Contributing Partner: UNT Libraries Government Documents Department
Budget Reconciliation Legislation in 2005-2006 Under the FY2006 Budget Resolution

Budget Reconciliation Legislation in 2005-2006 Under the FY2006 Budget Resolution

Date: July 28, 2006
Creator: Keith, Robert
Description: The FY2006 budget resolution (H.Con.Res. 95), which was agreed to by the House and Senate on April 28, 2005, included reconciliation instructions for: (1) an omnibus bill to reduce mandatory outlays by about $35 billion over a five-year period, covering FY2006-FY2010; (2) a bill to reduce revenues by $70 billion over the same period; and (3) a bill to increase the limit on the public debt by $781 billion.
Contributing Partner: UNT Libraries Government Documents Department
Baseline Budget Projections Under Alternative Assumptions

Baseline Budget Projections Under Alternative Assumptions

Date: February 8, 2005
Creator: Esenwein, Gregg A & Labonte, Marc
Description: The Congressional Budget Office (CBO) estimates a baseline budget based on simple rules prescribed by law. Statute requires CBO to project a baseline of revenues and outlays under current law over the next 10 years. Arguably, a “better guess” of the probable path of the federal budget under current policy might be achieved by modifying four assumptions in the CBO baseline. First, that discretionary spending will remain constant as a share of GDP rather than growing at the rate of inflation. Second, that military operations in Iraq and Afghanistan will continue and should be counted in the baseline rather than omitted. Third, that recent tax reduction will be extended rather than allowed to expire. Fourth, that the alternative minimum tax (AMT) relief will be extended rather than allowing the AMT to “take back” the reductions in regular income tax.
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2006

The Budget for Fiscal Year 2006

Date: July 25, 2006
Creator: Winters, Philip D
Description: The July 2005 mid-year budget report from the Administration had an improved deficit outlook through FY2010, while CBO’s August 2005 mid-year report included a somewhat worsened baseline deficit outlook. Congress passed three continuing resolutions (CRs) on appropriations during the fall and early winter to fund otherwise unfunded activities. It needed the time to complete action on the regular appropriation bills for FY2006. The last two cleared Congress on December 21, almost three months after the start of FY2006.
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2006

The Budget for Fiscal Year 2006

Date: July 25, 2006
Creator: Winters, Philip D.
Description: The Administration's Mid-Session Review (July 2006) had a revised deficit estimate for FY2006 of $296 billion (2.3% of gross domestic product). This was over $100 billion below the FY2006 deficit estimate in the President's FY2007 budget (February 2006). On March 17, 2005, the House and Senate adopted their respective budget resolutions for FY2006. After extensive leadership discussion, a conference reached agreement on April 28; both chambers adopted it later that day. The conference agreement included reconciliation instructions for mandatory spending reductions, tax reductions, and an increase in the statutory debt limit. This report explores these issues in full, as well as detailing additional legislation regarding the FY2006 Budget and budget resolutions.
Contributing Partner: UNT Libraries Government Documents Department
The National Oceanic and Atmospheric Administration (NOAA) Budget for FY2009

The National Oceanic and Atmospheric Administration (NOAA) Budget for FY2009

Date: February 17, 2009
Creator: Morrissey, Wayne A.
Description: This review gives an overview of the budget of the National Oceanic and Atmospheric Administration (NOAA) requested for the 2009 fiscal year (FY2009) by President Bush on February 4, 2008. Bush Administration priorities for the NOAA budget included restoring funding for some programs that were flat-funded or cut for FY2008; recapitalizing aging facilities, equipment, vessels, buildings, and other infrastructure; and ensuring that NOAA satellite programs meet mission requirements and are kept to schedule.
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2004

The Budget for Fiscal Year 2004

Date: July 17, 2003
Creator: Winters, Philip D
Description: In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from $1,336 billion (January) to $891 billion (March).
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2004

The Budget for Fiscal Year 2004

Date: May 23, 2003
Creator: Winters, Philip D
Description: In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from $1,336 billion (January) to $891 billion (March).
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2004

The Budget for Fiscal Year 2004

Date: May 22, 2003
Creator: Winters, Philip D
Description: In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from $1,336 billion (January) to $891 billion (March).
Contributing Partner: UNT Libraries Government Documents Department
The Budget for Fiscal Year 2004

The Budget for Fiscal Year 2004

Date: April 25, 2003
Creator: Winters, Philip D
Description: In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from $1,336 billion (January) to $891 billion (March).
Contributing Partner: UNT Libraries Government Documents Department
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