The Budget for Fiscal Year 2006

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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 ... continued below

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Winters, Philip D. July 25, 2006.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 53 times . More information about this report can be viewed below.

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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.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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  • July 25, 2006

Added to The UNT Digital Library

  • Dec. 11, 2008, 8:26 p.m.

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  • Feb. 9, 2017, 8:13 p.m.

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Citations, Rights, Re-Use

Winters, Philip D. The Budget for Fiscal Year 2006, report, July 25, 2006; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs10386/: accessed February 20, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.