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The Budget Control Act of 2011: Budgetary Effects of Proposals to Replace the FY2013 Sequester

Description: Report that provides information on the levels of deficit reduction if the Budget Control Act's (BCA) automatic cuts are implemented as under current law and contrasts that with the alternative proposals offered by some Members of Congress and President Obama. It also discusses specific determinations made by the Office of Management and Budget regarding the exempt/non-exempt status of certain programs, as well as a discussion of information to be disclosed regarding the FY2013 BCA sequester impact.
Date: August 24, 2012
Creator: Levit, Mindy R.

The Budget Control Act of 2011: Legislative Changes to the Law and Their Budgetary Effects

Description: This report provides information on the levels of deficit reduction that would occur if the Budget Control Act's (BCA) automatic cuts are implemented as under current law, contrasted with alternative proposals offered by some Members of Congress and President Obama. It also discusses specific determinations made by the Office of Management and Budget regarding the exempt/non-exempt status of certain programs, as well as a discussion of information to be disclosed regarding the FY2013 BCA sequester impact.
Date: March 6, 2014
Creator: Levit, Mindy R.

Budgetary Treatment of Federal Credit (Direct Loans and Loan Guarantees): Concepts, History, and Issues for Congress

Description: The purpose of this report is to explain the provisions of the Federal Credit Reform Act of 1990 or FCRA; examine the implementation of credit reform, including credit reform provisions of the Balanced Budget Act of 1997 (P.L. 105- 33, §1011; 111 Stat. 254,692); discuss proposed modifications of credit reform; and describe proposed legislation in the 113th Congress.
Date: June 24, 2014
Creator: Levit, Mindy R.

Ebbs and Flows of Federal Debt

Description: This report will define the measures of debt, discuss the mechanisms of how debt levels change, and use historical examples to illustrate the factors causing debt movements over the last seven decades. In addition, some policies which may affect the future budgetary outlook and the debt will be discussed.
Date: October 20, 2008
Creator: Levit, Mindy R.

The Federal Budget: Issues for FY2011, FY2012, and Beyond

Description: The federal budget is central to Congress's ability to exercise its "power of the purse." Over the last several fiscal years the imbalance between spending and revenues has grown as a result of the economic downturn and policies enacted in response to financial turmoil. In FY2010, the last completed fiscal year, the U.S. government spent $3,456 billion (23.8% of GDP) and collected $2,162 billion in revenue (14.9% of GDP), resulting in a budget deficit of $1,294 billion (8.9% of GDP).
Date: April 12, 2011
Creator: Levit, Mindy R.

The Federal Budget: Issues for FY2011, FY2012, and Beyond

Description: The federal budget is central to Congress's ability to exercise its "power of the purse." Over the last several fiscal years the imbalance between spending and revenues has grown as a result of the economic downturn and policies enacted in response to financial turmoil. In FY2010, the last completed fiscal year, the U.S. government spent $3,456 billion (23.8% of GDP) and collected $2,162 billion in revenue (14.9% of GDP), resulting in a budget deficit of $1,294 billion (8.9% of GDP).
Date: April 29, 2011
Creator: Levit, Mindy R.

The Federal Budget: Issues for FY2013 and Beyond

Description: The federal budget is central to Congress's ability to exercise its "power of the purse." Over the last several fiscal years the imbalance between spending and revenues has grown as a result of the economic downturn and policies enacted in response to financial turmoil. This report discusses how a growing budget deficit will affect the FY2013 budget and government spending.
Date: May 1, 2012
Creator: Levit, Mindy R.

The Federal Budget: Issues for FY2013 and Beyond

Description: The federal budget is central to Congress's ability to exercise its "power of the purse." Over the last several fiscal years the imbalance between spending and revenues has grown as a result of the economic downturn and policies enacted in response to financial turmoil. This report discusses how a growing budget deficit will affect the FY2013 budget and government spending.
Date: March 27, 2012
Creator: Levit, Mindy R.

The Federal Budget: Issues for FY2013 and Beyond

Description: The federal budget is central to Congress's ability to exercise its “power of the purse.” Over the last several fiscal years the imbalance between spending and revenues has grown as a result of the economic downturn and policies enacted in response to financial turmoil. This report looks at ways in which Congress and the Obama Administration have acted in order to reduce US budgetary issues.
Date: February 17, 2012
Creator: Levit, Mindy R.

The Federal Budget: Overview and Issues for FY2015 and Beyond

Description: This report will provide an overview of federal budget issues, focusing on recent fiscal policy changes. It will also discuss the major policy proposals contained in the President's FY2015 budget and the House and Senate budget resolutions. Finally, it also addresses major short- and long-term fiscal challenges. This report will track legislative events related to the federal budget and will be updated as budgetary legislation moves through Congress.
Date: November 4, 2014
Creator: Levit, Mindy R.

The Federal Budget: Overview and Issues for FY2016 and Beyond

Description: This report provides an overview of federal budget issues, focusing on recent fiscal policy changes. It also discusses the major policy proposals contained in the President's FY2016 budget and the House and Senate budget resolutions. Finally, it also addresses major short- and long-term fiscal challenges. This report tracks legislative events related to the federal budget and will be updated as budgetary legislation moves through Congress.
Date: March 6, 2015
Creator: Levit, Mindy R.

The Federal Debt: An Analysis of Movements from World War II to the Present

Description: This report will define the measures of debt, discuss the reasons why debt levels change, and use historical examples to illustrate the factors causing debt movements over the last seven decades. Recent policies that have affected the budgetary outlook and the debt will also be discussed. Finally, this report will examine the long-term U.S. debt outlook and implications of rising federal debt levels.
Date: September 17, 2010
Creator: Levit, Mindy R.

The FY2011 Federal Budget

Description: This report examines the federal budgets for the fiscal years 2011 and 2012. It gives an overview of the federal budget, addresses the problems of budgeting in a strained economy, and discusses considerations for Congress, both in the short term and the long term.
Date: June 17, 2010
Creator: Levit, Mindy R.

The FY2011 Federal Budget

Description: This report provides an historical overview of the budget trends through the most recently completed fiscal year (2009). It discusses major budgetary challenges over the past several fiscal years given the current economic conditions and provides an in-depth discussion of the FY2011 budget process. Finally, it provides context for the issues facing the country's federal budget over the long term.
Date: March 9, 2010
Creator: Levit, Mindy R.

The FY2011 Federal Budget

Description: This report provides an historical overview of the budget trends through the most recently completed fiscal year (2009). It discusses major budgetary challenges over the past several fiscal years given the current economic conditions and provides an in-depth discussion of the FY2011 budget process. Finally, it provides context for the issues facing the country's federal budget over the long term. This report will be updated as events warrant.
Date: August 4, 2010
Creator: Levit, Mindy R.

Impact on the Federal Budget of Freezing Non-Security Discretionary Spending

Description: In his FY2011 budget proposal, the President made several proposals to immediately curb spending, while acknowledging that additional steps are needed to achieve long-term fiscal stability. This report examines the impact on the federal budget of the President's proposals, specifically the proposed freeze in non-security discretionary spending and how the freeze might change the fiscal outlook over the 10-year budget window.
Date: April 12, 2010
Creator: Levit, Mindy R.