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new budget

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  1. '96
  2. '98
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  4. '02
  5. '04
  6. '06
  7. '08
  8. '10
  9. '12
  10. '14
  11. '16

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Occurrences in the Congressional Record

Entry Title Date
Balanced Budget Amendment February 11, 2016
Orrin Hatch, R-UT
"The Congressional Budget Office has a new budget, an economic outlook that projects the national debt rising by nearly $10 trillion over the next decade. Looking beyond the next decade, CBO says that under current law, the national debt will explode to more than 150 percent of GDP, the highest level in American history. CBO also says that interest on the national debt is one of the engines driving the debt even higher. A national debt of this magnitude undercuts the economic growth necessary to minimize borrowing to fund the government. Rising interest costs for such a monstrous debt add to the debt on which more interest must then be paid."
Budgetary Revisions December 18, 2015
Michael Enzi, R-WY
"Madam President, on November 2, 2015, the President signed the Bipartisan Budget Act of 2015 into law, H.R. 1314, P.L. 114-74. This bill passed the House of Representatives by a vote of 266 to 167 and the Senate by a vote of 64 to 35. Section 101 of H.R. 1314 redefined the term “discretionary spending limit” to add $50 billion in budget authority for fiscal year 2016. This increase was split evenly between defense and nondefense spending. More specifically it increased the fiscal year 2016 discretionary spending limit for the revised security category to $548.091 billion in new budget authority and the revised nonsecurity category to $518.491 billion in new budget authority. Section 3404 of the fiscal year 2016 budget resolution provides me with the authority to adjust levels and allocations for such changes in definitions in enacted legislation. I am therefore adjusting the allocation to the Committee on Appropriations and the budgetary aggregates to reflect the spending limits of the Bipartisan Budget Act of 2015."
Trade Act Of 2015—Continued October 29, 2015
Rand Paul, R-KY
"CATO writes: “The Gipper’s [Ronald Reagan’s] ghost is probably looking down from heaven at the new budget deal between congressional leaders and the Obama administration and saying `there they go again.”’"
The Budget October 28, 2015
Richard Durbin, D-IL
"Mr. President, it is possible this week that we will pass a budget agreement for the fiscal year we are currently in. That year started October 1 and runs, of course, until the end of December in the next calendar year. If we do reach that agreement—and I hope we do—it is going to give us some opportunities. One opportunity it will give us is to spare ourselves the possibility of this Congress failing to enact a new budget ceiling to basically guarantee the full faith and credit of the United States of America. We won’t face that showdown. Also, the possibility of a government shutdown will be relieved by the passage of this budget agreement."
Legislation In Congress October 28, 2015
John Cornyn, R-TX
"Well, for the first time in 6 years, the Committee on Appropriations had voted out all 12 of those bills. The reason they were able to do so is because under this new majority, we were able to actually pass a new budget, which gave the top capped spending lines to the Appropriations Committee so they could do their job to consider those spending bills, to rearrange priorities, and hopefully gain greater efficiency and economize on the spending."

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