Political parties
Senate Budget Committee Chairman Pete Domenici, R-N.M., unveiled a $1.6 trillion spending plan that aims to cut nearly $1 trillion in spending, bring the budget into balance at $1.9 trillion in 2002, and eliminate annual spending deficits projected to be about $200 billion a year under President
Political parties
The Republican Party's reputation for balancing the budget is on the line as they unveil their budget plan in the Senate, a promise made during the "Contract with America" campaign. Despite the failure to enact the balanced budget proposal, the party's leaders now aim
Political parties
Senate Democratic leader Tom Daschle and a delegation of 15 party colleagues met with President Clinton at the White House on Thursday, reaffirming their commitment to resisting Republican demands for budget cuts in Medicare. The meeting was a key moment in the ongoing battle of rhetoric between the two parties
Political parties
Republican congressional leaders, Senate Majority Leader Bob Dole and House Speaker Newt Gingrich, have challenged President Clinton to discuss reforms in Medicare, citing a report by the Medicare Board of Trustees that concludes the program will be bankrupt within seven years. The White House has dismissed an earlier GOP call
Budgets
The Senate Republicans, led by Bob Dole, unexpectedly called off a scheduled final vote on a proposed constitutional amendment to require a balanced federal budget after it became apparent that supporters did not have the necessary 67 votes. The move came after a tense day of high-stakes lobbying, with senators
Budgets
Ryan Lake, a 48-year-old fisherman from West Coast British Columbia, has been working on the docks and salmon and herring boats for 15 years. However, after scanning the recent federal budget, Mr. Lake has decided to get out of the industry due to the devastating impact of the budget cuts
Clinton, Bill
President Clinton and top administration officials have issued a firm collective warning against a proposed constitutional amendment requiring a balanced budget, citing its potential to force the courts to establish the federal budget if Congress fails to balance it. The president endorsed several objections raised by Senate Democrats, including the
Political parties
Finance Minister Paul Martin vowed to address Canada's financial challenges when delivering his long-awaited federal budget on February 27. He insisted that he will not make drastic cuts to social programs, such as old-age pensions and unemployment insurance, as proposed by the Reform Party. The Reform Party'
Clinton, Bill
President Clinton's 1996 budget outlines a comprehensive plan for tax cuts and education aid, focusing on middle-class families and individuals. The proposed measures include a middle-class bill of rights, which consists of $60 billion in new tax cuts over the next five years for college tuition, families with
Political parties
Over 93% of Canadians who called in to a televised, interactive program organized by the Reform Party urged the federal government to hold the line on taxes while reducing spending substantially in most departments. The program, which allowed viewers to dial in and vote on their preferred budget model, was
Clinton, Bill
House defense appropriations and authorization committees, led by Chairman Bill Young (R-Fla.) and Chairman Floyd Spence (R-S.C.), are advocating for a significant increase in defense spending, not only for FY '96 but also for the next five years. The proposal was discussed in a closed meeting with House
Clinton, Bill
President Clinton's FY 1996 budget proposal includes significant funding increases for various crime-fighting initiatives, building on the momentum of the 1994 Violent Crime Control Act. The proposal reflects the administration's continued commitment to addressing violent crime and ensuring public safety. However, House and Senate Republicans have
