Obama had also proposed reducing agricultural subsidies to farmers with sales of more than half a million dollars a year, a notion that farm-state senators like Conrad, who have disproportionate influence on the Budget and Finance Committees, rejected.
This was particularly true during the drafting and preparation of the finance and budget laws now before parliament.
Another risk lies in the fact that America depends on China to help finance its budget and current-account deficits.
There appears to be a rift between the prime minister and the finance minister over how to pursue budget cuts and tax increases.
Since the draft budget was announced on 5 October 2009, the finance committee and various other subject committees have been scrutinising the budget in detail.
This action enabled the U.S. to finance its trade and budget deficits which were caused mainly by the Vietnam War.
However, amid the deep spending cuts, including slashing pension benefits and civil servant pay, euro-zone countries are slowing and investors have been concerned about the ability of nations such as Spain and Italy to finance their budget deficits in the bond markets.
Ms. Coloretti is a recipient of the National Public Service Award, the Public Policy and International Affairs Achievement Award, and the Government Finance Officers Association Distinguished Budget Presentation Award.
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He intended to talk about campaign finance reform, a balanced budget, Medicare and Social Security.
This means that Palaniappan Chidambaram is back as finance minister, and will pilot his sensible budget through parliament.
Economic development agency Invest NI cannot spend its current budget and is planning to give millions back to the Department of Finance at Stormont.
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At long last this is close to being decided I gather - but one significant outstanding issue is whether there will be a Finance Committee to scrutinise the government's budget and spending.
In light of the flood of government debt to finance budget deficits from the U.S. and Europe, demand for interest rate products that market participants use for hedging or speculation could outstrip our current forecasts.
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Finance Committee chair Jennifer McCann said no budget was perfect and there were a lot of negatives and positives when budgeting public finances.
It is based on the fact that the sum of the budget deficit, the capital inflow to finance the trade deficit, and the difference between domestic saving and domestic investment equals zero.
Last month, the European Court of Justice annulled a decision by EU finance ministers to suspend action against Germany and France over budget deficits.
She also confirmed that she was holding regular talks with the Welsh First Minister Carwyn Jones and the Finance Minister Jane Hutt about the impact of the budget.
Given the urgency, the emergency bill will doubtless have to be rammed through before Parliament rises for the Summer, on July 19, so something in the current programme, which includes the Finance Bill, which enacts the Budget, an Opposition Day and the polishing off of the Fixed Term Parliaments Bill, will have to be ditched.
Nor is it against the euro, only against excessively strict budget-deficit rules (and, by implication, against cuts at home to finance bail-outs abroad).
The legal changes necessary to bring in the new tax charge on child benefit - a policy announced by the coalition in 2010 and confirmed in this year's Budget - are contained in the current Finance Bill which is currently being considered by Parliament.
He handed budget control to the product division heads, with only centralized costs like human resources and finance out of their hands.
This week, with the 1999 budget legislation stuck in the Knesset, Yaacov Ne'eman, the finance minister and a close personal adviser to the prime minister, walked out.
He was speaking during the second part of a debate on the Finance Committee's Report on the Scottish Spending Review and Draft Budget 2012-13 on 22 December 2011.
The immediate cause of the sharp fall in bond prices seems to have been rooted in the byzantine world of Italian politics, and in particular, an acrimonious spat between Silvio Berlusconi, the prime minister, and Giulio Tremonti, the finance minister, over provisions in an emergency budget.
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Richard Bruton, finance spokesman for the opposition Fine Gael party, called the budget "jobless and joyless".
She was the finance minister and Doe wanted her particularly to explain the country's budget to the soldiers.
Its government essentially balanced the budget in 2007 and 2008 after years of deficit spending, according to the International Institute of Finance.
And Mr Aso has chosen Shoichi Nakagawa, a potential budget-buster like himself, as finance minister.
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Up in Georgetown, the finance minister, Bharrat Jagdeo, still projects 3% growth and a manageable budget deficit.
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