First of all, defense spending only represents a fifth of the federal budget, but under the sequestration provisions of the Budget Control Act half of all the mandated savings must come from the military.
If Congress fails to break the current state of political gridlock, the sequestration cuts signed that are part of the Budget Control Act of 2011 would be triggered.
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The Supercommittee (6 members of the House of Representatives and 6 Senators divided equally between Democrats and Republicans) was established by the Budget Control Act of 2011, enacted to end the debt-ceiling crisis of last spring and summer.
The Budget Control Act of 2011 was intended to provide breathing space and to buy time.
The deadline was created by legislation, the Budget Control Act of 2011.
The Budget Control Act of 2011 will cut off government subsidies of lower interest graduate student loans starting July 2012.
Further reductions are coming with the Budget Control Act of 2011 and the failure of the equally misnamed congressional super-committee.
The law creating the sequester (the Budget Control Act of 2011) lowers statutory caps on the spending authority of federal agencies.
Automatic, across-the-board budget cuts on January 2, 2013 as stipulated in the Budget Control Act of 2011 will impact all government programs with few exceptions, such as Medicare, Medicaid and Social Security.
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The bill also does nothing to help the financial aid prospects for graduate and professional school students, who will lose their eligibility for subsidized Stafford loans beginning July 1, under the Budget Control Act of 2011.
Yet the sequester formula that goes into effect on Friday preserves the spending priorities legislated by the Congress and the president, including exemptions and limitations they favored when the Budget Control Act of 2011 became law.
Beyond the politics of defense cuts, the wording of the Budget Control Act makes more slashing of weapons accounts inevitable if sequestration is triggered.
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The political discussion will center on the automatic spending cuts put in place by the sequester clause of the 2011 Budget Control Act, the expiration of the Bush tax cuts coupled with other tax increases, the debt ceiling, and entitlement reform, among other things.
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But there has been limited progress towards the kind of political union - or central control of budget-making, borrowing and supervision of banks - that many would see as necessary to the eurozone's long-term survival.
He said the new arrangements for the NHS, which will kick in next year, would help as giving GPs control of the budget would lead to much better integration of services and so ensure the right checks for conditions such as diabetes were carried out.
They required complete control of the budget for campaign expenses. (One of their rules: save seventy-five per cent of your budget for the month before Election Day.) The firm grossed about two hundred and fifty thousand dollars a year.
The Health and Social Care Bill introduces the biggest shake-up since the founding of the NHS in 1948, putting GPs in control of much of its budget and encouraging greater competition with the private sector.
As if all that fiscal uncertainty were not enough, on March 1 the sequestration provisions of the Budget Control Act that were delayed by a bipartisan agreement at the beginning of the year are supposed to trigger.
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The federal budget is out of control and state budgets are struggling across the country.
The Health and Social Care Bill's proposals include giving GPs control of much of the NHS budget and opening up the health service to greater competition from the private and voluntary sector.
On the issue of budget cuts, these are the product of a bipartisan bill, the Budget Control Act that was passed, as you know, in August.
An aide said Mr. Cuomo has been focused above all in recent months on the passage of a new state budget and tougher gun-control laws in the wake of the school shooting in Newtown, Conn.
One change being introduced is "personalisation" - giving families their own personal budget and control over their choice of services.
The sequester was put into place as part of the Budget Control Act in order to compel Congress to do its job.
Nobody can dispute the fact that if we don't tackle surging health care costs, that we can't get control of our budget.
Nobody intended the provisions of the Budget Control Act to be enacted.
The start of automatic spending cuts triggered by a White House-Congress debt-hike deal and passed as part of the Budget Control Act in 2011.
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One is we believe that a CR should be practical, it should be non-political, and it should be consistent with levels of the Budget Control Act.
And it is our understanding -- at least on the last point -- that the CR in question is consistent with the levels of the Budget Control Act.
The whole point of the Budget Control Act was to create a trigger, a forcing mechanism that was so onerous that nobody wanted it to come to pass.
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