Everybody seems to be betting on averting sequestration mandates contained in the budget law.
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The Budget Law also prohibits this maneuver, but it has been practiced openly for years.
The budget law level-loads sequestration cuts in a manner that minimizes changes after the first year.
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Correspondents say the budget law is expected to be passed by the end of the month.
Sequestration, the second wave of cuts under the budget law, doubles that amount.
But the guillotine-like mechanism of sequestration is unlikely to be triggered in the way that the budget law mandates.
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The late night broadcasts were a low budget law unto themselves, with reluctant professors thrust uncomfortably in front of the camera.
The budget law adds a whole new layer of ambiguity to the usual election-year jitters, because it is arcane and untested.
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The "culture tax" was likely to be included in a budget law to be submitted to parliament in November, Ms Filipetti said.
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The new budget law extended a tax waiver on cooking oil and sugar imported from abroad until the end of the year.
For instance, many sector investors are concerned right now that sequestration of federal funds will trigger on January 2 as mandated by the budget law.
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Fifth, the budget law requires that all accounts not exempted from sequestration in 2013 be cut by the same percentage down to the individual program level.
And it was made worse when President Obama announced last summer that he would exercise his authority under the budget law to exempt military personnel from the cuts.
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Earlier this spring, Congress approved a stop-gap budget law that would, among other things, ease budget cuts for the departments of Agriculture, Commerce, Defense, Homeland Security, Justice, and Veterans Affairs.
America will remain by far the greatest military power (and spender) in the world, and the consequences of an ill-conceived budget law will prove to be much less onerous than we currently fear.
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Though Mr. Campbell talks of toughening a balanced-budget law, he has also admitted that his plan to reduce income taxes without making big spending cuts means renewed deficits in provincial finances until 2004.
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Congress had previously been bound by a budget law which said that any new spending would have to be balanced by a cut in spending somewhere else, but that provision partly expired in November and has not been renewed.
President Cavaco Silva made the surprise announcement in his New Year's speech, the day after signing the budget into law.
If this budget became law, by the middle of the century, funding for the kinds of things I just mentioned would have to be cut by about 95 percent.
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If this budget becomes law and the cuts were applied evenly, starting in 2014, over 200, 000 children would lose their chance to get an early education in the Head Start program.
WHITEHOUSE: President Obama Speaks at the Associated Press Luncheon
The budget process was criticized for continuing Albany's tradition of closed-door negotiations among top leaders with little if any real role for rank-and-file lawmakers, who under a budget reform law were supposed to hash out spending agreements in public.
Maine made prospective changes to its estate tax too, as part of its budget signed into law last week by Republican Gov. Paul LePage.
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Even if the Ryan budget were made law immediately, the debt limit would still have to be increased within the next several weeks anyway, says Rajadhyaksha.
But when there are large surpluses, Wall Street does not care a bit if there is no budget deal and law makers feel free to strike poses and throw tantrums.
Federal law requires that CBO present current-law budget projections.
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Foster, a senior fellow at the Heritage Foundation and a former associate director at the White House's Office of Management and Budget, the law that allows publicly traded partnerships to be taxed as corporations is inherently flawed because it allows non-corporations to be taxed as corporations.
The Obama administration and Democrats point out that the Congressional Budget Office has estimated the health care law will reduce total annual budget deficits between now and 2021.
Mr Monti has said he will try to pass a budget and financial stability law before the 2013 elections.
In order for a budget agreement to become law, right -- the Republicans don't control both the executive branch and the legislative branch, and the Democrats don't control both.
Increases in the estimated impact of the law on private insurance premiums, along with increases in the estimated cost of health care more generally, have led the Congressional Budget Office to increase its estimate of the budget cost of the law's coverage expansion.
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