Our fiscal situation is something that this administration, the fiscal commission and Congress will spend a lot of time on.
Nine areas of priority were highlighted, including reforming public administration, fiscal reform, financial liberalization to allow for more international bank participation in the Chinese economy, social welfare reform, urbanization, agriculture modernization, and technology and innovation.
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So one of the central goals of this administration is restoring fiscal responsibility.
In a tight fiscal environment, the Bush administration has hewed closely to the receipts-based funding in its budget requests.
Shortly after the November elections, Republicans en masse began to acknowledge that the party had lost its way on the issue of fiscal discipline during the Bush administration.
If the fiscal commission or if the administration can find either savings on the spending side or changes in tax expenditures so that the outlook is more favorable, the fiscal outlook, then maybe a modified version of continuing the tax cuts.
WHITEHOUSE: President Obama Meets with Economic Recovery Advisory Board | The White House
When the administration unveils its fiscal 2010 budget Thursday, the key items to look for will be how the White House proposes to handle the ballooning costs of entitlement programs--Medicare, Medicaid and Social Security--and how it will offset the recent stimulus funding.
The LOBO administration inherited a difficult fiscal position with off-budget debts accrued in previous administrations and government salaries nearly equivalent to tax collections.
In fact, last week the Social Security Administration reported that in fiscal 2009, ended Sept. 30, new applications for benefits increased by 22% to nearly 2.6 million.
He implores the prime minister to ditch this artificial dividing line and be candid with voters about the need for fiscal retrenchment whoever forms the next administration.
Under fire from reporters to reveal more about this plan, top administration officials stressed that fiscal stimulus is about growth, not a hand-out for the lowest earning Americans.
Unlike Mr Summers he is not an economist and brings no expertise to many of the big economic-policy questions that the Obama administration will confront such as health care, fiscal policy and taxes, even though he will be the primary spokesman on the administration's economic policies.
Congress' first priority, the president said, should be education, which would benefit from his administration's strategy of fiscal discipline and investment.
This is making Paul Krugman very happy, because he can point to bond market approval for the fiscal and monetary stimulus of the Obama administration that he has long championed.
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We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.
To date, the administration has said that there are fiscal restraints, budget cuts that you guys have outlined in your current budget.
Mr. Najib laid out ambitious plans for his next administration, such as reducing the fiscal deficit to 3% of GDP from the current 4.5%.
Wednesday, U.S. Treasury Secretary Geithner said the Obama administration is willing to go over the fiscal cliff if the wealthiest Americans are not taxed more.
Meanwhile, the administration plans to begin to reduce the fiscal deficit in 2012 and bring it below 4% of GDP by 2014 by adopting fiscal consolidation measures and reducing the primary deficit.
Almost daily since the beginning of the year the White House has leaked, and then officially released, enticing titbits about the administration's budget for the 2000 fiscal year, which will be formally presented to Congress on February 1st.
The administration is planning to issue a final "fiscal sustainability project" list of recommendations based on the conclusions of those working groups in 30 days.
The Food and Drug Administration approved 35 brand new medicines in its fiscal year 2012, which ended in September, according to an FDA report to be released later today.
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The Obama administration now wants to shift from monetary policy to fiscal policy and provide direct stimulus of demand.
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This also demonstrates the more coordinated nature of policy making in the (Brazilian president) Dilma Rousseff administration, as a lower neutral rate involves not only fiscal-monetary policy coordination but also microeconomic reforms.
Senate Republican leaders met with Administration officials to cobble together some kind of budget for fiscal 1983 that would produce overall federal deficits less gaping than those foreseeable under President Reagan's initial proposals.
Heading into the end of the year, one major focal point for the market place will be the so-called U.S. fiscal cliff tax and spending issues that the U.S. administration and Congress must address.
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And that would give a boost to confidence that the administration is really focusing on bringing down the out-year fiscal deficit.
WHITEHOUSE: President Obama Meets with Economic Recovery Advisory Board | The White House
He could begin by recognizing the closeness of the popular vote and appointing prominent Republicans to his administration and to a task force that leads this country to fiscal sanity.
The administration's original approach was to boost employment by underpinning demand with fiscal stimulus.
But, in a clear reference to the incoming administration's economic policy, he warned against deep cuts and urged fiscal discipline.
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