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Former OMB director Leon Panetta told the House Budget forum to "do something," urged a deficit-to-GDP target near 3% and said a bipartisan commission could give members political cover to enact tough reforms.

Chief Business Officer presented a 45‑day budget revision showing roughly $38.3 million in additional revenue (mostly one-time), including $12.2M for special education and nearly $9.9M for certificated salaries; presenters warned that structural deficits reappear in multiyear projections and asked staff to pursue deficit-reduction options.

Rep. Jody Arrington, chair of the House Committee on the Budget, outlined a plan to reduce annual deficits from roughly 6% of GDP to 3% within ten years, citing spending restraint, targeting improper payments and use of reconciliation; he said a House vote could come quickly but would require a rules waiver.

The Federal Workforce is Large….FDA’s Is Small But Important Deficit Reduction Will Reduce the Federal Workforce….FDA Is Affected But Not Specifically Targeted President Clinton Significantl...

Madison Local received a Department of Education and Workforce notice showing projected deficits in the current year and the next two forecast years; the board unanimously approved a written deficit‑reduction plan and several immediate reductions to avoid departmental oversight.

As a Radical Independent and Extreme Moderate, I only care about data. For 45 years, the data shows Republicans explode deficits while Democrats reduce them. Prove me wrong with facts, not feelings.

Union Budget 2025-26 sets fiscal deficit target at 4.4% of GDP, focusing on employment-led growth with investment in agriculture, MSMEs, and exports, while revising gross borrowing to ₹14.82 lakh cror...

Budget committee emphasizes need for council's acknowledgment of fiscal priorities and actions

PARIS (Reuters) - French Finance Minister Eric Lombard opened the door on Friday to letting the deficit reduction target slip this year, ruling out extra spending cuts and tax increases to offset a potential shortfall in growth. Speaking to BFM TV, Lombard said things were uncertain and it was necessary to wait to see in the coming weeks how negotiations with the United States would go over recently announced tariffs to have a better idea of its impact on the French economy. If tariffs on the European Union - announced on Wednesday to be 20% on EU imports, with higher levels on certain French territories - were maintained, Lombard said: "in that case, revenue would decrease, the GDP would decrease, which would - without getting too technical - degrade the level of the deficit, and I think in that case, to protect the French people, I think we must accept that." The central bank for the euro zone’s second largest economy had forecast growth of 0.9% this year, down from 1.1% last year, but has revised that expectation downwards to 0.7%. But Paris still has one of the biggest fiscal gaps in the EU and, unlike other big European countries, it will not be able to bring its debt burden to pre-pandemic levels by the end of the decade. Which stock should you buy in your very next trade? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

TikTok video by GrumpyChineseGuy🇨🇦🇨🇳

TikTok video by GrumpyChineseGuy🇨🇦🇨🇳

Congressman Ro Khanna on Tuesday unveiled a progressive plan to cut the deficit by $12 trillion and enable investment in "essential programs for ordinary Americans: childcare, universal healthcare,…