Word: across-the-board
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...less than luxurious setting of Andrews Air Force Base, outside Washington. Away from the press and lobbyists, White House and congressional leaders will attempt to fashion an agreement before the Oct. 1 deadline set by the Gramm- Rudman-Hollings Act. If they fail, $100 billion in across-the-board spending cuts -- the so-called sequester -- will go into effect, with $25 billion coming out of military spending and the rest from such activities as prosecuting drug kingpins, closing veterans' hospitals and suspending student loans...
...recession heightened by a leap in oil prices triggered by the Persian Gulf crisis, Bush and Congress have only 20 legislative days left before the Gramm-Rudman-Hollings deadline falls. If no agreement can be reached on paring the deficit to $64 billion by Oct. 1, across-the-board spending cuts -- the so-called sequester -- will go into effect, closing airports, canceling children's vaccinations and forcing federal prisons to furlough hundreds of inmates. Although the deficit problem may seem familiar, even tiresome, it is more acute than ever: Administration estimates for this year have grown from $100 billion...
...call for across-the-board cuts to helpbalance the state budget, Bellotti distancedhimself from the current Democratic administrationand one of his chief rivals for the gubernatorialnomination, Lt. Gov. Evelyn Murphy. Murphy, who isslated to announce her candidacy on Tuesday,supports tax increases to maintain current stateprograms...
Gimmicks? Of course. About $4.6 billion in deficit reduction comes from allowing the across-the-board cuts triggered by Congress's failure to adopt a ) budget in October to remain in effect through the first week of February. By declaring the Postal Service's deficit "off budget," the number crunchers "saved" $1.7 billion. A similar bit of wizardry -- prepaying a $3 billion Pentagon payroll in the 1989 fiscal year -- "reduced" the 1990 deficit by that amount. Bush was in no position to resist the sleight of hand: the legerdemain was originally concocted by his budget director, Richard Darman...
...live without a capital-gains tax cut. After failing to force the Senate to include such a reduction in next year's budget bill, Bush abandoned the idea last week. The President's backdown could provide the basis for a compromise that would undo $16 billion in across-the-board spending cutbacks that went into effect last month. If no agreement can be reached, $8.1 billion will be slashed from popular programs such as Medicare and college loans...