Word: surpluses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
WASHINGTON, D.C.: Thanks to the surging U.S. economy, White House and Congressional Republican negotiators are close to a deal to balance the budget by 2002. Better-than-expected tax receipts meant that the Treasury Department had enough surplus cash to pay off $65 billion of the federal debt in the current fiscal quarter, easing the need to implement deep budget cuts. "Any time there's a booming economy and increased tax revenues, it allows negotiators to project smaller losses from tax cuts and more money for government programs," TIME's James Carney notes. "The two sides get closer together without...
...committee was] very much in a surplus," said Benjamin R. Kaplan '98, a co-sponsor of the bill. "They made money instead of losing money...
BURLINGTON, VT--The Second Annual Eastern Senior All-Star game provided a surplus of excitment and goals for the 3,203 men's college hockey fans in attendance today as the ECAC all-stars edged the Hockey East seniors, 10-8, in an up-and-down, run-and-gun offensive shootout at the University of Vermont's Gutterson Fieldhouse...
...overall health turns out to be a tricky matter. The numbers it reports to the IRS are very different from those it discloses in its annual reports to the university community. Its latest federal tax return shows Penn finishing fiscal 1995, which ended last June 30, with an apparent surplus of revenue over expenses totaling $182.8 million, which is more than its undergraduates paid in tuition. But its annual report for the same period, compiled under a different set of accounting rules, shows a surplus of $63.4 million--which then, through the miracle of university accounting, disappears to yield...
Social Security, however, is not in crisis. In fact, Social Security has never added a penny to the federal deficit. Over the past 62 years, its payroll taxes have brought in more than they have paid out. It is Social Security's surplus that finances part of the national debt. Over the next 75, however, the program is out of balance, and this is the grain of truth behind the crisis rhetoric. The program faces an actuarial imbalance of 2.17 percent. That means that over the next 75 years, Social Security will be expected to pay out 2.17 percent more...