Word: budgeting
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Sources: Congressional Budget Office and the Joint Committee on Taxation...
Funds go directly to states to help them narrow their deficits and bridge budget gaps...
...Rajapaksa can vanquish Prabhakaran, he will have just one foe left: the economy. The cost of the war may be more than the country can afford, with the defense budget far exceeding the government's revenue after servicing of the national debt. "It just doesn't work," says Harsha da Silva, an economist and consultant to the Asian Development Bank. A victory would reduce that spending but might also bring down with it a rural economy propped up by soldiers' salaries and pensions. In many villages, the army is the main employer, and without it, families will begin to feel...
Barack Obama calls them the Propeller-Heads, the cheerful band of financial nerds he has charged with saving America's economy. And on the Friday before Presidents' Day weekend, they were ready to show him the latest piece of their rescue plan: the 2010 federal budget. Having just squeezed through Congress what may be the largest spending bill in history, the President now needed to do something that would make the stimulus fight look easy: show the country and the world that he was as serious about preventing waste as he was about promoting growth. Only a lean federal budget...
When Obama walked into the Roosevelt Room in the West Wing, his economic wizards, led by Budget Director Peter Orszag and economy boss Larry Summers, were all wearing rainbow-colored baseball caps topped with goofy blue propellers...