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Obama Administration directs agencies to cut 2015 budget proposals by as much as 10 percent

  • Arent Fox LLP
  • -
  • USA
  • -
  • June 5 2013

On May 29, 2013, the Office of Management and Budget (OMB) distributed a memo to all federal agencies directing them to reduce their overall Fiscal

Arent Fox 2012 federal election analysis

  • Arent Fox LLP
  • -
  • USA
  • -
  • November 7 2012

The 2012 Presidential and Congressional elections, the most costly in U.S. history, have concluded for all but a few races still not tallied and the results look vaguely similar to the 112th Congress

Countdown to federal budget sequestration: what you need to know

  • Arent Fox LLP
  • -
  • USA
  • -
  • May 2 2012

May 2, marks the 8-month mark in the countdown to possible federal budget “sequestration” that could reduce federal spending in 2013 by roughly $109 billion, across defense and nondefense discretionary spending programs

President Obama signs into law two-phase spending reduction plan to avert historic default

  • Arent Fox LLP
  • -
  • USA
  • -
  • August 3 2011

After final approval by the Senate, President Obama signed into law a historic legislative package combining new authority for the US Government to borrow at least $2.1 trillion with a variety of statutory provisions designed to offset such new borrowing by mandating spending reductions and other savings over a 10-year period

Twelve-member congressional Joint Select Committee on Deficit Reduction to identify $1.5 trillion in cuts, health care spending targeted

  • Arent Fox LLP
  • -
  • USA
  • -
  • August 2 2011

The US House of Representatives passed a debt ceiling package (Budget Control Act, House Rules Committee Amendment to S. 365) by a vote of 269 to 161 to lift the debt ceiling and avoid default

President Obama, Congressional negotiators agree to two-phase spending reduction plan to avert historic default

  • Arent Fox LLP
  • -
  • USA
  • -
  • August 1 2011

Late Sunday night, Congressional negotiators and President Obama finalized a historic legislative package combining new authority for the US Government to borrow at least $2.1 trillion with a variety of statutory provisions designed to offset such new borrowing by mandating spending reductions and other savings over a 10-year period