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United States Debt-ceiling Crisis Of 2013
The 2013 United States debt-ceiling crisis centered on the raising of the federal government debt ceiling, and is part of an ongoing political debate in the United States Congress about federal government spending and the national debt. The crisis began in January 2013, when the United States reached the debt ceiling of $16.394 trillion that had been enacted following the 2011 debt ceiling crisis. Members of the Republican Party in Congress opposed raising the debt ceiling, which had been routinely raised previously on a bipartisan basis without conditions, without additional spending cuts. They refused to raise the debt ceiling unless President Obama would have defunded the Affordable Care Act (Obamacare), his signature legislative achievement. The US Treasury began taking extraordinary measures to enable payments, and stated that it would delay payments if funds could not be raised through extraordinary measures, and the debt ceiling was not raised. During the crisis, approv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Debt Ceiling
The United States debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus limiting how much money the federal government may pay on the debt they already borrowed. The debt ceiling is an aggregate figure that applies to the gross debt, which includes debt in the hands of the public and in intra-government accounts. About 0.5% of debt is not covered by the ceiling. As of July 2019, it appeared that the government would default on its obligations within a couple months. The budget problem was caused in part by lower tax revenue (due to new tax legislation that took effect in the 2018 tax year under which many companies had their taxes drastically reduced) and in part by the government having already reached its borrowing limit ($22 trillion as of March 2019). Relationship to federal budget The process of setting the debt ceiling is separate and distinct from the United States budget process, and raising ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Family Research Council
The Family Research Council (FRC) is an American evangelical activist group and think-tank with an affiliated lobbying organization. FRC promotes what it considers to be family values. It opposes and lobbies against: access to pornography, embryonic stem-cell research, abortion, divorce, and LGBT rights (such as anti-discrimination laws, same-sex marriage, same-sex civil unions, and LGBT adoption). The FRC has been criticized by media sources and professional organizations such as the American Sociological Association for using "anti-gay pseudoscience" to falsely conflate homosexuality and pedophilia, and falsely to claim that the children of same-sex parents suffer from more mental health problems. FRC was formed in the United States in 1981 by James Dobson and incorporated in 1983. In the late 1980s, FRC officially became a division of Dobson's main organization, Focus on the Family; however, after an administrative separation, FRC became an independent entity in 1992. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congressional Budget Office
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress. Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. Whereas politicians on both sides of the aisle have criticized the CBO when its estimates have been politically inconvenient, economists and other academics overwhelmingly reject that the CBO is partisan or that it fails to produce credible forecasts. There is a consensus among economists that "adjusting for legal restrictions on what the CBO can assume about future legislation and events, the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals." History The Congressional Budget Office was created by Title II of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Day
Labor Day is a federal holiday in the United States celebrated on the first Monday in September to honor and recognize the American labor movement and the works and contributions of laborers to the development and achievements of the United States. The three-day weekend it falls on is called Labor Day Weekend. Beginning in the late 19th century, as the trade union and labor movements grew, trade unionists proposed that a day be set aside to celebrate labor. "Labor Day" was promoted by the Central Labor Union and the Knights of Labor, which organized the first parade in New York City. In 1887, Oregon was the first state of the United States to make it an official public holiday. By the time it became an official federal holiday in 1894, thirty states in the U.S. officially celebrated Labor Day. Canada's Labour Day is also celebrated on the first Monday of September. More than 80 other countries celebrate International Workers' Day on May 1, the ancient European holiday of May ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congressional Research Service
The Congressional Research Service (CRS) is a public policy research institute of the United States Congress. Operating within the Library of Congress, it works primarily and directly for members of Congress and their committees and staff on a confidential, nonpartisan basis. CRS is sometimes known as Congress' think tank due to its broad mandate of providing research and analysis on all matters relevant to national policymaking. CRS has roughly 600 employees reflecting a wide variety of expertise and disciplines, including lawyers, economists, reference librarians, and scientists. In the 2016 fiscal year, it was appropriated a budget of roughly $106.9 million by Congress. CRS was founded during the height of the Progressive Era as part of a broader effort to professionalize the government by providing independent research and information to public officials. Its work was initially made available to the public, but between 1952 and 2018 was restricted only to members of Congr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fox News
The Fox News Channel, abbreviated FNC, commonly known as Fox News, and stylized in all caps, is an American multinational conservative cable news television channel based in New York City. It is owned by Fox News Media, which itself is owned by the Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan. Fox News provides service to 86 countries and overseas territories worldwide, with international broadcasts featuring Fox Extra segments during ad breaks. The channel was created by Australian-American media mogul Rupert Murdoch in 1996 to appeal to a conservative audience, hiring former Republican media consultant and CNBC executive Roger Ailes as its founding CEO. It launched on October 7, 1996, to 17 million cable subscribers. Fox News grew during the late 1990s and 2000s to become the dominant United States cable news subscription network. , approximately 87,118,000 U.S. households (90.8% of television subscr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
113th United States Congress
The 113th United States Congress was a meeting of the legislative branch of the United States federal government, from January 3, 2013, to January 3, 2015, during the fifth and sixth years of Barack Obama's presidency. It was composed of the United States Senate and the United States House of Representatives based on the results of the 2012 Senate elections and the 2012 House elections. The seats in the House were apportioned based on the 2010 United States census. It first met in Washington, D.C. on January 3, 2013, and it ended on January 3, 2015. Senators elected to regular terms in 2008 were in the last two years of those terms during this Congress. The Senate had a Democratic majority, while the House had a Republican majority; such a split would not be repeated until the 118th Congress. This was the last time Democrats held control of the Senate until the 117th Congress in 2021. Major events * January 4, 2013: Joint session to count the Electoral College votes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
No Budget, No Pay Act Of 2013
The No Budget, No Pay Act of 2013 (; ) is a law passed during the 113th United States Congress. The Act temporarily suspended the US debt ceiling from February 4 to May 18, 2013. It also placed temporary restrictions on Congressional salaries. Background An earlier version of the No Budget, No Pay Act (unrelated to the debt ceiling) was originally introduced in early 2012 by Jim Cooper, a Democratic congressman from Tennessee. It stipulated that congressmen in the United States Congress would not get paid unless they passed a budget by October 1, 2012.Nocera, Kate"'Fix Congress Now' rallies around Cooper's 'No Budget, No Pay Act'" ''Politico'', 16 May 2012. Retrieved on 8 November 2012.Weigant, Chris"No Budget, No Pay Act" ''The Huffington Post'', 14 March 2012. Retrieved on 9 November 2012.Cunningham, Paige W"2-party Group Puts Pay on Line in Get Budget Passed in House" ''The Washington Times'', 16 May 2012. Retrieved on 9 November 2012. The bill received limited bipartisan su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Continuing Resolution
In the United States, a continuing resolution (often abbreviated to CR) is a type of appropriations legislation. An appropriations bill is a bill that appropriates (gives to, sets aside for) money to specific federal government departments, agencies, and programs. The money provides funding for operations, personnel, equipment, and activities. Regular appropriations bills are passed annually, with the funding they provide covering one fiscal year. The ''fiscal year'' is the accounting period of the federal government, which runs from October 1 to September 30 of the following year. When Congress and the president fail to agree on and pass one or more of the regular appropriations bills, a continuing resolution can be passed instead. A continuing resolution continues the pre-existing appropriations at the same levels as the previous fiscal year (or with minor modifications) for a set amount of time. Continuing resolutions typically provide funding at a rate or formula based on th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget Sequestration In 2013
The 2013 budget sequestration refers to the automatic spending cuts to United States federal government spending in particular categories of outlays that were initially set to begin on January 1, 2013, as a fiscal policy as a result of Budget Control Act of 2011 (BCA), and were postponed by two months by the American Taxpayer Relief Act of 2012 until March 1 when this law went into effect. The reductions in spending authority were approximately $85.4 billion (versus a reduction of $42 billion in actual cash outlays) during fiscal year 2013, with similar cuts for years 2014 until 2021. However, the Congressional Budget Office estimated that the total federal outlays would continue to increase even with the sequester by an average of $238.6 billion per year during the following decade, although at a somewhat lesser rate. The cuts were split evenly (by dollar amounts, ''not'' by percentages) between the defense and non-defense categories. Some major programs like Social Security, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States House Committee On The Budget
The United States House Committee on the Budget, commonly known as the House Budget Committee, is a standing committee of the United States House of Representatives. Its responsibilities include legislative oversight of the federal budget process, reviewing all bills and resolutions on the budget, and monitoring agencies and programs funded outside of the budgetary process. The committee briefly operated as a select committee in 1919 and 1921, during the 66th and 67th United States Congresses, before being made a standing committee in 1974. Role of the committee The primary responsibility of the Budget Committee is the drafting and preparation of the Concurrent Resolution on the Budget, commonly referred to as the "budget resolution". This resolution sets the aggregate levels of revenue and spending that is expected to occur in a given fiscal year. A budget resolution by law must be enacted by Congress by April 15. This target date is rarely met, and in at least four years (FY19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Ryan
Paul Davis Ryan (born January 29, 1970) is an American former politician who served as the List of Speakers of the United States House of Representatives, 54th speaker of the United States House of Representatives from 2015 to 2019. A member of the Republican Party (United States), Republican Party, he was the Vice President of the United States, vice presidential nominee in the 2012 United States presidential election, 2012 election running alongside Mitt Romney, but lost to incumbent president Barack Obama and then-vice president Joe Biden. Ryan is a native of Janesville, Wisconsin and graduated from Miami University in 1992. He spent five years working for Congress in Washington, D.C. He became a speechwriter and returned to Wisconsin in 1997 to work at his family's construction company. He was elected to Congress to represent the following year, replacing a Republican Congressman who left and ran for U.S. Senate. Ryan would represent the district for 20 years. He chaired t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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