Budget Cut Proposals

Abstract

<p>The U.S. House and Senate have now made specific proposals for budget cuts that are designed to eliminate the federal budget deficit by the year 2002. These proposals still have to go th rough the process of floor debate, passage by each body, conference between the two bodies, passage of the conference report, and approval or veto by President Clinton. A Presidential veto would imply further voting and perhaps further changes to these proposals in the Congress. Although there are numerous opportunities for these figures to change, the initial figures give a strong indication of where things are going.</p>