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The Budget for Fiscal Year 2006

Description: The Senate and the House each passed spending reduction reconciliation bills. A conference agreement of approximately $40 billion in reductions was reached on December 19, but has yet to clear Congress. The Senate passed a five-year revenue reduction reconciliation bill on December 8. The net effect of the legislation on the budget would be to raise the deficit in fiscal year 2006 and over the five-year period covered in the legislation.
Date: January 5, 2006
Creator: Winters, Philip D.
Partner: UNT Libraries Government Documents Department
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