2011 United States federal budget

None March 2012 United States federal budget Budget of the United States federal government 2011 United States 2010 United States federal budget 2010 2012 United States federal budget 2012 February 1, 2010http://www.gpo.gov/fdsys/pkg/CREC-2010-02-01/pdf/CREC-2010-02-01-pt1-PgS390-4.pdf Congressional Record - S390 Government Publishing Office March 20, 2015 Barack Obama 111th Congress April 15, 2011 (Pub.L. 112-10) $2.567 trillion (requested)Summary Tables http://www.gpo.gov/fdsys/search/pagedetails.action?packageId=BUDGET-2011-BUD 2011 Budget of the U.S. Government United States Office of Management and Budget December 8, 2011 February 1, 2010$2.303 trillion (actual)Summary Tables http://www.gpo.gov/fdsys/search/pagedetails.action?granuleId=BUDGET-2013-BUD-29&packageId=BUDGET-2013-BUD 2013 Budget of the U.S. Government United States Office of Management and Budget March 15, 2013 February 13, 201215.0% of GDP (actual) $3.834 trillion (requested)$3.603 trillion (actual)23.4% of GDP (actual) $1.645 trillion (requested) 10.9% of GDP$1.30 trillion (actual)http://www.gpo.gov/fdsys/pkg/BUDGET-2016-TAB/pdf/BUDGET-2016-TAB.pdf#page=30 Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–): 1789–2020 Government Publishing Office October 9, 20158.5% of GDP (actual) $14.764 trillion (at fiscal end)96.0% of GDPhttps://obamawhitehouse.archives.gov/sites/default/files/omb/budget/fy2016/assets/hist.pdf#page=158 Fiscal Year 2016 Budget Historical Tables Office of Management and Budget October 8, 2015 mdy-all $15.379 trillionhttp://www.gpo.gov/fdsys/pkg/BUDGET-2016-TAB/pdf/BUDGET-2016-TAB.pdf#page=32 Table 1.2—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–) AS PERCENTAGES OF GDP: 1930–2020 Government Publishing Office October 8, 2015 Office of Management and Budget The 2011 United States federal budget was the budget to fund government operations for the fiscal year 2011. The budget was the subject of a spending request by President Barack Obama.Kristi Keck http://www.cnn.com/2010/POLITICS/10/01/fiscal.resolutions/ Top 10 Fiscal New Year's Resolutions CNN October 1, 2010 April 9, 2011Sahadi Jeanne https://money.cnn.com/2010/09/12/news/economy/federal_budget/index.htm https://web.archive.org/web/20100913174043/http://money.cnn.com/2010/09/12/news/economy/federal_budget/index.htm dead September 13, 2010 New year, but no new federal budget – Sep. 12, 2010 CNN September 12, 2010 April 9, 2011 The actual appropriations for Fiscal Year 2011 had to be authorized by the Congress before they could take effect, according to the U.S. budget process. No budget was passed by the September 30 deadline, and the government was funded by a series of seven continuing resolutions, which continued funding at or near 2010 levels. The budget negotiations culminated in early April 2011, with a tense legislative standoff leading to speculation that the nation would face its first government shutdown since 1995. However, a deal containing $38.5 billion in cuts from 2010 funding levels was reached with just hours remaining before the deadline. The 2011 budget was enacted on April 15, 2011, as Public Law 112-10, the Department of Defense and Full-Year Continuing Appropriations Act, 2011.Status of Appropriations Legislation for Fiscal Year 2011 http://thomas.loc.gov/home/approp/app11.html THOMAS Library of Congress November 15, 2011 April 7, 2011 https://web.archive.org/web/20110407092247/http://thomas.loc.gov/home/approp/app11.html dead Budget proposals President Barack Obama proposed his 2011 budget during February 2010. He has indicated that jobs, health care, clean energy, education, and infrastructure will be priorities. Total requested spending is $3.83 trillion and the federal deficit is forecast to be $1.56 trillion in 2010 and $1.27 trillion in 2011. Total debt is budgeted to increase from $11.9 trillion in FY2009, to $13.8 trillion in FY2010, and $15.1 trillion in FY2011.Runningen Roger https://www.bloomberg.com/apps/news?pid=20601087&sid=aiHxBMm.6mgo Retrieved 2010-02-01 Bloomberg Bloomberg February 1, 2010 August 27, 2010https://obamawhitehouse.archives.gov/omb/budget/fy2011/assets/tables.pdf Office of Management and Budget OMB-2011 Budget-Summary Table S-3 National Archives August 27, 2010 Research and development funding There was considerable debate on funding levels for science research by the federal government. The Obama administration's policy has been to support increases in research funding levels, including doubling the budgets of the National Science Foundation (NSF), Department of Energy Office of Science (DOE SC), and National Institute of Standards and Technology (NIST) from their 2006 levels by 2017,The President's Plan for Science and Innovation: Doubling Funding for Key Science Agencies in the 2011 Budget https://obamawhitehouse.archives.gov/sites/default/files/doubling_11_final.pdf United States Office of Science and Technology Policy 17 November 2011 and President Obama strongly featured innovation as a means for revitalizing the United States economy in his 2011 State of the Union Address.Stolberg Sheryl Gay Obama Calls for Bipartisan Effort to Fight for U.S. Jobs https://www.nytimes.com/2011/01/26/us/politics/26speech.html 15 February 2011 The New York Times 26 January 2011 A1 The Obama administration's fiscal year 2013 budget request included increases from the FY2011 budget by $232 million for the National Institutes of Health (NIH), $340 million for the NSF, $1.8 billion for DOE discretionary spending, and $104 million for NIST. Although there has been a budget decrease for the National Aeronautics and Space Administration (NASA) by $192 million (1.1%) since 2011.The President's Budget for Fiscal Year 2013 https://obamawhitehouse.archives.gov/sites/default/files/omb/budget/fy2013/assets/budget.pdf United States Office of Management and Budget 24 October 2012 https://web.archive.org/web/20170216190701/https://obamawhitehouse.archives.gov/sites/default/files/omb/budget/fy2013/assets/budget.pdf February 16, 2017 live mdy-all However, the Republican majority in the United States House of Representatives has stated a focus on the principles of deficit reduction and fiscal conservatism, on which they campaigned in the 2010 elections where they made large gains in representation in Congress.Hulse Carl Republican Leaders Yield to a Push for More Budget Cuts https://www.nytimes.com/2011/02/11/us/politics/11congress.html 15 February 2011 The New York Times 11 February 2011 A1 House Republicans promote their plan as the largest reduction in discretionary spending in the history of Congress, saying that they have "weeded out excessive, unnecessary, and wasteful spending, making tough choices to prioritize programs based on their effectiveness and benefit to the American people" with the goal of "returning our nation to a sustainable financial path."House Appropriations Committee Introduces CR Containing Largest Spending Cuts in History http://appropriations.house.gov/index.cfm?FuseAction=PressReleases.Detail&PressRelease_id=261 United States House of Representatives Committee on Appropriations 15 February 2011 https://web.archive.org/web/20110215041543/http://appropriations.house.gov/index.cfm?FuseAction=PressReleases.Detail&PressRelease_id=261 February 15, 2011 dead mdy-all They have thus proposed deep cuts to science research budgets, including cuts in fiscal year 2011 of $1.6 billion from the NIH, $400 million from the NSF, and $900 million from DOE SC.Mervis Jeffrey House Spending Panel Makes Deep Cuts to Research https://www.science.org/content/article/house-spending-panel-makes-deep-cuts-research ScienceInsider American Association for the Advancement of Science 15 February 2011 The deal reached on the 2011 budget in early April 2011 resulted in modest cuts to science programs, much less than the earlier proposals by House Republicans. NIH funding was cut by about $310 million, the NSF by about $68 million, and DOE SC by $35 million.Mervis Jeffrey Research Survives in 2011 Budget After Earlier Scare http://news.sciencemag.org/scienceinsider/2011/04/research-survives-in-2011-budget.html ScienceInsider American Association for the Advancement of Science 12 April 2011 12 April 2011 https://web.archive.org/web/20130517082927/http://news.sciencemag.org/scienceinsider/2011/04/research-survives-in-2011-budget.html May 17, 2013 dead mdy-all Legislation Beginning in September 2010, Congress passed a series of continuing resolutions to fund the government.http://thomas.loc.gov/home/approp/app11.html Status of Appropriations Legislation for Fiscal Year 2011 THOMAS Library of Congress April 5, 2011 April 5, 2011 April 7, 2011 https://web.archive.org/web/20110407092247/http://thomas.loc.gov/home/approp/app11.html dead Continuing Appropriations Act, 2011, funding from October 1, 2010, through December 3, 2010, passed on September 29, 2010. (Pub.L. 111-242) Joint resolution making further continuing appropriations for fiscal year 2011, and for other purposes, funding through December 18, 2010, passed on December 2, 2010. (111 290)https://www.usgs.gov/budget/whats_new.asp www.usgs.gov/budget/whats_new.asp March 12, 2011 https://web.archive.org/web/20101107031319/http://www.usgs.gov/budget/whats_new.asp November 7, 2010 dead Joint resolution making further continuing appropriations for fiscal year 2011, and for other purposes, funding through December 21, 2010, passed on December 17, 2010. (111 317) Continuing Appropriations and Surface Transportation Extensions Act, 2011, funding through March 4, 2011, passed on December 21, 2010. (111 322)http://appropriations.house.gov/index.cfm?FuseAction=PressReleases.Detail&PressRelease_id=246 Committee on Appropriations Appropriations.house.gov April 9, 2011 https://web.archive.org/web/20110113150949/http://appropriations.house.gov/index.cfm?FuseAction=PressReleases.Detail&PressRelease_id=246 January 13, 2011 dead mdy-all Further Continuing Appropriations Amendments, 2011, funding through March 18, 2011, passed on March 2, 2011. (Pub.L. 112-4) This resolution cut $4 billion from 2010 spending levels.https://www.washingtonpost.com/wp-dyn/content/article/2011/03/02/AR2011030203449.html Shailagh Murray Felicia Sonmez Lori Montgomery Obama signs short-term spending bill, averting federal shutdown Washington Post March 2, 2011 March 2, 2011 Additional Continuing Appropriations Amendments, 2011, funding through April 8, 2011, passed on March 16, 2011. (Pub.L. 112-6) This resolution cut an additional $6 billion from 2010 spending levels.Steinhauer Jennifer House Votes to End Money for NPR, and Senate Passes Spending Bill https://www.nytimes.com/2011/03/18/us/politics/18congress.html April 8, 2011 The New York Times March 18, 2011 A20 https://web.archive.org/web/20110324181930/http://www.nytimes.com/2011/03/18/us/politics/18congress.html March 24, 2011 live Further Additional Continuing Appropriations Amendments, 2011, funding through April 15, 2011, passed on April 9, 2011. (Pub.L. 112-8) This continuing resolution followed a deal on the full annual budget which was made with just hours remaining before a government shutdown. It itself contains an additional $2 billion in cuts. Democrats had previously rejected a Republican-backed resolution passed by the House before the deal, which would have funded the government for another week and cut an additional $12 billion from 2010 levels.Hulse Carl No Accord in Budget Talks as Policy Fights Hamper Deal https://www.nytimes.com/2011/04/08/us/politics/08congress.html April 8, 2011 The New York Times April 8, 2011 A1 https://web.archive.org/web/20110411141906/http://www.nytimes.com/2011/04/08/us/politics/08congress.html April 11, 2011 live It was widely anticipated that a government shutdown on April 8, 2011, was possible if a budget resolution or a seventh continuing resolution was not passed by the expiration of the sixth continuing resolution on April 8, 2011,Government Shutdown 2011 deadline approaching April 8 which would have caused the furlough of 800,000 out of 2 million civilian federal employees.Charles Riley, staff reporter https://money.cnn.com/2011/04/06/news/economy/federal_workers_shutdown/index.htm https://web.archive.org/web/20110408142439/http://money.cnn.com/2011/04/06/news/economy/federal_workers_shutdown/index.htm dead April 8, 2011 Shutdown: 800,000 federal workers in the dark – Apr. 6, 2011 CNN April 6, 2011 April 9, 2011Paletta Damian https://www.wsj.com/articles/SB10001424052748704013604576246612535953974 Government Prepares for Shutdown The Wall Street Journal April 6, 2011 April 9, 2011 However, a deal was reached with just hours remaining before the deadline, averting the shutdown. The deal included $38.5 billion in cuts from what had been budgeted for 2010, in addition to another $10 billion in cuts that had been imposed in some of the continuing resolutions.Shear Michael D. Deal at Last Minute Averts Shutdown; Nearly $40 Billion in Cuts Are Outlined https://www.nytimes.com/2011/04/09/us/politics/09fiscal.html April 9, 2011 The New York Times April 9, 2011 https://web.archive.org/web/20110409034208/http://www.nytimes.com/2011/04/09/us/politics/09fiscal.html April 9, 2011 liveSilverleib Alan Democrats, Republicans agree on a budget deal http://www.cnn.com/2011/POLITICS/04/08/congress.budget/ CNN April 9, 2011 Cohen, Tom April 8, 2011 However, the April 13 Congressional Budget Office estimate showed that, compared with then-current spending rates, the spending bill would cut federal outlays from non-war accounts by just $352 million through Sept. 30. About $8 billion in immediate cuts to domestic programs and foreign aid were offset by nearly equal increases in defense spending.CBO: Budget deal cuts this fiscal year's deficit by just $352 million, not $38 billion touted https://www.washingtonpost.com/business/cbo-budget-deal-cuts-this-fiscal-years-deficit-by-just-353-million-not-38-billion-touted/2011/04/13/AFFJnkWD_story.html https://web.archive.org/web/20110419191207/http://www.washingtonpost.com/business/cbo-budget-deal-cuts-this-fiscal-years-deficit-by-just-353-million-not-38-billion-touted/2011/04/13/AFFJnkWD_story.html April 19, 2011 The Washington Post April 14, 2011 April 13, 2011 dead Major initiatives The following initiatives were enacted in the final budget legislation: The Bush tax cuts in 2001 and 2003 were scheduled to expire if no action was taken. The Obama administration had proposed that the tax cuts would be allowed to expire only for individuals earning over $200,000 and families earning over $250,000. However, in December 2010 Congress along with President Obama struck a deal, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, to extend the said Bush tax cuts for another two years through the 2012 fiscal year. Current tax rates would remain as is for everyone across the board but payroll taxes would be lowered and the social security tax would be lowered by two percentage points. The budget allows NASA to terminate the Constellation program, a change which had already been announced by the Obama administration and authorized by Congress. The passage of the budget frees NASA to start working on the new initiatives, without making major cutbacks to overall NASA funding.Bhattacharjee Yudhijit NASA Science Budget Holds Steady http://news.sciencemag.org/scienceinsider/2011/04/nasa-science-budget-holds-steady.html ScienceInsider American Association for the Advancement of Science April 12, 2011 April 12, 2011 https://web.archive.org/web/20110417041710/http://news.sciencemag.org/scienceinsider/2011/04/nasa-science-budget-holds-steady.html April 17, 2011 dead mdy-all A clause inserted into the budget legislation by Representative Frank Wolf prohibits NASA and the White House Office of Science and Technology Policy from any joint scientific activity with China for the remainder of the 2011 fiscal year.Mervis Jeffrey Spending Bill Prohibits U.S.-China Collaborations http://news.sciencemag.org/scienceinsider/2011/04/spending-bill-prohibits-us-china.html ScienceInsider American Association for the Advancement of Science May 23, 2011 April 21, 2011 https://web.archive.org/web/20110427085804/http://news.sciencemag.org/scienceinsider/2011/04/spending-bill-prohibits-us-china.html April 27, 2011 dead mdy-all This prohibition resulted in Chinese journalists being denied access to the launching of Space Shuttle Endeavour on the mission STS-134.Hao Cindy Chinese Journalists Barred From Shuttle Launch http://news.sciencemag.org/scienceinsider/2011/05/chinese-journalists-barred-from.html ScienceInsider American Association for the Advancement of Science May 23, 2011 May 20, 2011 https://web.archive.org/web/20110524145800/http://news.sciencemag.org/scienceinsider/2011/05/chinese-journalists-barred-from.html May 24, 2011 dead mdy-all The following major changes were proposed to federal programs, but not necessarily enacted: The proposed budget contains $4 billion for the creation of a national infrastructure bank called the "National Infrastructure Innovation and Finance Fund."White House Budget Seeks $4B for Transportation Infrastructure Bank. Josh Voorhees. 2010-02-01. The New York Times. Retrieved February 4, 2010. This proposal is similar to the National Infrastructure Reinvestment Bank initiative previously proposed by Congress. The budget would cut $40 billion of tax subsidies for oil, gas and coal companies over the next decade.White House Budget Proposal Gives Ax to Fossil Fuel Tax Breaks, Some Interior Programs. Allison Winter, Darren Samuelsohn. 2010-02-01. The New York Times. Retrieved February 5, 2010. Banks would face a $90 billion tax in total over 10 years.December 2011 The Research & Experimentation Tax Credit would be made permanent.https://www.whitehouse.gov/omb/factsheet_key_innovation/ Federal Budget Fiscal Year 2011 – Fact Sheet on Innovation Office of Management and Budget 2010 June 15, 2010 https://web.archive.org/web/20100724023656/http://www.whitehouse.gov/omb/factsheet_key_innovation/ July 24, 2010 dead Appropriates $36 billion to the Department of Energy to distribute in loan guarantees for construction of new nuclear power plants and reactors. As part of the Energy Policy Act of 2005, this appropriation is to provide funding for 80% of the total cost of construction at approved nuclear sites in the coming years.US Nuclear Power Policy – http://www.world-nuclear.org/info/inf41_US_nuclear_power_policy.html https://web.archive.org/web/20110324004405/http://www.world-nuclear.org/info/inf41_US_nuclear_power_policy.html March 24, 2011 Total revenues and spending section the detailed breakdown of outlays March 2015 Total receipts (in billions of dollars): 2011 Actual Receipts by Source Individual income tax 44.0 #447C70 Social Security/other payroll tax 37.1 #A1C490 Corporate income tax 9.1 #006000 Deposits of earnings and Federal Reserve System 3.7 #00FF99 Excise tax 3.4 #00A000 Customs duties 1.3 #A8F96C Estate and gift taxes 0.6 #648029 Other miscellaneous receipts 0.9 #D5E9CF SourceRequestedhttp://www.gpo.gov/fdsys/pkg/BUDGET-2011-BUD/pdf/BUDGET-2011-BUD.pdf#page=155 Fiscal Year 2011 Budget of the U.S. Government Summary Tables Table S–4: Proposed Budget by Category United States Office of Management and Budget 14 March 2015Enactedhttp://www.gpo.gov/fdsys/pkg/BUDGET-2012-BUD/pdf/BUDGET-2012-BUD.pdf#page=180 Fiscal Year 2012 Budget of the U.S. Government Summary Tables Table S–4: Proposed Budget by Category United States Office of Management and Budget 14 March 2015Actualhttp://www.gpo.gov/fdsys/pkg/BUDGET-2013-BUD/pdf/BUDGET-2013-BUD.pdf#page=214 Fiscal Year 2013 Budget of the U.S. Government Summary Tables Table S–5: Proposed Budget by Category United States Office of Management and Budget 14 March 2015Individual income tax Corporate income tax Social Security and other payroll tax Excise tax Estate and gift taxes Customs duties Deposits of earnings and Federal Reserve System Allowance for jobs initiatives - -Allowance for health reform - -Other miscellaneous receipts Total In the Obama administration's initial spending request, the federal budget for 2011 was originally projected at $3.83 trillion in total spending. Obama's 2011 Budget Proposal: How It's Spent New York Times https://www.nytimes.com/interactive/2010/02/01/us/budget.html Shan Carter Amanda Cox February 1, 2010 The projected 2011 gross domestic product is listed at $13.519 trillion (in 2005 dollars). Real Projected Gross Domestic Product (GDP) and Growth Rates of GDP for Baseline Countries/Regions (in billions of 2005 dollars) 2000–2030 (Updated December 22, 2010) USDA, Economic Research Service http://www.ers.usda.gov/data/macroeconomics/Data/ProjectedRealGDPValues.xls April 11, 2011 https://web.archive.org/web/20110914073120/http://ers.usda.gov/Data/macroeconomics/Data/ProjectedRealGDPValues.xls September 14, 2011 dead mdy-all As of January 2011, the Congressional Budget Office (CBO) projected that if current laws remain unchanged, the federal budget will show a deficit of close to $1.5 trillion, or 9.8 percent of GDP. The CBO projects total revenues of $2.228 trillion and total outlays of $3.708 trillion for a deficit of $1.48 trillion for 2011. The deficits in CBO's baseline projections drop markedly over the next few years as a share of output and average 3.1 percent of GDP from 2014 to 2021. Those projections, however, are based on the assumption that tax and spending policies unfold as specified in current law. Consequently, they understate the budget deficits that would occur if many policies currently in place were continued, rather than allowed to expire as scheduled under current law.https://www.cbo.gov/ftpdocs/120xx/doc12039/SummaryforWeb.pdf | CBO Budget and Economic Outlook: FY 2011 to 2021 On February 14, 2011, President Obama released his 2012 federal budget request. The report updated the projected 2011 deficit to $1.590 trillion. This is based on estimated revenues of $2.228 trillion and outlays of $3.818 trillion.www.whitehouse.gov | OMB Budget Tables The enacted 2011 budget called for $2.314 trillion in receipts and $3.630 trillion in outlays, according to the September 1, 2011 Mid-Session Review.Fiscal Year 2012 Mid-Session Review Budget of the United States Government https://obamawhitehouse.archives.gov/sites/default/files/omb/budget/fy2012/assets/12msr.pdf United States Office of Management and Budget December 2, 2011 September 1, 2011 The 2011 Financial Report of the United States Government was released on December 23, 2011, showing a net operating cost and cash-based budget deficit for the year of $1.3 trillion.http://www.gao.gov/financial/fy2011financialreport.html 2011 Financial Report of the United States Government (vid. p.ii) Government Accountability Office December 24, 2011 According to the Government Accountability Office, the 'accrual deficit provides more information on the longer-term implications of the government's annual operations'.http://www.gao.gov/special.pubs/longterm/deficit/ Measuring the Deficit: Cash vs. Accrual Government Accountability Office December 24, 2011 October 15, 2013 https://web.archive.org/web/20131015143121/http://www.gao.gov/special.pubs/longterm/deficit/ dead Gross costs fell from $4,472 billion in 2010 to $3,998 billion, largely due to the release of accounting provisions (estimates of future liabilities), while total taxes and other revenues rose from $2,217 billion to $2,364 billion.http://www.gao.gov/financial/fy2011/11frusg.pdf 2011 Financial Report of the United States Government (vid. pp.ii, xv) Government Accountability Office December 24, 2011 The GAO was unable to provide an audit opinion on the 2011 financial statements due to 'widespread material internal control weaknesses, significant uncertainties, and other limitations'.http://www.gao.gov/press/financial_report_2011dec23.html Significant Financial Management and Fiscal Challenges Reflected in the U.S. Government's 2011 Financial Report Government Accountability Office December 24, 2011 As in 2010, the GAO cited as the principal obstacle to its provision of an audit opinion 'serious financial management problems at the Department of Defense that made its financial statements unauditable', highlighting also recurrent issues at the Department of Homeland Security.http://www.gao.gov/financial/fy2011/11frusg.pdf 2011 Financial Report of the United States Government (vid. pp.29–35) Government Accountability Office December 24, 2011 References 30em External links Status of Appropriations Legislation for Fiscal Year 2011 Department of Defense and Full-Year Continuing Appropriations Act, 2011 as amended (PDF/details) in the GPO Statute Compilations collection Official Government Printing Office 2011 Budget page Charlie Rose-2011 Budget Discussion with Bayh, Gregg, and Altman 2011 United States Category:2011 in American politics Category:Presidency of Barack Obama