united_states federal budget united_states federal budget budget fund government operations fiscal year lasted october september original spending request issued president barack_obama february april republican held house_of_representatives announced competing plan path prosperity major victory congressional elections associated movement budget plans intended focus deficit reduction differed changes taxation programs defense spending research funding house resolution pass senate senate pass resolution budget record actual bills fiscal year included continuing resolutions year bills enacted november december accordance united_states budget process greatly affected passed august resolution debt ceiling crisis mandated budget cuts year period beginning fiscal year addition legislation passed extend cut payroll tax entirety calendar year background february president obama formed recommend steps taken reduce future budget commission released report november recommended deep domestic military spending cuts reforming tax system eliminating tax breaks return lower overall rates reducing benefits plan receive vote commission needed directly sent congress portions plan rejected parties budget proposals obama administration proposed budget february aimed reduce annual sustainable levels making selective cuts spending increasing support specific areas education clean energy foster long term economic growth plan contain specific proposals spending programs expected increase deficit future years budget represented shift obama administration strategy previous years increased government spending combat late 2000s recession budget plan instead projected reduce years republicans criticized plan going far reduce future competing plan called path prosperity announced house republicans led chairman april plan cut spending years reduce tax income current projections plan reduction defense spending obama administration plan major changes expected pass cost programs individuals cut energy research applied research development plan criticized democrats cutting programs benefit innovation cutting defense spending containing deep tax cuts house republican plan defeated senate margin votes day obama budget defeated response republican plan recent deal budget president obama april presented alternative plan major policy speech new plan cut years combination broad spending cuts tax increases including bush tax cuts proposed cap increases spending paid individuals obama criticized republican plan wealthy tax cuts placing greater economic burden elderly cuts obama plan criticized republicans large cuts defense spending lack specific detail june hearing director asked agency proposals presidential address don estimate speeches said need provided speech motion proceed republican sponsored bill meant represent original obama administration budget proposal defeated senate margin votes lack democratic support said original budget superseded obama april speech legislation implications debt limit deal controversy arose july raising federal debt limit needed prevent default united_states government republicans congress demanded spending cuts budgets subsequent years return raising debt limit july republican led house passed bill margin require billion cuts spending levels defense cuts limit subsequent federal spending gross national product compared current immediately increase debt limit required congress pass balanced budget amendment united_states constitution increasing debt limit bill vote senate july defeated alternate plan proposed gang senators favored obama administration contain deficit reduction decade including new revenue large spending cuts including healthcare defense failed gain traction rival plans prepared senate democrats house republicans democratic plan immediately raise debt limit elections decrease spending billion years republican plan cut total billion years raise debt limit stages immediately early form committee recommend second half budget cuts passed congress increase debt limit plan included revenue increases cuts programs vote republican plan delayed times conservative members caucus refused support altered require passage balanced budget amendment second stage debt limit increases passed house republicans opposing bill defeated senate hours later vote democratic plan prepared taken july president obama leadership legislative chambers reached deal debt limit legislation deal guaranteed immediate eventual debt limit increases mandated billion spending cuts years billion included budget congress choice accepting recommendation deficit reduction cut deficit spending cuts revenue increases accepting automatic budget cuts national security funding including defense spending start budget congress required vote balanced budget amendment august passed house republicans democrats voting bill august passed senate signed law president obama day august date estimated department treasury borrowing authority exhausted initial continuing resolutions controversy federal budget legislation expected enacted september deadline work began continuing resolution fund government temporarily november board reduction budget levels dispute arose republican led house democrat led senate additional funding costs associated relief hurricane extra funding partially offset cuts disaster relief fund million remaining prior hurricane landfall august billion threshold caused act immediate needs status delaying long term projects favor urgent tasks proposed cuts targeted program fund development fuel efficient automobiles program guaranteed loan recently bankrupt corporation senate rejection house bill september raised possibility government october subsequently determined million left fund late september final week fiscal year fund fact run money led senate passing pair continuing resolutions september lasting october session house_of_representatives time consider second resolution funded government seven weeks fiscal year november house passed short term resolution september unanimous consent unusual example passing legislation pro session house came normal session second continuing resolution passed vote october legislation passed november bill enacted consolidated continuing act combined bills contained continuing resolution providing funding departments december december deal reached remaining bills combined point contention earlier draft bill supported republicans contained new restrictions travel cuba relaxed obama administration restrictions removed enacted bill insistence obama administration separate disaster relief act included package concurrent resolution offset increased disaster funding imposing board spending cut programs defense continuing resolutions passed extending deadline day senate vote package december bills enacted december concurrent resolution failed senate december senate passed legislation extend payroll tax cut previously enacted budget negotiations legislation reduced rate calendar year initial extension months year extension sought legislation extended unemployment benefits measure preventing drop rates spending offset new fees points contention included democratic plan fund tax cut new income million dropped later stages negotiation attempts republicans insert language speed approval pipeline recently delayed obama administration bill initially rejected house leaders insisted year extension despite fact senate year criticism republicans harm prospects upcoming elections house leadership december announced pass senate bill return democrats promptly beginning negotiations year extension bill middle class tax relief job creation act passed house signed president later day tax cut extension remainder year passed middle class tax relief job creation act february vote house senate bill contained extension unemployment benefits rates cost tax cut offset spending cuts provisions offset cuts federal healthcare pension programs republican support bill motivated desire oppose tax cut election year democrats criticized bill directing spending cuts federal employees generating funds increasing taxes wealthy closing tax major initiatives following provisions enacted final budget legislation new funding long distance high speed rail included budget funding originally introduced bill proved controversial republican governors elected elections subsequently rejected federal funding rail projects states funding short distance routes eliminated house version restored enacted bill budget increased billion increased slightly billion billion budget cut million retaliation office allegedly ignoring provision budget legislation banning pursuing collaborations china funding james space successor space maintained funding legislation contained ban federal funds enforce phase light mandated requires recipients million grants comply energy efficiency standards regular funding increased billion billion including pay raise military personnel funding wars iraq afghanistan reduced billion billion funding race education program cut million million proposal create educational technology research development program similar vein successful research agency enacted obama administration requested create climate service similar national_weather_service request enacted transfers prisoners detention camp united_states prohibited language transfers countries revised forbidden consolidating maintaining certain firearms records prohibited health officials use federal money advocate gun control total revenues spending obama administration budget request contained revenues expenditures deficit april republican plan contained revenues deficit enacted budget contained receipts deficit total receipts total agency budget divided parts base budget overseas operations includes iraq war war afghanistan total budget function
2012 United States federal budget