The result: $1.1 billion added to the deficit in the federal budget.

Clinton's advisers pressured him to raise taxes on the theory that a smaller federal budget deficit would reduce bond interest rates.

Under Clinton, the United States had a projected federal budget surplus for the first time since 1969.

The successful American businessman and investor Warren Buffett was quoted in the Associated Press ( January 20, 2006 ) as saying " The U. S trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to political turmoil ...

The FDA's federal budget request for fiscal year ( FY ) 2012 totaled $ 4. 36 billion.

The FDA's federal budget request for fiscal year ( FY ) 2008 ( October 2007 through September 2008 ) totaled $ 2. 1 billion, a $ 105. 8 million increase from what it received for fiscal year 2007.

When combined with the sharp decline in incomes during the early depression, the result was a serious deficit in the federal budget.

In January 1995, Kemp's stated reason for not entering the 1996 Republican Party presidential primaries was that his personal beliefs were out of balance with the contemporary Republican political landscape: Kemp opposed term limits, he always preferred tax cuts to anything resembling a balanced budget amendment and, unlike most Republicans, favored federal incentives to combat urban poverty.

The national oil company, Petronas, provides about 40 % of the federal budget in taxes, dividends and royalties.

* 1995 – A budget standoff between Democrats and Republicans in the U. S. Congress forces the federal government to temporarily close national parks and museums and to run most government offices with skeleton staffs.

Only the National Assembly can approve the federal budget and all finance bills.

About 1 trillion rubles ($ 42. 7 billion ) is to be allocated from the federal budget to nuclear power and industry development before 2015.

Despite these promises, Askin and the new Country Party Leader, Charles Cutler, lost the election to Heffron, mainly due to the adverse reactions of voters towards the November 1960 " horror budget " and credit squeeze made by the federal Liberal government of Robert Menzies.

A budget outlining 2011 ’ s federal expenditures was also put before and approved by members of parliament, with the payment of civil service employees prioritized.

A budget outlining 2011 ’ s federal expenditures was also put before and approved by members of parliament, with the payment of civil service employees prioritized.

Recent impulses for reform center on concerns for extending democracy and balancing the federal budget.

All foreign affairs activities — U. S. representation abroad, foreign assistance programs, countering international crime, foreign military training programs, the services the Department provides, and more — are paid for by the foreign affairs budget, which represents little more than 1 % of the total federal budget.

More attention was drawn to the race by the budget stalemate in 1995 between the Congress and the President, which caused temporary shutdowns and slowdowns in many areas of federal government service.

The General Accounting Office was created to assure oversight in the federal budget expenditures.

In the area of federal spending, Taft initiated reforms which would revolutionize the Executive's role in the federal government's budget process.

Then, from October 24 – October 29, stock prices suffered three multi-digit percentage drops, wiping out more than $ 30 billion from the New York Stock Exchange ( 10 times greater than the annual budget of the federal government ).

* October 24 – October 29 – Wall Street Crash of 1929: Three multi-digit percentage drops wipe out more than $ 30 billion from the New York Stock Exchange ( 10 times greater than the annual budget of the federal government ).

* The first United States federal budget bill is introduced by Alexander Hamilton.

It became effective as a federal government standard on May 26, 2002 after approval by the Secretary of Commerce.

In May 1924, O ' Banion discovered that their Sieben Brewery was going to be raided by federal agents and sold his share to Torrio.

In May 2005, the only remaining state-level red-green coalition government lost the vote in the North Rhine-Westphalia state election, leaving only the federal government with participation of the Greens ( apart from local governments ).

The National Defense Authorization Act for 2012 would have authorized indefinite detention of suspected terrorists, but enforcement of the relevant section was blocked by a federal court on May 16, 2012, ruling on a suit brought by a number of private citizens, including Chris Hedges, Daniel Ellsberg, Noam Chomsky, and Birgitta Jonsdottir.

At the May 1969 federal elections, the UMNO-MCA-MIC Alliance polled only 48 percent of the vote, although it retained a majority in the legislature.

In May 2007, a bill entitled the " Stop Trading on Congressional Knowledge Act, or STOCK Act " was introduced that would hold congressional and federal employees liable for stock trades they made using information they gained through their jobs and also regulate analysts or " Political Intelligence " firms that research government activities.

James Dobson, a prominent conservative spokesman, said the Judeo-Christian tradition includes the right to display the following documents in Kentucky schools, after they were banned by a federal judge in May 2000 as " conveying a very specific governmental endorsement of religion ":

Edison sued to gain control of the patent ; however, after a federal court upheld the validity of the patent in 1907, Edison began negotiation with Biograph in May 1908 to reorganize the Edison licensing system.

After the defeat of the Howard government at the 2007 federal election, Fraser claimed Howard approached him in a corridor, following a cabinet meeting in May 1977 regarding Vietnamese refugees, and said: " We don't want too many of these people.

A federal republic was established in May 2008, with only four members of the 601-seat Constituent Assembly voting against the change, which ended 240 years of royal rule in Nepal.

The government announced a public holiday for three days, ( May 28 — May 30 ), to celebrate the country becoming a federal republic.

Merger plans came to a head in May 2008, when the Queensland state Liberal Party gave an announcement not to wait for a federal blueprint but instead to merge immediately.

In May 1998, three white supremacists were arrested for allegedly planning a nationwide campaign of assassinations and bombings targeting " Morris Dees, an undisclosed federal judge in Illinois, a black radio-show host in Missouri, Dees's Southern Poverty Law Center in Alabama, the Simon Wiesenthal Center in Los Angeles, and the Anti-Defamation League in New York.

Between May 31 and June 9, 2008, representatives of Somalia's federal government and the moderate Alliance for the Re-liberation of Somalia ( ARS ) group of Islamist rebels participated in peace talks in Djibouti brokered by the former United Nations Special Envoy to Somalia, Ahmedou Ould-Abdallah.

Between 31 May and 9 June 2008, representatives of Somalia's federal government and the moderate Alliance for the Re-liberation of Somalia ( ARS ) group of Islamist rebels participated in peace talks in Djibouti brokered by the former United Nations Special Envoy to Somalia, Ahmedou Ould-Abdallah.

* May 10 – Richard ( Dick ) Darman, American federal government official and businessman

Governmental employers in the US ( that is, federal, state, county, and city governments ) are currently barred from offering 401 ( k ) plans unless they were established before May 1986.

* May 27 – In re Debs: The Supreme Court of the United States decides that the federal government has the right to regulate interstate commerce, legalizing the military suppression of the Pullman Strike.

On May 6, 2004, his wife, Lea Fastow, a former Enron assistant treasurer, pled guilty to a misdemeanor tax charge and was sentenced to one year in a federal prison in Houston, and an additional year of supervised release.

After the federal and eastern governments failed to reconcile, on 26 May the Eastern region voted to secede from Nigeria.

On the evening of 10 May 1935, Lustig was arrested by federal agents on charges of counterfeiting after an anonymous phone call was made, out of jealousy, by his mistress Billy May, who became jealous when she learned of the romance between him and Shaw's young mistress Marie.

Following the Nazi seizure of power in 1933, Alfred Meyer was appointed Reichsstatthalter ( deputy governor ) of Lippe und Schaumburg-Lippe in May 1933 and he was made Staatsminister ( governor ) of the federal government for Lippe und Schaumburg-Lippe in August 1936.

The federal legislature moved to Canberra on 9 May 1927, with the opening of the Provisional Parliament House.