41. U.S. Senate: Reference Home > Virtual Reference Desk > Budget The budget contains estimates of federal government income and spending for the upcoming fiscal year and also recommends funding levels for the federal http://www.senate.gov/reference/reference_index_subjects/Budget_vrd.htm

Home Reference Home Virtual Reference Desk Budget The President submits a budget to Congress by the first Monday in February every year. The budget contains estimates of federal government income and spending for the upcoming fiscal year and also recommends funding levels for the federal government. Congress then must pass appropriations bills based on the President's recommendations and Congressional priorities. If Congress does not pass all appropriations measures by the start of the fiscal year (October 1), it has to enact a continuing resolution to keep the government running. President's Budget Budget Committees The Senate Committee on the Budget was established in 1974 by the Congressional Budget Act Congressional Budget Office Senate Budget Committee House Budget Committee The Budget Process Overview of the Executive Budget Process (pdf) The Spending Pipeline: Stages of Federal Spending (pdf) The Congressional Budget Process Timetable (pdf) The Executive Budget Process Timetable (pdf) Budget Reconciliation Legislation: Development and Consideration (pdf) Budget Resolutions The annual budget resolution is an agreement between the House and Senate on a budget plan for the upcoming fiscal year and at least the following four fiscal years. The budget resolution is in the form of a

42. United States Senate Budget Committee Balance, us Senate budget Committee Hearing Health IT The federal Role budget Implications Chairman Gregg s opening statement http://www.senate.gov/~budget/republican/

Monday - September 19, 2005 11:38:56 AM TODAY'S NEWS: Transcript of Chairman Gregg's Floor Statement on Reconciliation Schedule Senate passes H. Con. Res. 95, 52 - 47 House-Senate Conference Committee Reports 2006 Budget Resolution Agreement Summary of Conference Agreement Excerpt of Chairman Gregg's Opening Statement Text of H.Con.Res. 95 Chairman Gregg Honors Cheri Reidy for 20 Years of Service to the Senate Budget Committee Senator Gregg and the Budget Committee recently honored Cheri Reidy, Director for Revenues and Budget Review, for 20 years of service to the committee. Chairman Gregg said on the Senate floor, "Cheri Reidy joined the Budget Committee in 1982. She holds a Master of Public Policy Analysis from the University of Rochester with an emphasis in statistical and economic analysis and program evaluation. Her undergraduate degree is in Psychology which, no doubt, serves her well in understanding the budget process." Long-term Challenges: " Federal entitlement programs are on the verge of being overwhelmed by the Baby Boom Generation, which begins retiring in 2008. These programs – Social Security, Medicare and Medicaid - represented just over half of all federal spending last year. But in just 10 years they will balloon to two-thirds of the entire budget

43. Bloomberg.com: U.S. us budget Deficit May Drop to $325 Bln This Year, Agency Says the nonpartisan Congressional budget Office said federal tax collections from people and http://www.bloomberg.com/apps/news?pid=10000103&sid=aWHbMYS3rEvY&refer=us

44. XML Budget Items, U.S. Federal Government, FY 2004 Excerpted from http//www.whitehouse.gov/omb/budget/fy2004/sheets/itspending.xls on June 5, 2003 (Figures in Millions) http://xml.gov/documents/completed/xmlitbudget04.htm

FY 2004 IT Budet Items Whose Description Expressly References XML Excerpted from http://www.whitehouse.gov/omb/budget/fy2004/sheets/itspending.xls on June 5, 2003 (Figures in Millions) Department of Health and Human Services Electronic Common Technical Document - e-CTD will provide FDA a method to receive, process Electronic Common Technical Documents (eCTD) and Electronic Investigational New Drug Applications (eIND), both of which will be submitted by pharmaceutical companies and will include review extensible markup language (XML) components. The ability to receive these electronic submissions is required in order to 1) meet internal and external goals for the quality and timeliness of the NDA and IND submission and review process and 2) support harmonization goals set forth by the International Conference on Harmonisation (ICH) regarding the ICH Common Technical Document (CTD) for NDA submissions. Small contracted projects - Small contracted projects contains investments to develop a Documentum-based document management system, to research methodolgies to communicate between Documentum and a transactional database, implementation of workflows to standardize work processes, and XML implementation of document maps. Subtotal, HHS

45. FuturePundit: US Federal Medical Research Budget To Lag Behind Inflation The us federal budget is running a large deficit. Cuts have to be made. But medical research is a pennywise pound-foolish place to cut spending. http://www.futurepundit.com/archives/002614.html

FuturePundit Future technological trends and their likely effects on human society, politics and evolution. Go Read More Posts On FuturePundit February 07, 2005 US Federal Medical Research Budget To Lag Behind Inflation The Bush Administration proposes to not allow biomedical research funding to keep up with inflation and therefore is effectively proposing cuts in biomedical research funding. Under the president's request, the budget of the National Institutes of Health, which doubled from 1998 to 2003, would rise by 0.7 percent, to $28.7 billion next year. That is much less than what would be needed to keep pace with the costs of biomedical research, which are rising more than 3.5 percent a year. For the National Science Foundation, Mr. Bush will request $5.6 billion in 2006, an increase of 2.4 percent, budget documents show. Mr. Bush requested an increase last year as well, but Congress ended up making a small cut in the agency's budget for this year. At the Food and Drug Administration, buffeted in recent months by concerns about drug safety, the budget would increase by 4.5 percent, to $1.9 billion. Aside on the FDA budget increase: What we need are more drugs in the drug pipeline, not more regulation of the drug development process.

46. FRB: Testimony, Greenspan--Budget Process Reforms--April 21, 2005 The federal Reserve Board eagle logo links to home page. Testimony of Chairman Alan Greenspan budget process reforms Before the budget Committee, us Senate http://www.federalreserve.gov/boarddocs/testimony/2005/20050421/default.htm

Testimony of Chairman Alan Greenspan Budget process reforms Before the Budget Committee, U.S. Senate April 21, 2005 Mr. Chairman, Senator Conrad, and members of the Committee, I am pleased to be here today to offer my views on the federal budget and related issues. I want to emphasize that I speak for myself and not necessarily for the Federal Reserve. In my judgment, the necessary choices will be especially difficult to implement without the restoration of a set of procedural restraints on the budget-making process. For about a decade, the rules laid out in the Budget Enforcement Act of 1990 and in the later modifications and extensions of the act provided a framework that helped the Congress establish a better fiscal balance. However, the brief emergence of surpluses in the late 1990s eroded the will to adhere to these rules, which were aimed specifically at promoting deficit reduction rather than at the broader goal of setting out a commonly agreed-upon standard for determining whether the nation was living within its fiscal means. Many of the provisions that helped restrain budgetary decisionmaking in the 1990sin particular, the limits on discretionary spending and the PAYGO requirementswere violated ever more frequently; finally, in 2002, they were allowed to expire. I do not mean to suggest that the nation's budget problems will be solved simply by adopting a new set of rules. The fundamental fiscal issue is the need to make difficult choices among budget priorities, and this need is becoming ever more pressing in light of the unprecedented number of individuals approaching retirement age. For example, future Congresses and Presidents will, over time, have to weigh the benefits of continued access, on current terms, to advances in medical technology against other spending priorities as well as against tax initiatives that foster increases in economic growth and the revenue base.

47. FRB: Testimony Of Federal Reserve Officials, Release Dates For 2005 The federal Reserve Board eagle logo links to home page Skip to content Before the Committee on the budget, us House of Representatives http://www.federalreserve.gov/boarddocs/testimony/2005/

Skip to content Testimony of Federal Reserve Officials September 8, 2005 Patrick Parkinson Deputy Director, Division of Research and Statistics Commodity Futures Modernization Act of 2000 Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate July 20, 2005 Chairman Alan Greenspan Federal Reserve Board's semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives Chairman Greenspan presented identical testimony before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, on July 21, 2005 June 23, 2005 Chairman Alan Greenspan China Committee on Finance, U.S. Senate June 21, 2005 Governor Mark Olson Regulatory relief Committee on Banking, Housing, and Urban Affairs, U.S. Senate June 9, 2005 Chairman Alan Greenspan The economic outlook Before the Joint Economic Committee, U.S. Congress June 9, 2005 Governor Donald L. Kohn Regulatory relief Before the Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services, U.S. House of Representatives May 17, 2005

48. "Cluster" The U.S. Federal Budget Cluster the us federal budget. Vivisimo has a new specialty interface online today that allows you search/cluster the us FY 2005 budget which runs over http://blog.searchenginewatch.com/blog/041210-163619

You are in the: ClickZ Network ClickZ Network Navigation ClickZ Network Home News Experts Stats Features Search Engine Watch Resources Members Area With Exclusive Content Already a member? Learn about the benefits: Home Latest Stories From SEW SEW Blog SEW Forums Come Discuss Search! Search Engine Submission Tips Web Searching Tips Search Engine Listings ... SearchDay Our Daily Newsletter Search Engine Report Our Monthly Newsletter Daily SearchCast Our Search Podcast SEW Members Area Exclusive Content Advertising Info More About The Site Blog Info Archives Posts Today Posts This Week Posts This Month Other Options Search The Blog Other Info How To Comment How To Be Covered Our Blogroll Get Our Blog Feed! Blog Feed Via: Listen To Our Podcast! The Daily SearchCast Listen Via Odeo Listen Via iTunes Our Blog Feed Has Our Feed Tracking Provided By FeedBurner - Check Them Out! Search Engine Watch's conference on search engine marketing comes to: October 19 - 20, 2005 Stockholm, Sweden November 29-30, 2005 Cnit Paris La Defense, Paris, France December 5 - 8, 2005 Chicago, IL February 27 - March 2, 2006 New York, NY ... August 8 - 10, 2006 San Jose, CA Search Engine Watch Marketplace Learn How To Advertise Here!

49. Federal Government Resources On The Web/Executive Branch us State and Local Government Gateway. Annotated subject list of federal web sites Links to the federal budget; Text of selected circulars, bulletins, http://www.lib.umich.edu/govdocs/fedexec.html

FEDERAL GOVERNMENT RESOURCES Executive Branch Frames Index No-Frames Version Acronyms Administrative Law ... Web Sites/Subject Last updated on August 3, 2005 Acronyms Abbreviations and Acronyms of the Federal Government (Indiana/Purdue at Indianapolis) Browsable list of federal government acronyms with links to the corresponding web sites Link to a more detailed list of military acronyms Acronyms and Abbreviations Searchable list of government and non-government acronyms and abbreviations Advisory Committees Federal Advisory Committees (GSA) Searchable list of approximately 1000 advisory committees Laws, regulations, and executive orders governing advisory committees Agency Directories Department of Homeland Security Reorganization Plan (Carlos Diaz) List of government agencies to be transferred or abolished in the new Department of Homeland Security Compilation by Carlos Diaz and posted via GOVDOC-L listserv, December 2002 Federal Information Centers (GSA) Describes telephone service for locating federal government information List of toll-free FIC phone numbers Answers to most commonly-asked questions about federal services Federal Telephone Directories (GSA) Links to web versions of executive, legislative, and independent agency telephone directories

50. Operating Administrations, U.S. DOT, FY 2005 Budget In Brief us Department of Transportation 2005 budget in Brief. federal Aviation Administration (FAA) federal Highway Administration (FHWA) http://www.dot.gov/bib2005/admins.html

O PERATING A DMINISTRATIONS DOT Home Page Back Table of Contents Next U.S. Department of Transportation 2005 Budget in Brief Federal Aviation Administration (FAA) Federal Highway Administration (FHWA) Federal Motor Carrier Safety Administration (FMCSA) National Highway Traffic Safety Administration (NHTSA) ... Bureau of Transportation Statistics (BTS) Federal Aviation Administration Back to Top Overview: The Federal Aviation Administration's (FAA) mission is to promote aviation safety and mobility by building, maintaining, and operating the Nation's air traffic control system; overseeing commercial and general aviation safety through regulation and inspection; and providing assistance to improve the capacity and safety of our airports. The 2005 budget request for the FAA reflects the Administration's commitment to increase the performance and capacity of our aviation system. The total FY 2005 request for the FAA, $14 billion, is approximately 1 percent higher than FAA's bud-get resources at the FY 2004 enacted level. FEDERAL AVIATION ADMINISTRATION BUDGET (Dollars In Millions) Actual Enacted Request Operations Research, Engineering, and Development

51. TABLES, U.S. DOT, FY 2005 Budget In Brief us Department of Transportation 2005 budget in Brief. budgetary Resources and $64 million for federal Motor Carrier Safety Administration in FY 2004. http://www.dot.gov/bib2005/tables.html

T ABLES DOT Home Page Back Table of Contents U.S. Department of Transportation 2005 Budget in Brief Budgetary Resources Budget Authority Discretionary Budget Resources, Mandatory Outlays and Credit Activity Outlays ... Full Time Equivalent Employment (FTE) Budgetary Resources (Dollars in Millions) Administration Actual Enacted Request Federal Aviation Administration Federal Highway Administration National Highway Traffic Safety Administration Federal Motor Carrier Safety Administration Federal Transit Administration Federal Railroad Administration St. Lawrence Seaway Development Corporation Surface Transportation Board Maritime Administration Bureau of Transportation Statistics Office of the Inspector General Office of the Secretary Total DOT Appropriations NOTE: Columns may not add due to rounding. Includes Appropriations, Obligation Limitations, User Fees, Asset Sales and Mandatory Highway Obligations in annual Appropriations Acts.

52. The Allocation Of The US Federal Budget To The States: Evidence On The Power Of Downloadable ! Author(s) Valentino Larcinese Leonzio Rizzo Cecilia Testa. 2004 Abstract This paper provides new evidence on the determinants of the http://ideas.repec.org/p/hol/holodi/0425.html

This file is part of IDEAS , which uses RePEc data Papers Articles Software Books ... Help! The Allocation of the US Federal Budget to the States: Evidence on the Power of the Purse Author info Abstract Publisher info Download info ... Statistics Author Info Valentino Larcinese (London School of Economics and Political Science, Department of Government and STICERD) Leonzio Rizzo (Universita’ di Ferrara, Department of Economics) Cecilia Testa liame2('uk','ac','rhul','m7i7','testa','cecilia') Department of Economics, Royal Holloway, University of London Additional information is available for the following registered author(s): Valentino Larcinese Abstract This paper provides new evidence on the determinants of the allocation of the US federal budget to the states. We find that the president has a strong influence on the budget allocation, while support for theories that give prominence to the Congress is rather weak. Membership of prestige committees is not used to divert federal spending nor does membership of the Armed Services committee affects defense spending. The presidential race matters. States that are historically volatile or extremely safe in presidential elections tend to receive more funds, while marginal states are not rewarded. Finally, we find good evidence in support of partisan theories. states whose governor has the same political affiliation of the president receive more federal funds, while states opposing the president’s party in Congressional elections are penalized. Download Info To download:

53. Testing Intertemporal Budget Constraints: Theory And Applications To U.S. Federa using these tests, the authors find that both the postwar federal budget deficit and Applications to us federal budget and Current Account Deficits http://ideas.repec.org/a/mcb/jmoncb/v23y1991i2p206-23.html

This file is part of IDEAS , which uses RePEc data Papers Articles Software Books ... Help! Testing Intertemporal Budget Constraints: Theory and Applications to U.S. Federal Budget and Current Account Deficits Author info Abstract Publisher info Download info ... Statistics Author Info Trehan, Bharat Walsh, Carl E Additional information is available for the following registered author(s): Carl Walsh Abstract Download Info To download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help file . Note that these files are not on the IDEAS site. Please be patient as the files may be large. File URL: File Format: application/pdf File Function: full text Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details. As the access to this document is restricted, you may want to search for a different version of it: Publisher Info Article provided by Ohio State University Press in its journal Journal of Money, Credit and Banking

54. Budget Plan, Annex 5 (Budget 2001) On the basis of comparable budgetbased data, the Canadian federal government a surplus in 1996-97, one year earlier than the us federal government. http://www.fin.gc.ca/budget01/bp/bpan5e.htm

Français Contact Us Help Search ... Legislation Budget 2001 - Budget Plan Table of Contents Previous Next Annex 5 Canada's Financial Performance in an International Context Introduction and Overview This annex compares Canada’s financial position with that of the other Group of Seven (G-7) countries (United States, United Kingdom, France, Germany, Japan and Italy). Two factors tend to complicate international comparisons: differences in accounting methods among countries, which affect the comparability of data, and differences in financial responsibilities among levels of government within countries. For this reason, the standardized System of National Accounts definitions and data, which are fairly uniform among countries, are used for international comparisons. The Organisation for Economic Co-operation and Development (OECD) produces a complete series of estimates based on this system. The data presented in this annex are based on the OECD’s June and November 2001 Economic Outlook publications and, as such, do not include any data revisions since then. Between 1992 and 2000 Canada made the most dramatic improvement in its financial situation among the G-7 countries. Over this period Canada recorded a turnaround of more than 12 percentage points in its financial balance as a share of

55. Budget Plan, Annex 4 (Budget 2003) As a result, us federal financial balance and market debt figures reflect (rather than the budgetary balance) and the us federal unified budget balance. http://www.fin.gc.ca/budget03/bp/bpa4e.htm

Français Contact Us Help Search ... Legislation Budget 2003 - Budget Plan Table of Contents Previous Next Annex 4 Canada’s Financial Performance in an International Context Introduction This annex compares Canada’s financial position with that of the other Group of Seven (G7) countries (United States, United Kingdom, France, Germany, Japan and Italy). Two important factors need to be taken into account in making international comparisons: differences in accounting methods among countries, which affect the comparability of data, and differences in financial responsibilities among levels of government within countries. For these reasons, the standardized System of National Accounts definitions and data are used, and the focus is the total government sector rather than distinguishing between the national and subnational level. These data are fairly uniform among countries, and hence are used for international comparisons. The Organisation for Economic Co-operation and Development (OECD) produces a complete series of estimates based on this system. The data presented in this annex are based on the December 2002 OECD Economic Outlook and, as such, do not include any data revisions since then. On this basis:

56. US Federal Budget Report: Agency IT Spending Plans For FY2003 - Research And Mar Content includes Overview and Spending Forecast - Civilian Agency budget Charts - DoD Agency budget Charts FSI s Analysis is based on - President s http://www.researchandmarkets.com/reportinfo.asp?cat_id=79&report_id=214&p=1

57. U.S. Federal Budget Update us federal budget Update. On February 3, with the FY 2003 budgets for the National Science Foundation, the Department of Energy, and other agencies yet to http://www.siam.org/siamnews/03-03/budget.htm

Join Renew Contact SIAM SIAM Journals Online WWW From SIAM News, Volume 36, Number 2, March 2003 U.S. Federal Budget Update On February 3, with the FY 2003 budgets for the National Science Foundation, the Department of Energy, and other agencies yet to be finalized, the administration released its FY 2004 budget request. In FY 2004 (the fiscal year beginning October 1, 2003), the federal research portfolio overall would gain 7% under the administration's request. Basic research would grow by 5%, and applied research by 2%, compared with last year's request. (The president's FY 2003 proposal was used as the baseline for comparisons with the FY 2004 request because of the incompleteness of the FY 2003 appropriation process. As a consequence, all the percentage increases specified here are subject to change.) For FY 2004, the administration has requested a total budget of $5.481 billion for the National Science Foundation, a 9% increase over the FY 2003 request. The Department of Energy's Office of Science would receive a total of $3.3 billion, an increase of $47 million, or 1.4%. Research programs at the Department of Defense would decrease, by 7.7% (basic research) and 14.4% (applied). The National Institutes of Health would receive an increase of only 2%, with most of the increase to be directed to biodefense. Within NSF, the Mathematical and Physical Sciences (MPS) Directorate would receive $1.061 billion, an increase of $120 million, or 12.7%. Drilling down further within the MPS allocation, the budget of the Division of Mathematical Sciences would increase by $20 million (11.0%) over the FY 2003 request, to a total of $202 million.

58. Sustained Budget Deficits: Longer-Run U.S. Economic Performance And The Risk Of The us federal budget is on an unsustainable path. In the absence of significant policy changes, federal government deficits are expected to total around $5 http://www.brookings.edu/views/papers/orszag/20040105.htm

Brookings Economic Studies News Releases Calendar of Events ... Site Map Sustained Budget Deficits: Longer-Run U.S. Economic Performance and the Risk of Financial and Fiscal Disarray Paper presented at the AEA-NAEFA Joint Session, Allied Social Science Associations Annual Meetings, The Andrew Brimmer Policy Forum, "National Economic and Financial Policies for Growth and Stability" January 5, 2004 Peter R. Orszag Senior Fellow Economic Studies Robert E. Rubin Office of the Chairman Citigroup Allen Sinai Chief Global Economist Decision Economics, Inc. View Full Paper Get Adobe Acrobat Reader mailhide2('feedback', 'brookings', 'edu', 'Sustained Budget Deficits: Longer-Run U.S. Economic Performance and the Risk of Financial and Fiscal Disarray') Peter R. Orszag Introduction The U.S. federal budget is on an unsustainable path. In the absence of significant policy changes, federal government deficits are expected to total around $5 trillion over the next decade. Such deficits will cause U.S. government debt, relative to GDP, to rise significantly. Thereafter, as the baby boomers increasingly reach retirement age and claim Social Security and Medicare benefits, government deficits and debt are likely to grow even more sharply. The scale of the nation's projected budgetary imbalances is now so large that the risk of severe adverse consequences must be taken very seriously, although it is impossible to predict when such consequences may occur. Conventional analyses of sustained budget deficits demonstrate the negative effects of deficits on long-term economic growth. Under the conventional view, ongoing budget deficits decrease national saving, which reduces domestic investment and increases borrowing from abroad.

59. The U. S. Tax Code's Impact On Revenue Projections And The Federal Budget Testimony by William G. Gale, House Committee on the budget (7/22/04) http://www.brookings.edu/views/testimony/gale/20040722.htm

Brookings Economic Studies Urban-Brookings Tax Policy Center News Releases ... Site Map The U. S. Tax Code's Impact on Revenue Projections and the Federal Budget Committee on the Budget, U.S. House of Representatives July 22, 2004 William G. Gale Senior Fellow Economic Studies View Full Testimony Get Adobe Acrobat Reader William G. Gale Chairman Nussle, Ranking Member Spratt, and Members of the Committee: Thank you for inviting me to testify today. It is always an honor to appear before this committee. I applaud the Committee's efforts to focus on the important role of uncertainty in shaping budget outcomes and policies. I'd like to address four questions. The first question is how good are the growth assumptions and baseline projections made by the Congressional Budget Office? I think it is fair to say that the CBO does a very good job of forecasting future economic activity and its relation to revenues and spending. The CBO's projections are often wrong, sometimes by sizable amounts. It is particularly difficult to predict and understand turning points. But my impression is that CBO does as well as, or better than, anyone else who tries to divine the economic future. The second question is what causes the baseline projections to be so uncertain? The primary source of uncertainty in the baseline projection is uncertainty regarding the overall size of the economy in the future. Not only is future GDP difficult to predict precisely, but small differences in assumed growth rates can generate large changes in budget outcomes.

60. Eliminating The U.S. Federal Budget Deficit By 1993 - The Interaction Of Monetar Economics Department Working Paper 59 by R. Herd and B. Ballis. This paper uses the OECD s economic model, INTERLINK, to examine the consequences of http://www.oecd.org/LongAbstract/0,2546,en_33873108_33873886_2002152_1_1_1_37427

Organisation for Economic Co-operation and Development Help/FAQ MyOECD Fran§ais Building Partnerships for Progress Search This sub-site Whole site More Search options Back to Country List OECD Home Page Topic List Department List Online Services Online Bookshop Online Library E-mail Alerts MyOECD Opportunities Job Vacancies Human Resources Calls for Tender Long abstract ... Information by Topic Eliminating the U.S. federal budget deficit by 1993 - the interaction of monetary and fiscal policy Eliminating the U.S. federal budget deficit by 1993 - the interaction of monetary and fiscal policy Economics Department Working Paper 59 by R. Herd and B. Ballis. Don't miss OECD Statistical Profile of the USA - 2005 Spotlight: Reform of the US Health Care System Key OECD publications on the United States Obtaining OECD publications in the USA ... Contact Us Just published Ageing and Employment Policies - United States Editor's Choice Preferential Trading Arrangements in Agricultural and Food Markets - The Case of the European Union and the United States Preference erosion has become an important issue in the current WTO trade negotiations as developing countries are concerned that multilateral tariff reductions will harm their agricultural sectors. The findings in this report suggest that although... Editor's Choice Economic Survey - United States 2004 What is the short-term outlook for the United States? How can good economic performance be sustained? What are the factors underlying the large external deficit?

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