The law represented a major bipartisan budget compromise that reshaped entitlement funding and contributed to the fiscal path that produced federal budget surpluses in the late 1990s.
President Clinton signed the Balanced Budget Act of 1997 into law on August 5, 1997, completing a congressional budget agreement that included spending caps, changes to Medicare and Medicaid, and welfare and tax provisions.
The law represented a major bipartisan budget compromise that reshaped entitlement funding and contributed to the fiscal path that produced federal budget surpluses in the late 1990s.
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The Trump administration is advancing a proposal to eliminate tax exemptions for private colleges that implement diversity, equity, and inclusion (DEI) policies.
Trump signed a bill to prevent a government shutdown ahead of the midterm elections.
Senators left negotiations without reaching an agreement on a voting bill demanded by Trump.
Trump outlined new demands for a sanctions bill targeting Iran and Russia.