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The Budget
Clinton Releases New Budget
President Clinton formally unveiled his proposed budget for the next fiscal year on Monday, Feb. 2. Read below for complete coverage from The Post and LEGI-SLATE News Service.
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Agency by Agency Analysis
At a Glance: Revenue and Spending
Live Event: The Post's Clay Chandler Discusses the Budget

Post Stories from Feb. 3, 1998

Clinton Submits Balanced Budget to Congress
The White House submitted the first balanced budget in 30 years, one that would bar substantial new spending and tax cuts until a plan is in place to preserve Social Security.

Analysis: Plan Likely to Have Wide Appeal
Five years ago, the plan President Clinton sent to Congress would have seemed like an impossible dream – a budget in surplus that is winning endorsements from Wall Street economists and liberal Democrats alike.

Clinton Plan Would Raise $23 Billion
The Clinton administration is returning to familiar stomping grounds to raise $23 billion in revenue over the next five years – Wall Street, insurance companies and the wealthy.

Tobacco Funds Allocation Adds Settlement Pressure
President Clinton's budget calls for spending nearly $10 billion from the proposed national tobacco settlement on a wide variety of new initiatives – adding yet another dicey element to the increasingly precarious deal.

Plan Includes Federal Raise
Federal employees and the armed forces would receive a 3.1 percent pay raise in 1999, but longtime civil service workers would lose their chance to switch pension systems and potentially boost their retirement income, under proposals in the president's budget.

Clinton Seeks Big Increases for Science, Technology Research
The Clinton administration has proposed substantial, and in some respects unprecedented, increases in federal funding for science and technology research.

D.C.-Area Officials Mostly Praise Budget
The Washington area found several of its wishes fulfilled in the federal budget plan that President Clinton sent to Congress, except for funding to replace the Woodrow Wilson Bridge over the Potomac River.

Clinton Seeks More Arts Funds
President Clinton asked Capitol Hill lawmakers for a hefty increase in the fiscal 1999 budget for the National Endowment for the Arts.

LEGI-SLATE Stories

Clinton Budget Sets $9.5 Billion Surplus, Offers New Programs
Despite Republican warnings not to increase domestic spending, President Clinton proposed a $1.73 trillion balanced budget.

White House Budget Gets Partisan Greeting
Leading Democrats quickly united behind their president and his plan, while Republicans vocally attacked the proposal.

Clinton Proposes Targeted Tax Initiatives
The president's fiscal year 1999 budget proposes a modest, $24.2 billion package of targeted tax credits and incentives over five years.

Clinton Seeks Major Social Security, Medicare Changes
Even before President Clinton proposed radical changes in the government's two largest entitlement programs, Republicans signaled their strong opposition.


Post Series

On Budget Eve, Congress Feels Surplus Fever
February 2, 1998
The sudden promise of huge surpluses for as far as the eye can see is radically altering the way some politicians and economists think about spending money and has raised expectations of bolder government programs in years to come.

After Decades of Deficits, Expectations of Surplus
February 1, 1998
A budget surplus would reverse the trend of three decades in which the federal government added nearly $3.5 trillion in red ink to the national debt. How, exactly, did we get here? The answer is complex.

© Copyright 1998 The Washington Post Company

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