Fiscal Year 1992 Federal Budget Proposal
The Senate Budget committee heard testimony on the fiscal year 1992 federal budget proposals submitted by the Bush administration. The… read more
The Senate Budget committee heard testimony on the fiscal year 1992 federal budget proposals submitted by the Bush administration. The director of the office of management and budget, Richard Darman, testified before the committee in defense of the administration’s proposals. Mr. Darman admitted his prediction in January 1990 that the deficit in 1992 would amount to $63 billion was wrong, as the deficit estimate in the budget proposal amounts to $318 billion. Mr. Darman also detailed the financial commitments of several foreign countries to the U.S. for the Persian Gulf War effort. Although the U.S. has received only $8 billion to date, Mr. Darman said he was confident that the commitments would be honored. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Richard Darman Director Office of Management and Budget
OMB Mid-Session Review
Richard Darman, director of the Office of Budget and Management, testified on his agency’s mid-session budget…
Fiscal Year 1993 Federal Budget
The committee heard testimony on the proposed 1993 budget.
Fiscal Year 1990 Budget
Committee bagan hearings in preparation for reporting the first concurrent resolution on the fiscal year 1990 budget.
Release of the 1992 Fiscal Year Budget
Mr. Brady, Mr. Darman, and Mr. Boskin spoke at a news briefing announcing the release of the Bush…