On the recordFebruary 12, 2013
the Congress agreed, the President signed off on, that we would have this mechanism that would reduce spending by $2.1 trillion.
Source
congress.govEditor's note · Context
Kaine discusses the Budget Control Act's spending reduction mechanism.
Share
More from Tim Kaine
Aug 19, 2026
His threat to waste even more of our dwindling weapons on Oman — a country the United States has a strong diplomatic relationship and a free trade agreement with — makes real adversaries like China and Russia rub their hands with glee.
Aug 25, 2026
Commodity prices have been sort of flat. All the input prices are going up, export markets are shutting down.
Aug 5, 2026
If you require them to pay fully up front and then get a rebate sometime down the road, you really jeopardize their operations.
Jul 31, 2026
“We’re glad that the Senate advanced our bipartisan, bicameral legislation to help pave the way for a new road in and out of Wintergreen and improve safety.
Other voices in this conversation
