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This means that the dam's lifetime will be significantly diminished, further reducing projected benefits.
The 1997 Balanced Budget Act called for reducing projected spending on Medicare by $115 billion by 2003.
As a result, Pharmacia will not receive an expected partnership payment, reducing projected earnings growth for this year, said Fred Hassan, Pharmacia's chief executive.
To put that $600 billion in perspective, it's worth noting that the federal government was already looking at reducing projected spending on national security by about $400 billion over the next 12 years.
A call for Mr. Bush's tax cuts, which will expire in coming years, to be made permanent, reducing projected federal revenues by $178.6 billion over the next five years and $1.35 trillion over the next decade.
The agency, Standard & Poor's, increased New York's rating to A-, up one notch from BBB+, citing the city's $2 billion budget surplus, its flourishing economy and its success in reducing projected deficits for the coming years.
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"Simply making this key adjustment reduces projected income by some £200,000 per annum," Anderson writes.
It would reduce projected Medicaid spending by nearly $100 billion, or 4percentt, over the next decade.
The latest plan would reduce projected deficits by nearly $5.9 trillion from 2012 through 2020.
It would also reduce projected deficits by $917 billion over a decade.
The White House and Congressional Budget Office agree that the health bill would reduce projected deficits in the long term.
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