Budget of the U.S. Government, Fiscal Year 2015
Author: White House, Office of Management and Budget (OMB)
Date: 2014-00-00
Type: Reports - Descriptive
Subjects: Budgets,Federal Government,Economic Progress,Fiscal Capacity,Federal Legislation,Federal Aid,Employment Opportunities,Middle Class,National Security,Health Insurance,Taxes,Immigration,Access to Education,Community Colleges,Preschool Education,Federal Programs,High Schools,Educational Change,Student Costs,Elementary Secondary Education,Early Childhood Education,Technology Uses in Education,STEM Education,Job Training,Allied Health Occupations Education,Debt (Financial)

For the last several years, manufactured crises in Washington have hindered, rather than helped, economic growth and opportunity. Earlier this year, however, Democrats and Republicans came together to produce a 2014 budget that invests in key areas of innovation, education, and infrastructure--investments that will help grow the nation's economy, create jobs, and strengthen the middle class. The President's 2015 Budget provides a roadmap for creating jobs, growing the economy, and expanding opportunity for all Americans. It invests in manufacturing, research, clean energy, infrastructure, education, and security, building a foundation for long-term economic growth. The Budget promotes economic opportunity and mobility by rewarding hard work with fair wages, putting a secure retirement within reach, and ensuring health care is affordable and reliable. It includes enhanced efforts to deliver a 21st Century Government that is more effective, efficient, and supportive of economic growth. It responsibly pays for new investments, reduces the deficit as a share of the economy to below two percent by 2023, and puts debt as a share of the economy on a downward path after 2015. The Budget also addresses the Nation's long-term fiscal challenges by building on the savings and reforms in the Affordable Care Act, reforming other mandatory programs, and ending wasteful tax breaks that benefit the wealthiest. It is a Budget that shows how the nation can build on the progress that has been made over the last five years and ensure that it remains strong and prosperous, both now and in the future. The &quot;Opportunity For All&quot; section of the 2015 Budget is divided into the following sections: (1) Building on Economic Progress; (2) Progress on Our Fiscal Health; (3) Helping, Not Hurting, Our Economy; (4) Enacting Bipartisan Budget and Appropriations Acts: Important Steps in the Right Direction; (5) The President's 2015 Budget; (6) Managing Government to Drive Further Growth and Opportunity; (7) Investing in Jobs, Economic Growth and Opportunity; (8) Building a 21st Century Infrastructure; (9) Equipping Every American with a High-Quality Education and the Skills to Succeed; (10) Expanding Opportunity for Middle Class Security; (11) Ensuring Our Nation's Safety and Security; (12) Reducing Long-Run Deficits and Promoting Sustainable Growth; (13) Implementing ACA [The Affordable Care Act] and Making Additional Health Reforms; (14) Making the Tax Code More Simple and Fair; and (15) Fixing Our Broken Immigration System. A section entitled, &quot;Opportunity, Growth, and Security Initiative: Securing Our Nation's Future&quot; is also included. Education-related proposals include Community College Job-Driven Training Fund, Pre-School for All Initiative, new Race to the Top Equity and Opportunity competition, ConnectEDucators initiative, investing in high school redesign, making college more affordable, and First in the World fund, among others. [This summary reflects the &quot;Opportunity For All&quot; section of the 2015 Budget. For the 2014 Budget, see ED576933.]