fiscal

There were a "lot of things out there" creating an atmosphere of uncertainty, he added, pointing to risk factors like the geopolitical environment, fiscal spending and the remilitarisation of the world.

Upon publishing the budget, De Sausmarez said: "Committees have not been given all that they have asked for, but we hope our colleagues appreciate the need for fiscal restraint in the current circumstances."

Officials expect the increased parking meter rates to add $14.4 million to city coffers this fiscal year.

"We're the only party that gets it. The only party that will stand up for fiscal responsibility."

Many economists have pointed out that the White House reductions have been accompanied by other deficit-ballooning policies, which could undercut their attacks on Democrats for being the party of fiscal irresponsibility.