Mr Hollande's government is due to present a revised budget plan to parliament next month.
BBC: France in parliamentary election key to Hollande agenda
Revised budget proposals will be published in January ahead of the county council's meeting on 14 February.
They barely revised their proposed budget increase, threatening to pass it if necessary with Democratic help.
With the debt limit set to be hit in a matter of hours, Republicans and Democrats in Congress reluctantly accepted the president's demand for the sequester, and a revised version of the Budget Control Act was passed on a bipartisan basis.
WSJ: John Boehner: The President Is Raging Against a Budget Crisis He Created
Last month, the budget deficit was revised again, to 22% of GDP, as debt servicing obligations and military spending mounted.
President of the European Council Herman Van Rompuy had circulated a revised proposal for the new budget at the start of the two-day summit and said he believed a compromise was possible.
The FT somewhat cheekily points out that the Office for Budget Responsibility did see fit to incorporate the impact of the bank payouts on household incomes, in its revised economic forecast at the time of the Budget.
The Congressional Budget Office has repeatedly revised down its estimates of America's output potential since 2007 (see right-hand chart).
The new draft budget for 2011, revised by the European Commission after negotiations had broken down, was approved by 508 votes to 141 in the Strasbourg assembly.
Chancellor George Osborne used his third Budget to announce that the independent Office for Budget Responsibility (OBR) had revised up UK growth forecast for 2012 to 0.8% - from 0.7%.
Days before the Congressional Budget Office (CBO) released its revised figures for the Affordable Care Act (ACA, or the health care act), the spin had already started.
FORBES: CBO Claims Health Care Act Now Saves Taxpayers $84 Billion
Revised job descriptions, raises and promotions, hiring freezes and budget cuts may be at the top of the list of unsettling workplace changes, Reynolds says.
More than 200 new organisations were created, including a network of GP-led commissioning groups, to manage the budget, and NHS England, the national board that will oversee the revised system.
Local authority leaders originally forecast 100, 000 posts would go as a result of October's Spending Review, but revised up its estimate a month later after studying the impact of planned town hall budget cuts.
It turns out that it was revised away by the Office for National Statistics (ONS), the day after the Budget, when all of us were thinking about other things.
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