budget cuts – News Stories About budget cuts - Page 2

UPDATED

Feb 5, 2013 1:06 PM CST

Obama Calls for Brief Sequester Dodge

Will seek budget cuts in address this afternoon

(Newser) - President Obama wants to put off the dreaded sequester just a little while longer. In an address this afternoon, Obama called for a handful of small budget cuts to justify pushing the automatic spending cuts back again, this time until after Congress has crafted a new federal budget, the Washington ...

What Sequester Is,
and Why It Is Stupid

OPINION

Jan 31, 2013 11:33 AM CST

What Sequester Is, and Why It Is Stupid

Matthew Yglesias breaks down the looming spending cuts

(Newser) - Hey, politics watchers: Are you ready for another utterly avoidable budget crisis with the potential to arbitrarily wreck the economy? Well, good news! The "sequester"—a trillion dollars in spending cuts that no one actually wants—is barreling towards us, and apparently no one intends to stop it...

Congress:
We're Not
Avoiding
Cliff Cuts

Jan 30, 2013 11:15 AM CST

Congress: We're Not Avoiding Cliff Cuts

Democrats considering putting them off again, but many skeptical deal will emerge

(Newser) - Washington is bracing itself for a sweeping, painful set of across-the-board spending cuts, because lawmakers doubt they'll be able to come up with a deal to avert them, the Washington Post reports. While proposals are in the works to avert what's known as sequester, party leaders don't...

Majority of House GOP
Totally Cool With Defaulting

Jan 14, 2013 7:40 AM CST

Majority of House GOP Totally Cool With Defaulting

Even more are OK with government shutdown: sources

(Newser) - More than half of House Republicans are OK with a government default if President Obama won't accept their budget-cut demands, party officials tell Politico . Even more GOP lawmakers are willing to allow a government shutdown come March 27. Taking the shutdown route would help ensure "President Obama understands...

We're Already
Feeling the
Fiscal Cliff

new report

Oct 26, 2012 7:40 AM CDT

We're Already Feeling the Fiscal Cliff

Report says threat has cost US 1M jobs this year

(Newser) - We're not supposed to go over the "fiscal cliff"—an array of budget cuts and tax hikes that could cut $500 billion out of the economy—until January. But the US is already feeling the effects of the impending budget uncertainty, a report by the National Association...

Crime-Ridden NJ City
Axes Police Department

Aug 28, 2012 8:19 AM CDT

Crime-Ridden NJ City Axes Police Department

Camden to replace force with non-union county workers

(Newser) - Camden, New Jersey, is often cited as one of the most dangerous cities in America—so of course, it's getting rid of its police department. In a bid to rein in its budget, the city will lay off all 460 of its police officers by the end of the...

Britain Cutting Army by a Fifth

Jul 6, 2012 8:33 AM CDT

Britain Cutting Army by a Fifth

Budget cuts to shrink force by end of decade

(Newser) - The British Army is taking a sizable cut as part of the government's austerity drive. The country's defense secretary unveiled plans yesterday to cut the force's 102,000 troops to 82,000 by the end of this decade, axing a total of 17 units and merging others,...

State and Local Spending
Drops to Lowest in 30 Years

Jun 23, 2012 10:29 AM CDT

State and Local Spending Drops to Lowest in 30 Years

Democrats and Republicans alike slashing budgets

(Newser) - State and local governments have cut back spending to the lowest level in 30 years, according to a USA Today analysis. Both Democrats and Republicans are denying handouts, even with tax revenue going up and powerful interest groups lobbying for funds. Local and state spending dipped 0.8% this year...

Dutch Government Falls
in Austerity Crisis

update

Apr 23, 2012 3:44 PM CDT

Dutch Government Falls in Austerity Crisis

PM Mark Rutte gives bad news to the queen

(Newser) - The Dutch government, one of the most vocal critics of European countries failing to rein in their budgets, quit today after failing to agree on a plan to bring its own deficit in line with EU rules. Prime Minister Mark Rutte tendered the resignation of his entire Cabinet to Queen...

Talks Falter as
Greece Warns:
We Can't Take
Any More Cuts

Feb 15, 2012 4:05 AM CST

Talks Falter as Greece Warns: We Can't Take Any More Cuts

Bailout discussion foundering despite austerity deal

(Newser) - Greece has made "superhuman" efforts to comply with EU and IMF conditions, but it just can't make any more cuts, the country's public order minister says. An austerity package was passed over the weekend, sparking violent protests across the country , but bailout talks with EU finance chiefs...

States, Cities Gutted
Spending in 2011

Feb 13, 2012 2:13 PM CST

States, Cities Gutted Spending in 2011

Medicaid, state jobs, infrastructure hit

(Newser) - The final three months of 2011 saw states, cities, and school districts making their biggest spending cuts in a decade, USA Today reports. Spending dropped 1.6% from the same period the year before, plummeting by $26 billion. The result: States are seeing their smallest shortfalls in years, and in...

Behind Europe's
Economic Mess:
'Willful Amnesia'

paul krugman

Jan 30, 2012 8:56 AM CST

Behind Europe's Economic Mess: 'Willful Amnesia'

Austerity measures violate basic economic tenets: Paul Krugman

(Newser) - Europe has been lauded for its commitment to austerity measures as a means of restoring its economies. But a quick look at the state of those economies reaffirms what any economist should already have known, writes Paul Krugman in the New York Times : The effort is backfiring. Krugman explains that...

Farmers Fret as USDA Shuts Hundreds of Offices

Jan 10, 2012 11:16 AM CST

Farmers Fret as USDA Shuts Hundreds of Offices

Critics worry move will compromise public safety

(Newser) - The US Department of Agriculture announced plans to close 259 offices, labs, and other facilities yesterday, in a move that will save the agency $150 million per year. But the announcement has some farmers and food safety experts worried, the AP reports. "They wiped out the entire Midwest,"...

Pentagon Readies
Blueprint of
Slim New Self

Jan 3, 2012 9:32 AM CST

Pentagon Readies Blueprint of Slim New Self

And with it, the Obama administration's defense priorities

(Newser) - The White House is poised to unveil its proposal to slim down the military to bring it in line with cuts agreed to in the recent debt ceiling deal, and in so doing give America a sense of Leon Panetta’s vision for the military’s future, the New York ...

Struggling US Cities
Turn Off the Lights

Dec 30, 2011 9:14 AM CST

Struggling US Cities Turn Off the Lights

Towns nationwide get a little darker

(Newser) - For a number of cities across the US, troubled local economies have led to dark times—literally. From Oregon to Illinois to California, struggling towns have found themselves forced to turn off, and often completely remove, local streetlights. And with winter shortening daylight hours, citizens are none too pleased by...

Super Committee Gives Up

Nov 21, 2011 4:04 PM CST

Super Committee Gives Up

Democrats, Republicans can't bridge budget differences

(Newser) - The bipartisan leadership of a special congressional deficit super committee officially announced today that the panel failed to reach an agreement. Democratic Sen. Patty Murray and Republican Rep. Jeb Hensarling say that despite "intense deliberations" the members of the panel have been unable "to bridge the committee's...

Deficit Panel Floundering

5 weeks til deadline

Oct 19, 2011 7:40 AM CDT

Deficit Panel Floundering

Party leaders may have to light a rocket under 'supercommittee'

(Newser) - The bipartisan panel tasked with finding ways to cut more than $1 trillion from the federal deficit is only five weeks away from its Nov. 23 deadline, and you might not be flabbergasted to learn that it is having trouble reaching an agreement—or even agreeing on basic starting positions....

Ron Paul
Unveils Plan
to Cut $1T
From Budget

Oct 17, 2011 5:25 PM CDT

Ron Paul Unveils Plan to Cut $1T From Budget

Foreign aid and education department would be history

(Newser) - Ron Paul may have turned up the heat on fellow Republican candidates today by unveiling a plan to cut $1 trillion from the federal budget—in a single year, the Washington Post reports. In a Las Vegas speech, Paul said he would:

End the Afghanistan and Iraq wars, cut all

...

Budget Cuts
Are 'Bleeding'
the Economy

paul krugman

Sep 19, 2011 12:12 PM CDT

Budget Cuts Are 'Bleeding' the Economy

We need to spend to staunch the flow: Paul Krugman

(Newser) - Trying to fix the economy with budget cuts reminds Paul Krugman of an outdated medical practice: bleeding patients. This “economic bloodletting” is supposed to boost confidence, but it's a cure that just makes things worse. "Somehow, businesses and consumers seem much more concerned about the lack of...

Cantor Holds Line on Cuts
to Pay for Disaster Relief

Aug 25, 2011 4:40 PM CDT

Cantor Holds Line on Cuts to Pay for Disaster Relief

Same goes for earthquake in his district

(Newser) - Eric Cantor took some heat after he demanded spending cuts to pay for disaster relief in Joplin, but he looks to be holding the line when his own district is involved: Congress "will find the monies" to cover earthquake damage in Mineral, Va. , but “those monies will be...