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Automatic Spending Cuts

Judges Warn Congress About 'Devastating' Impact

AP | MARK SHERMAN | Posted 08.15.2013 | Politics

WASHINGTON -- Top federal judges in 49 states are urging lawmakers to avoid another round of automatic spending cuts that would have a "devastating an...

Pentagon Ready To Ask Congress For Break From Sequestration

Reuters | Posted 07.01.2013 | Politics

* Officials have been citing Syria, Korea * Request would follow exceptions for airlines By David Lawder and David Alexa...

Americans Want Austerity But More Spending

AP | TOM RAUM | Posted 05.08.2013 | Politics

WASHINGTON — As President Barack Obama and lawmakers spar over huge federal deficits, they're confronted by a classic contradiction: Most Americ...

Tax Code Must Be Reformed By Congress, 95 Percent Of Economists Say

AP | Posted 03.04.2013 | Business

WASHINGTON -- Most business economists opposed the automatic spending cuts that took effect Friday night amid the gridlock between President Obama and...

The One Thing The Sequester Won't Ruin

AP | STEPHEN OHLEMACHER | Posted 03.01.2013 | Business

WASHINGTON -- Here's a bright spot amid the doom and gloom of the government's automatic spending cuts: They shouldn't delay tax refunds. Any furloug...

Worker: 'We Basically Put The American Dream On Hold'

AP | By STEVE PEOPLES | Posted 05.01.2013 | Business

KITTERY, Maine (AP) — They don't care which side caused Washington's latest crisis. Five hundred miles from Capitol Hill, the men and...

Looming Fight Draws Yawns From Crisis-Weary Americans

AP | JOSH LEDERMAN | Posted 04.29.2013 | Politics

WASHINGTON — President Barack Obama is pulling out all the stops to warn just what could happen if automatic budget cuts kick in. Americans are ...

Looming Cuts Could Cause Air Headache

AP | JOAN LOWY | Posted 04.29.2013 | Politics

WASHINGTON — The government has no choice but to furlough air traffic controllers in the event of automatic spending cuts, raising the specter o...

The Sequester Might Force You To Go Vegetarian

Reuters | Posted 04.28.2013 | Business

* Meat inspector furloughs may be non-consecutive days * USDA seeks ways to minimize impact on industry, consumer * Meat...

White House Warns Of Sequester's Impact On Key Group

The Huffington Post | Chris Gentilviso | Posted 02.26.2013 | Politics

Three days away from Friday's sequester deadline, troops are among the groups facing worries over the automatic federal spending cuts. The White Ho...

Demand GOP Hostage Takers Put Down the Gun They Have Pointed at the American Economy

Robert Creamer | Posted 04.24.2013 | Politics
Robert Creamer

This current manmade crisis is one in a series of Republican hostage-taking episodes. In each case the GOP threatens blow up the economy if it doesn't get what it wants. We simply can't allow the GOP to force its unpopular austerity proposals on the country through these undemocratic means.

Lew Issues Dire Warning On Government's 'Self-Inflicted Wounds'

AP | MARTIN CRUTSINGER | Posted 04.15.2013 | Business

WASHINGTON — Jacob Lew, President Barack Obama's nominee for Treasury secretary, pledged to work with Congress on a comprehensive overhaul of th...

Bill Clinton: Austerity Can't Solve Debt Problem

The Huffington Post | Caroline Fairchild | Posted 02.08.2013 | Business

With automatic spending cuts scheduled to begin March 1, former President Bill Clinton urged Congress today to seek alternative options to solve the d...

GOP Lawmakers Offer Alternative To 'Dire Straits'

AP | ANDREW TAYLOR | Posted 04.08.2013 | Politics

WASHINGTON — A group of GOP lawmakers from House and Senate on Wednesday offered a plan to cut the federal workforce and use the savings to repl...

Key Democrat Backs Obama On Surprise Debate Claim

Reuters | Posted 12.23.2012 | Politics

By Jonathan Spicer NEW YORK, Oct 23 (Reuters) - A U.S. senator pushing to find a solution to automatic, across-the-boa...

White House To Detail Backup Plan For Congressional Failure

Reuters | Posted 11.07.2012 | Politics

ABOARD AIR FORCE ONE, Sept 7 (Reuters) - The Obama administration plans to deliver a report to Congress late next week that details ...

Are You Ready for Taxmaggedon?

Martin Sullivan | Posted 07.24.2012 | Politics
Martin Sullivan

A combination of spending cuts and tax increases could bring the economy to its knees at the end of 2012.

Government Report Contradicts GOP On Dire Situation

Posted 05.23.2012 | Politics

A new government report said spending cuts scheduled to go into effect in 2013, coupled with the simultaneous expiration of Bush-era tax cuts, will sh...