Spending Cuts

Government Squabbling Could Push The U.S. Into Recession, CBO Says

Reuters | Posted 05.23.2012

Read More: Organization for Economic Cooperation and Development, Video, Cbo, House of Representatives Speaker John Boehner, Spending Cuts, Reuters, Fiscal Cliff, Tax Hikes, President George W. Bush, Congressional Budget Office, Recession, Business News

* Fiscal restraint in 2013 could lead to contraction-CBO * No restraint over long run not sustainable-CBO By Lucia Mutik...

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CBO Issues Dire Warning On Bush Tax Cuts

AP | ANDREW TAYLOR | Posted 05.22.2012

Read More: Congress, Video, Cbo, Bush Tax Cuts Expiration, Cbo Report, Spending Cuts, Cbo Bush Tax Cuts, Congressional Budget Office Report, Congressional Budget Office Bush Tax Cuts, Pentagon Budget, Defense Budget, Congressional Budget Office, Pentagon Spending, Bush Tax Cuts, Politics News

WASHINGTON — A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending ...

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Capitalist Revolution: Forget the Deficit and Learn From Europe

Sanjay Sanghoee | Posted 05.18.2012

Read More: Congress, John Boehner Debt Ceiling, Debt Ceiling, John Boehner, Trickle Down, France, Economic Crisis, Elections 2012, Capitalism, Euro, Deficit, Politics, Unemployment, Greece, Spending Cuts, Socialism, Europe, Republicans, Business News

Before we go wild with our deficit-cutting scythe, let's make sure that we are not hacking away at our own feet in the process.

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The Enemies We Love

Christopher Holshek | Posted 05.04.2012

Read More: Defense Spending, Foreign Policy, Spending Cuts, Military Spending, Defense Budget, Defense Cuts, Military Budget, Obama Spending Cuts, Politics News

Obama's proposed cuts, part of a strategic rebalancing towards greater investment in infrastructure, education, and other long-term sources of American strength, are relative -- at worst, they represent a flatlining of defense spending.

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Both Parties All Talk, No Action On Crucial Issue

AP | By CHARLES BABINGTON | Posted 05.04.2012

Read More: Federal Spending Cuts, Congress, U.S. Postal Service, Spending Cuts, Post Offices, Mitt Romney, Elections 2012, Harry Reid, Postal Service Cuts, Obama, Video, Politics News

WASHINGTON -- If there's one thing Republicans and Democrats in Washington say they agree on, it's the need to reduce federal spending. And it's somet...

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Recipe for a Double-Dip Recession

Robert Kuttner | Posted 06.01.2012

Read More: Economic Recovery, Spending Cuts, Budget Cuts, Payroll Tax Cut, Economy, Debt Deal, Bush Tax Cuts, Budget Deal, Double Dip Recession, Politics News

With the economy just barely on a path to durable recovery, some very dumb fiscal chickens are coming home to roost on January 1 of next year. This grim coincidence is known as the Triple Witching Hour.

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'Spain Is Going To Stop Being A Problem'

AP | The Associated Press | Posted 05.30.2012

Read More: Prime Minister Mariano Rajoy, European Debt Crisis, Video, Economy Minister Luis De Guindos, Spending Cuts, Wages, Greece Debt Crisis, European Union, Euro Zone, Spain, Austerity Budget, Olli Rehn, Tax Hikes, Copenhagen, Euro, Business News

THE PLAN: Spain's new conservative government has unveiled a (EURO)27 billion ($36 billion) deficit-reduction package that it hopes will convince its ...

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Romney the Unicorn

Brian Goldsmith | Posted 04.24.2012

Read More: Mitt Romney Medicare, Mitt Romney, Spending Cuts, Mitt Romney Social Security, Mitt Romney 2012, GOP Spending Cuts, Politics News

Mitt Romney is running not as a fiscal hawk but as a fiscal unicorn -- fluttering around, making magical things happen, in a world that doesn't exist.

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Romney Draws Conservative Criticism For Budget Cut Views

The Huffington Post | Jon Ward | Posted 03.02.2012

Read More: Fiscal Affairs, Video, Election 2012 Blog, Spending Cuts, Mitt-Romney, Elections 2012, Mitt Romney, Rick Santorum, Republican Presidential Primary, Tax Reform, Economic Growth, Politics News

Mitt Romney stepped on his message a bit Tuesday, and on attempts to draw attention to a forthcoming tax reform plan, by saying that spending cuts can...

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Greek Official: Many In Europe 'Don't Want Us Any More'

AP | GABRIELE STEINHAUSER and ELENA BECATOROS | Posted 04.16.2012

Read More: European Debt Crisis, Video, Eurozone, Bailout, German Chancellor Angela Merkel, Spending Cuts, Evangelos Venizelos, Greece Debt Crisis, Austerity Measures, Jean-Claude Juncker, European Central Bank, Euro, Austerity, Business News

BRUSSELS — European finance ministers insisted Wednesday on much tighter oversight of Greece's spending and austerity efforts, despite politicia...

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Local GOP Head Solves US Debt Problem!

Iris Erlingsdottir | Posted 03.06.2012

The Minnesota GOP's new Chairman, Pat Shortridge, has proposed a revolutionary solution to solving the party's disastrous debt problem.

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Will Mitt Romney Kill Bird Bird?

The Huffington Post | Max Rosenthal | Posted 12.29.2011

Read More: Iowa Caucuses 2012, Sesame Street, Big Bird, Video, Federal Budget Deficit, Spending Cuts, 2012 Election, Mitt Romney 2012, Elections 2012, Mitt Romney, Iowa Caucus 2012, Politics News

WASHINGTON -- Mitt Romney pledged to cut spending for public television while campaigning in Iowa on Wednesday, saying that Big Bird should be support...

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A Bold Proposal

Ross Hyzer | Posted 02.15.2012

Read More: Iowa Caucuses, Rick Santorum, Tax the Rich, Federal Budget Deficit, Obesity, Spending Cuts, Wealth Gap, Comedy News

"If hunger is a problem in America," said professional logician Rick Santorum, "then why do we have an obesity problem among the people who we say have a hunger program?" Exactly.

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'Holidays Come, Holidays Go'

The Huffington Post | Luke Johnson | Posted 12.08.2011

Read More: Taxes, Congress, Budget Cuts, Payroll Tax Cut, Tax Cut Extension, Paul Ryan Taxes, Payroll Tax Cut Extension, Video, Rep. Paul Ryan, Republicans Payroll Tax Cut, Spending Cuts, Payroll Tax Cut Holiday, Tax Cuts, Paul Ryan, Politics News

Rep. Paul Ryan (R-Wis.) said the one-year payroll tax cut "was never intended to be permanent" at a press conference Wednesday on budget reform. "I...

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99 Percenters Hurt More By Austerity Measures Than The 1 Percent: Study

The Huffington Post | Jillian Berman | Posted 01.23.2012

Read More: Austerity Budgets, Video, Super Committee, One Percent, Income Inequality, Budget Cuts, Spending Cuts, Business News, Tax Hikes, Wealth Gap, Business News

Government belt tightening hurts the budgets of the 99 percent more than those of top earners, a recent study finds. Income inequality rises when ...

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Fitch Lowers Outlook On U.S. Credit Rating

AP | MARTIN CRUTSINGER | Posted 01.28.2012

Read More: Credit Ratings, Congress, Deficit Cuts, Moody's Investors Services, Federal Budget Deficit, Spending Cuts, Rating Agencies, Supercommittee, Standard & Poor's, Fitch, AAA Rating, Business News

WASHINGTON — Fitch said Monday that it will keep its rating for long-term U.S. debt at the top AAA level, despite a congressional panel's failur...

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Super Committee Failure Could Rattle Markets

Posted 11.21.2011

Read More: U.S. Budget Deficit, European Debt Crisis, Taxes, Congress, Moody's Investors Service, Super Committee, Debt Crisis, Spending Cuts, Long-Term Unemployment, Jobless Benefits, Standard & Poor's, S&P 500, Video, Business News

A brutal year for global investors may get even worse this week if Congress proves yet again it is too bitterly divided to deliver on its promise ...

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Democrats, Stop Caving In

Sen. Bernie Sanders | Posted 01.18.2012

Read More: Senator Sanders, Senator Bernie Sanders, Super Committee, Bernie Sanders, Social Security, Spending Cuts, Super Committee Spending Cuts, Medicaid, Medicare, Congressional Super Committee, Election 2012, Politics News

What if the super committee ends in stalemate? Across-the-board, automatic cuts are set to kick in. That so-called sequestration wouldn't start, however, until 2013. That would make 2012 one of the most important election years in modern American history.

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Another Wall Street Win & Main Street Loss

Dennis M. Kelleher | Posted 01.15.2012

Read More: Citigroup, Bank of America, Goldman Sachs, JP Morgan, Spending Cuts, Derivatives, Cftc, Congress, Budgets, Dodd Frank, Politics News

With a level-funded budget of $205 million, there is simply no way the CFTC can do their old job, never mind all their new financial reform responsibilities.

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John Boehner: Relationship With Obama Has Grown 'Frosty'

HuffingtonPost.com | Elise Foley | Posted 01.06.2012

WASHINGTON -- The relationship between House Speaker John Boehner (R-Ohio) and President Barack Obama has been "frosty" over the past two weeks, the s...

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Mitt Romney Shows Rick Perry How A Stealth Embrace Of Medicare Overhaul Is Done

HuffingtonPost.com | Jon Ward | Posted 01.04.2012

Read More: Video, National Debt, Spending Cuts, Elections 2012, Mitt Romney, Budget Deficit, Medicare, Entitlement Reform, Barack Obama, Rick Perry, Politics News

WASHINGTON -- Mitt Romney has out-maneuvered Rick Perry in the effort to surreptitiously embrace an overhaul of Medicare reform -- a top goal of conse...

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Ben Bernanke: Congress Should Not Sharply Cut Spending In Weak Economy

AP | MARTIN CRUTSINGER | Posted 12.04.2011

Read More: Deficit Redufction Bernanke, Video, Ben Bernanke, Spending Cuts, Federal Reserve Deficit Spending, Joint Economic Committee, Fed Unemployment, Business News

WASHINGTON — Federal Reserve Chairman Ben Bernanke says the economic recovery "is close to faltering" and the central bank is prepared to take f...

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Government Shutdown Looms As Congress Fights Over Spending

Posted 11.26.2011

Read More: Federal Emergency Management Agency, Video, Senate, Fema, Spending Cuts, FEMA Disaster Aid, Government Shutdown, Government Shutdown 2011, GOP Spending Cuts, Government Spending, Disaster Aid, 112th Congress, Politics News

By LAURIE KELLMAN, Associated Press (AP) WASHINGTON -- Congress is once again allowing shutdown politics to bring the federal government to the bri...

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I Hope Obama's Veto Threat Is the Start of a New Effort to Fight Back Against the GOP

Mitchell Bard | Posted 11.21.2011

Read More: Medicare Cuts, Debt Ceiling, Spending Cuts, Faa, Payroll Tax Cut, Wealth Disparity, Goverment Shut Down, President Obama, Jerry Brown, Mike Lofgren, Ben Bernanke, Millionaires Tax, Democrats, Tea Party, GOP Letter to Bernanke, Republicans, Politics News

I understand that President Obama is very interested in appearing above the fray, avoiding partisan battles. But the current GOP is interested in nothing but partisan battles.

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Super Congress Will Meet In Public

HuffingtonPost.com | Elise Foley | Posted 11.08.2011

Read More: Super Congress, Patty Murray, Congress Spending Cuts, Super Committee Meeting, Jeb Hensarling Super Congress, Patty Murray Super Congress, Super Committee, Spending Cuts, Debt Limit, Super Congress Meeting, Jeb Hensarling, Debt Ceiling Deal, Joint Select Committee on Deficit Reduction, Politics News

WASHINGTON -- The so-called Super Congress will attempt to hold the majority of its meetings in public, in full view of the voters and the press, the ...

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