iOS app Android app

Spending Cuts

Big Savings Goal? Try A Spending Fast

Trulia | Posted 06.09.2016 | HuffPost Home
Trulia

How do you feel about your savings goals right now? Are you making steady progress toward what you want to accomplish -- or did you get a little sidet...

Gov. Rauer's Illinois spending cuts plan: "admirable" or stressful?

Matthew Dietrich | Posted 05.06.2015 | Chicago
Matthew Dietrich

Gov. Bruce Rauner's proposed budget cuts for Illinois have a lot of people up in arms. But David From, director of the Illinois chapter of Americans F...

6 Spending Cuts Proposed for Illinois by Gov. Bruce Rauner

Reboot Illinois | Posted 04.21.2015 | Chicago
Reboot Illinois

Illinois Gov. Bruce Rauner delivered his first budget address to the General Assembly Feb . 18, outlining his plans for getting the state's finances back on track.

Illinois Educational Funding -- Expect Deep Cuts

Dr. Robert L. Breuder | Posted 03.31.2015 | College
Dr. Robert L. Breuder

Within 24 hours of Governor Bruce Rauner taking office, numerous media outlets reported on his immediate steps to rectify Illinois' dire financial situation.

The Pentagon's Phony Budget War

Mattea Kramer | Posted 05.06.2014 | Politics
Mattea Kramer

Despite cries of doom since the across-the-board cuts known as sequestration surfaced in Washington in 2011, the Pentagon has seen few actual reductions, and there is no indication that will change any time soon.

Our Taxpayer Dollars: Going to Waste and Wealthy Corporations

Jaimie Woo | Posted 04.08.2014 | Politics
Jaimie Woo

Let's help our budget crises by continuing billion-dollar handouts to huge, profitable agribusinesses. Apparently, that's what Congress thinks.

Defense Spending Cuts Force Hard Strategic Choices

Reuters | Posted 04.07.2014 | Politics

By David Alexander WASHINGTON, Feb 5 (Reuters) - Big budget cuts over the next decade will force the Pentagon to make painful cuts to ...

7 Reasons Why You're Not Hearing So Much About the Budget Deficit These Days

Jared Bernstein | Posted 04.02.2014 | Politics
Jared Bernstein

The deficit hawks' prophecies of near-term doom have not materialized.

Governor's Budget Projections Mean Huge Cuts for Kids

Emily J. Miller | Posted 03.11.2014 | Chicago
Emily J. Miller

While Illinoisians rang in the New Year with family and friends, a little-noticed new forecast released by the Governor's Office of Management and Budget (GOMB) on the first of the year leaves no room for celebration.

A Few Final Thoughts on the Budget Deal

Jared Bernstein | Posted 02.19.2014 | Politics
Jared Bernstein

It's not over -- they still have to appropriate their new top-line spending numbers down to all the agencies -- but it looks like the budget deal that quite handily cleared both chambers will soon be enacted. But I've got a few lingering thoughts

How Republicans Have Trashed The Economy, In 1 Chart

The Huffington Post | Mark Gongloff | Posted 11.04.2013 | Business

The next time a Republican tells you government spending is out of control, the chart below is all you need to prove otherwise. The Financial Times...

Lew Calls For Replacing Sequester With Other Spending Cuts

Reuters | Posted 10.24.2013 | Politics

WASHINGTON, Oct 24 (Reuters) - U.S. Treasury Secretary Jack Lew on Thursday said it was "crucial" to close wasteful loopholes in the tax code so the...

The huge drone that could not be grounded

The Center for Public Integrity | Posted 09.17.2013 | Politics
The Center for Public Integrity

By Richard H.P. Sia and Alexander Cohen July 16, 2013 This story was originally published by The Center for Public Integrity, which is ...

Sam Stein

Life Under Sequestration Creates Nightmare Scenarios For Head Start Moms

HuffingtonPost.com | Sam Stein | Posted 07.15.2013 | Politics

WASHINGTON -- Rhonda Reynolds was paying bills in downtown Pratt, Kan., on a hot and sunny mid-June afternoon when the second call came from her daugh...

Is This a Realistic Time for a 'Grand Bargain?'

Jared Bernstein | Posted 08.17.2013 | Politics
Jared Bernstein

As the fiscal picture has improved, both through actions we've taken already and the improving economy, it's much tougher to make the hair-on-fire urgency case that drove this benighted debate in recent years.

Jeff Flake: Fellow Lawmakers Relieved By Sequestration

The Huffington Post | Elise Foley | Posted 06.12.2013 | Politics

Sen. Jeff Flake (R-Ariz.) said on Wednesday that some of his fellow lawmakers are glad sequestration allowed for spending cuts and that government age...

Just Who's Delusional Around Here?

Jared Bernstein | Posted 08.10.2013 | DC
Jared Bernstein

If the Washington Post wants to restore some credibility on this issue, they need to get real about the economic vulnerability of most retirees and start emphasize raising the "tax-max" -- the salary cutoff for payroll taxes -- as part of the fix here.

How America Became a Third World Country

Mattea Kramer | Posted 07.21.2013 | Politics
Mattea Kramer

It's 2023 -- and this is America 10 years after the first across-the-board federal budget cuts known as sequestration went into effect.

On Sequester, Republicans Finally Cross the Line from Obstructionism Into Insanity

Sanjay Sanghoee | Posted 06.29.2013 | Politics
Sanjay Sanghoee

The sequester is going to be painful but the pain that we will suffer from the type of severe spending cuts that Republicans want will be much worse, and the long-term damage to our economy extreme.

Zach Carter

Goldman Sachs: Deficit Will Plunge Without Austerity

HuffingtonPost.com | Zach Carter | Posted 04.22.2013 | Politics

Goldman Sachs economists predicted on Friday that the federal budget deficit will shrink over the next few years by more than previously projected. ...

The Only Way to Cut the Pentagon Budget: Downsize the Mission

Tom Engelhardt | Posted 06.11.2013 | Politics
Tom Engelhardt

Hagel is considered a "realist" and so when it comes to such cuts, this is undoubtedly the best we're likely to get out of Washington for a long time to come. Unfortunately, it turns out that the best is pretty poor stuff.

Sam Stein

Head Start Families Left With No Good Options Due To Sequestration

HuffingtonPost.com | Sam Stein | Posted 04.04.2013 | Politics

WASHINGTON -- The ripple effects of sequestration are taking hold. And among the first and most affected are hundreds of lower-income parents forced t...

Reaching the Right Balance

JoAnna Kroeker | Posted 05.22.2013 | Teen
JoAnna Kroeker

Until leading politicians reach the right balance of tax increases and spending cuts, any chance of long-term sustainability and returning to a Standard and Poor's AAA sovereign credit rating is slim.

Sabrina Siddiqui

Boehner Sets Up Showdown On Debt Ceiling

HuffingtonPost.com | Sabrina Siddiqui | Posted 03.21.2013 | Politics

WASHINGTON -- House Speaker John Boehner (R-Ohio) laid down a tough requirement for raising the debt ceiling Thursday, all but ensuring a reprise of t...

Alan Grayson: Severe Cuts 'Will Cause Pain'

The Huffington Post | Chris Gentilviso | Posted 03.20.2013 | Politics

Two and a half weeks after sequestration took effect, Rep. Alan Grayson (D-Fla.) is not standing back in the face of the severe cuts. The Other 98...