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Spending Cuts

Lew Set To Start New Gig As Crisis Looms

AP | MARTIN CRUTSINGER | Posted 02.28.2013 | Politics

WASHINGTON -- Jacob Lew is scheduled to be sworn in Thursday as Treasury secretary and will have to hit the ground running. He is taking over the job...

Democrats, GOP To Stage Votes On Rival Cuts

Posted 02.28.2013 | Politics

By ANDREW TAYLOR, THE ASSOCIATED PRESS WASHINGTON — Across-the-board spending cuts all but certain, Republicans and Democrats in the Senate are s...

Mark Blumenthal

To Cut Or Not To Cut? Polls Point Both Ways | Mark Blumenthal | Posted 02.28.2013 | Politics

WASHINGTON -- To cut or not to cut, and if so, what? Those are critical questions facing President Barack Obama and congressional leaders as the autom...

After Spending Cuts Prompt Immigration Move, Official Steps Down

Posted 02.27.2013 | Politics

By THE ASSOCIATED PRESS WASHINGTON — The senior Homeland Security Department official in charge of arresting and deporting undocumented immigrant...

I Just Solved the Sequester!

Jared Bernstein | Posted 04.29.2013 | Politics
Jared Bernstein

What if I offered you -- them -- a solution that scratched both of those itches at once... a way to simultaneously both cut spending and raise revenues? That would be irresistible, right?

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...

Palin: 'Cut The Drama!'

The Huffington Post | Paige Lavender | Posted 02.26.2013 | Politics

Former Alaska governor Sarah Palin sent a message to Washington, D.C. on Tuesday: "Cut the Drama. Do Your Job." The former Republican vice presiden...

McConnell Seeks 'Flexibility' Over Looming Problem

Reuters | Posted 04.28.2013 | Politics

WASHINGTON, Feb 26 (Reuters) - U.S. Senate Republican leader Mitch McConnell said on Tuesday he favored replacing deep, across-the-board spending cu...

Obama Warns Spending Cuts Could Idle Military Resources

AP | JOSH LEDERMAN | Posted 04.28.2013 | Politics

WASHINGTON — President Barack Obama brushed off a Republican plan Tuesday to give him flexibility to allocate $85 billion in looming spending cu...

Walker: GOP Should Call Obama's Bluff

The Huffington Post | Paige Lavender | Posted 02.26.2013 | Politics

Wisconsin Gov. Scott Walker (R) urged lawmakers to call President Barack Obama's "bluff" ahead of March 1, when a serious of automatic cuts take effec...

Ben Bernanke Urges Congress To Avoid Sharp Spending Cuts

Reuters | Posted 04.28.2013 | Business

By Pedro da Costa and Alister Bull WASHINGTON, Feb 26 (Reuters) - Federal Reserve Chairman Ben Bernanke strongly defended the U.S. cen...

Private Manufacturers Growing Sales, Profitability

Mary Ellen Biery | Posted 04.27.2013 | Small Business
Mary Ellen Biery

Private manufacturing companies in Sageworks' database have an average net profit margin of 6.5 percent, according to current estimates for 2012. That compares with an average net profit margin of just over 5 percent in 2011 and a recessionary low average of 2.7 percent in 2009.

The President's (Losing) Hand: Somebody Call His Bluff!

Pete Hegseth | Posted 04.27.2013 | Politics
Pete Hegseth

Until a credible force--making a broad and compelling counterargument that resonates outside the beltway--comes to the negotiating table, the president won't. He doesn't have to. His job is secure, even if there rest of ours are not.

Jennifer Bendery

White House Releases Reports Detailing Sequester Impacts By State | Jennifer Bendery | Posted 02.25.2013 | Politics

WASHINGTON -- It's looking increasingly like the government is about to impose on itself $85 billion in across-the-board spending cuts. So as part of ...

Blaming the Tea Party-Controlled GOP for Sequestration Isn't Partisan, It's Factual

Mitchell Bard | Posted 04.26.2013 | Politics
Mitchell Bard

Republicans in Congress are willing to take the pocketbooks of the American people hostage, all to try and ransom spending and entitlement cuts that would, in the opinion of many economists, cause further economic damage to all but the wealthiest Americans.

Jan Brewer Says GOP Should Be 'Pragmatic' About Taxes

The Huffington Post | Arthur Delaney | Posted 02.24.2013 | Politics

WASHINGTON -- Arizona Gov. Jan Brewer (R) said Republicans should be "pragmatic" and compromise with Democrats on a deal to avert spending cuts schedu...

21 Animals That Have Absolutely Nothing To Say About Sequestration

The Huffington Post | Posted 02.22.2013 | Politics

Despite polls showing most Americans are in favor of spending cuts in general, it's hard to get people to pay attention to the details of the looming ...

Repeal It: Proof for Republicans That Sequester Was "Obama's Idea"

Paul Abrams | Posted 04.24.2013 | Politics
Paul Abrams

Although Boehner asserted that he got "98 percent of what he wanted" in the budget control act, apparently that extra 2 percent was the sequester, because Republicans are trying to run away from it faster than stink on you-know-what.

Why Customers Are Disappearing, Why Higher Unemployment Is the Likely Result, and Why Many in Washington Don't Have Half a Brain

Robert Reich | Posted 04.24.2013 | Business
Robert Reich

Can we just put aside ideology for one minute and agree that businesses hire more workers if they have more customers, and fire workers if they have fewer customers?

Americans Want Spending Cuts, But Not There

The Huffington Post | Ariel Edwards-Levy | Posted 02.22.2013 | Politics

Most Americans are worried about the federal deficit and say the government should cut spending, but few are willing to embrace specific cuts, accordi...

Republicans Already Winning On Pivotal Issue

AP | TOM RAUM | Posted 04.24.2013 | Politics

WASHINGTON — Republicans and other fiscal conservatives keep insisting on more federal austerity and a smaller government. Without much fanfare ...

Top Dem: 'Managing From Crisis To Crisis' Is Absurd

AP | Posted 02.21.2013 | Politics

WASHINGTON -- House Minority Whip Steny Hoyer says Congress must "put aside ideological constraints" and resolve differences over taxes, budget and sp...

Sequester Them All!

Chris Weigant | Posted 04.22.2013 | Politics
Chris Weigant

The only way any deal is going to happen is if Obama gets Boehner and all the other leadership in a room to hammer something out -- with gloves on -- that will have nobody's clear fingerprints on when it emerges.

Doomsday Warnings On Cuts May Be Overblown

Reuters | Posted 04.16.2013 | Politics

* Cuts mean longer airport lines, more homeless -administration * U.S. military not seen compromised at 2007 funding levels ...

Dem Senator: Cuts Were Threat, Not Strategy

AP | Posted 02.10.2013 | Politics

WASHINGTON -- A top Democrat says the automatic spending cuts set to take effect were meant as a threat, not a strategy. Sen. Dick Durbin, the assist...