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Spending Cuts

Economists Prefer Cuts Over Taxes, Survey Finds

AP | Posted 10.21.2011 | Business

NEW YORK -- The majority of economists surveyed by the National Association for Business Economics believe that the federal deficit should be reduced ...

White House Orders Agencies To Cut Their Budgets

AP | By ALAN FRAM | Posted 10.19.2011 | Politics

WASHINGTON (Associated Press)-- It's a microcosm of the budget battling that has consumed Congress all year: The Obama administration wants federal ag...

Some Groups May Want Congressional Gridlock On Key Issue

Posted 10.18.2011 | Politics

By ALAN FRAM, Associated Press (AP) WASHINGTON — Gridlock, as much as it's derided, may be the best outcome for the elderly, health care provider...

Why the Jobs Argument Against Military Cuts is Bogus

Robert Naiman | Posted 10.16.2011 | Politics
Robert Naiman

An argument against cuts to projected military spending that is sure to rear its ugly head is that this would cost American jobs. In the current political context, this "jobs" argument is 100% nonsense. Here's why.

NY Times: Debt Deal Does 'Real Damage' At The Local Level

The New York Times | Editors | Posted 10.14.2011 | Business

States and cities had already endured a harrowing three-year financial slide when the debt-ceiling crisis darkened their outlooks even further. In the...

For 'Super Congress' Members, 'Doomsday' Cuts Loom Large

AP | DONNA CASSATA | Posted 10.14.2011 | Politics

WASHINGTON — For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened "doomsday" defense cuts hit close to home. Th...

How the Economic Rollercoaster Strains Startups

Ray Leach | Posted 10.12.2011 | Small Business
Ray Leach

A poorly performing stock market, in addition to the anticipated public-sector budget cuts, put a damper on almost everything that high growth entrepreneurs need to be successful.

Michael McAuliff

Pelosi Picks Democratic Champions For Super Congress | Michael McAuliff | Posted 10.11.2011 | Politics

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) made the final picks for the new deficit-slashing "super Congress" Thursday, naming three ...

Federal Budget Deficit Puts Pressure On White House, Congress

AP | MARTIN CRUTSINGER | Posted 10.10.2011 | Politics

WASHINGTON — The United States' budget deficit has topped $1 trillion for a third straight year, adding pressure on Congress and the White House...

Fat Cat Pledge: "I Will Pay Higher Taxes"

Carla Seaquist | Posted 10.08.2011 | Politics
Carla Seaquist

In a rare kind of largesse, various of his wealthy backers backers told Cantor that, contrary to Republican dogma, they could support paying higher taxes. On behalf of that middle class, and the working class too: We accept, we accept!

Investors Prefer Fact-Based to Faith-Based Economics

Robert S. McElvaine | Posted 10.04.2011 | Business
Robert S. McElvaine

It appears that investors know that the endlessly repeated catechism of the faith-based Marketists -- "When the American people have to tighten their belts, the government should do the same" -- is the opposite of the truth.

Nearly Half Of Americans Say Debt Ceiling Deal Worsens Economy

The Huffington Post | Alexander Eichler | Posted 10.03.2011 | Business

Since President Obama signed a deal on Tuesday to extend the Treasury’s borrowing authority and reduce the federal deficit, it’s become clear that...

Dan Froomkin

Progressive Despair: Austerity Top Priority As Economy Sputters, Americans Suffer | Dan Froomkin | Posted 10.03.2011 | Politics

WASHINGTON -- This week's big debt deal has left progressives despairing over a disconnect between Washington and the rest of the country that they sa...

King Solomon and the Debt Deal

Morna Murray | Posted 10.02.2011 | Politics
Morna Murray

With a debt limit deal that will be carefully dissected in the days to come, President Obama faced a choice that was just about as difficult as King Solomon's: allow the country to default or give in to demands from a small group of radical ideologues.

Debt Ceiling Deal Not Such A Deal For Graduate Students

CNN Money | Jennifer Liberto | Posted 10.02.2011 | Business

WASHINGTON (CNNMoney) -- Some students will start owing more on their loans while they're in school under a last-minute debt ceiling deal to keep the ...

Is There a Pony Somewhere in All This Defense Budget Manure?

Dorian de Wind | Posted 10.02.2011 | Politics
Dorian de Wind

Depending on which side of the military spending issue one is on, depending on whether one is a hawk or a dove, chills or thrills are running up and ...

Joy Resmovits

What The Debt Deal Means For Kids In School | Joy Resmovits | Posted 10.02.2011 | Education

Public schools around the country averted an immediate spending crisis when Congress voted Tuesday afternoon to pass an 11th-hour deal to raise the de...

Alexander Eichler

Real Impact, Extent Of Defense Cuts Remains Hard To Predict | Alexander Eichler | Posted 10.02.2011 | Business

The debt deal reached by the White House and congressional Republicans this Sunday includes $350 billion in security cuts over the next 10 years, with...

Debt Ceiling Deal Angers Progressives, Tea Party

AP | DAVID ESPO | Posted 10.01.2011 | Politics

WASHINGTON — The newly struck debt-ceiling compromise between President Barack Obama and the Republican leaders of Congress represents a histori...

Michael McAuliff

Debt Ceiling Deal That Cuts Trillions, Creates 'Super Congress' Announced By Party Leaders | Michael McAuliff | Posted 09.30.2011 | Politics

WASHINGTON -- Congressional leaders and President Obama on Sunday night announced they've cut a deal to avert a historic U.S. default, saying they hav...

Elise Foley

Durbin: Debt Deal Will Be The Death Of Keynesian Economics | Elise Foley | Posted 09.30.2011 | Politics

WASHINGTON -- The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession, Senate Majo...

Arthur Delaney

Mitch McConnell: Congress 'Very Close' To A Debt Ceiling Deal | Arthur Delaney | Posted 09.30.2011 | Politics

WASHINGTON -- Senate Minority Leader Mitch McConnell (R-Ky.) said congressional negotiators are "very close" to a deal to cut spending by $3 trillion ...

Elise Foley

Pelosi: New Plan Needed On Debt | Elise Foley | Posted 09.27.2011 | Politics

WASHINGTON -- House Democratic Leader Nancy Pelosi (D-Calif.) vowed on Thursday not to help Republicans pass their debt limit plant, arguing the leade...

Elise Foley

John Boehner Debt Plan Cuts $915 From Deficit: CBO | Elise Foley | Posted 09.26.2011 | Politics

WASHINGTON -- One day after being rebuked for introducing a debt ceiling plan that fell short of the Tea Party's desired levels of cuts, House Speaker...

The GOP's Hidden Tax Agenda

David Perez | Posted 09.25.2011 | Politics
David Perez

Cutting student loans is like raising taxes on students. Cutting Social Security is like raising taxes on the elderly. Cutting Medicare is like raising taxes on the poor. And yes, closing loopholes is like raising taxes on hedge fund managers.