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Spending Cuts

Veterans Medical Care Bill Passes Hurdle

AP | ANDREW TAYLOR | Posted 05.16.2013 | Politics

WASHINGTON — With no broader budget deal in sight, a key House panel responsible for implementing sweeping cuts to agency budgets moved Wednesda...

Vital Program Likely To Experience Cuts

AP | MARY CLARE JALONICK | Posted 05.10.2013 | Politics

WASHINGTON -- The government's food stamp program, which helps feed 1 in every 7 America, was one of the few programs exempted from this year's automa...

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

Sanjay Sanghoee | Posted 04.29.2013 | 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.

Congress Slows Military Efforts To Save

AP | LOLITA C. BALDOR | Posted 04.23.2013 | Politics

WASHINGTON — Parked around the airstrip at Joint Base San Antonio-Lackland are more than a dozen massive C-5A Galaxy transport planes. There is ...

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 04.11.2013 | 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.

Latest Showing Of Sequester Solidarity

AP | MARTIN CRUTSINGER | Posted 04.04.2013 | Business

WASHINGTON -- Treasury Secretary Jacob Lew has become the latest member of President Barack Obama's Cabinet to give back a portion of his salary. The...

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...

Nation's Poorest Losing Help When They Need It Most

AP | STEVEN R. HURST | Posted 04.03.2013 | Business

BALTIMORE -- Antonio Hammond is the $18,000 man. He's a success story for Catholic Charities of Baltimore, one of a multitude of organizations trying...

Hagel Issues Warning On Deep Spending Cuts

AP | LOLITA C. BALDOR | Posted 04.03.2013 | Politics

WASHINGTON — Defense Secretary Chuck Hagel put the Pentagon and Congress on notice Wednesday that he is considering fundamental changes to the s...

Obama Embarks On First Golf Outing Since Major Cuts Took Effect

AP | DARLENE SUPERVILLE | Posted 03.30.2013 | Politics

WASHINGTON — President Barack Obama is on his first golf outing since automatic spending cuts known as the sequester went into effect on March 1...

Lawmakers 'Drastically' Tighten Belts In Attempt To 'Lead By Example'

AP | JIM ABRAMS | Posted 03.30.2013 | Politics

WASHINGTON -- Members of Congress are traveling less and worrying more about meeting office salaries. Their aides are contending with long lines to ge...

Budget Balance Is In Eye Of The Beholder

AP | DAVID ESPO | Posted 03.23.2013 | Politics

WASHINGTON — When it comes to budgets, balance is in the eye of the congressional beholder. To House Republicans, it means a balanced budget in...

Holder Averts Furloughs Of Key Staffers

AP | PETE YOST | Posted 03.23.2013 | Politics

WASHINGTON — Attorney General Eric Holder says he has averted daily furloughs of 3,570 federal prison staffers around the country, moving $150 m...

FAA To Close 149 Air Traffic Towers Because Of Budget Cuts

AP | JASON KEYSER | Posted 03.22.2013 | Politics

CHICAGO — Under orders to trim hundreds of millions of dollars from its budget, the Federal Aviation Administration on Friday released a final l...

Reaching the Right Balance

JoAnna Kroeker | Posted 03.22.2013 | 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...

Employees Forced To Bring Their Own Toilet Paper To Work

The Huffington Post | Posted 03.21.2013 | Business

City officials in one Missouri town have come up with a simple plan to cut public spending: BYOTP. That's right, male public works employees in Wi...

Senate Panel To Approve Budget Sparing Safety Net

Posted 03.14.2013 | Politics

By ANDREW TAYLOR, THE ASSOCIATED PRESS WASHINGTON — Acting on the Senate's first budget since President Barack Obama took office, a Democratic-le...

Meat Shortage Coming?

Reuters | Posted 05.13.2013 | Business

* Furloughs expected to begin in mid-July, total 11 days * Furlough days will be sporadic, none in succession WASHINGTON...

Obama Talks White House Tours

AP | NEDRA PICKLER | Posted 05.13.2013 | Politics

WASHINGTON — President Barack Obama is opening the door to the possibility of a resumption of White House tours for student groups amid some con...

GOP Senator Rails Against Washington's 'Dysfunctional' Culture

The Huffington Post | Chris Gentilviso | Posted 03.10.2013 | Politics

Sen. Tom Coburn (R-Okla.) did not mince words about sequestration on Sunday. In an interview on NBC's "Meet The Press," Coburn railed against the a...

Obama Reaching Out To GOP To End Gridlock

AP | Posted 03.09.2013 | Politics

WASHINGTON -- President Barack Obama says he's reaching out to lawmakers from both parties in hopes of untangling the gridlock that has stymied progre...

University Research Discovers Hard Truths Of Budget Crisis

Reuters | Posted 05.09.2013 | Politics

By Gabriel Debenedetti and Peter Rudegeair March 9 (Reuters) - Nobel Prize-winning molecular biologist Carol Greider used to have eigh...