automatic cuts news
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Sailing off the fiscal cliff makes saving more difficult
Seattle :: WA :: USA | 4 months ago
Credibility
As the new year began, America officially sailed off the fiscal cliff. A combination of tax increases and government spending cuts will now take effect, at least temporarily, because Democrats and Republicans on Capitol Hill were unable to agree on a
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Economic jitters compete with Obama agenda
Las Vegas :: NV :: USA | 4 months ago
Credibility
Just as President Barack Obama is pushing new initiatives on gun control and immigration, the gloomy old problem of a sluggish economy is elbowing its way back into prominence. Consumer confidence is falling, the economy is contracting and large
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Threat of deep gov't spending cuts is cloud hanging over towns that rely on defense jobs
New York City :: NY :: USA | 7 months ago
Credibility
FoxNews.com The question of whether Congress will avoid the steep automatic spending cuts set to take affect in January is a big issue in communities that depend on defense spending, and a comment President Obama made at Monday night's debate seems
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Duncan Asks Lawmakers to Compromise on Deficit, Avoid Cuts
Washington :: DC :: USA | 10 months ago
Credibility
Ed Sec Arne Duncan said that if automatic across-the-board cuts go into effect, students could be struck a blow that will take a long time to get over. The failure of the budget supercommittee set up by Congress to reach a compromise on a deficit
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2M Jobs Lost If Automatic Cuts Kick In, Report Says
Seattle :: WA :: USA | 10 months ago
Credibility
Automatic cuts in federal spending will cost the economy more than 2 million jobs, from defense contracting to border security to education, if Congress fails to resolve the looming budget crisis, according to an analysis released Tuesday. The study,
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Top Senate Dem to GOP: Rich must be taxed more
Washington :: DC :: USA | 12 months ago
Credibility
The Senate's top Democrat says Republicans will have to accept higher taxes on the rich and drop efforts to reshape Medicare if they want a deal on cutting the debt. In a letter to GOP senators, Senate Majority Leader Harry Reid
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Facing billions in automatic cuts, Pentagon ponders next move
Washington :: DC :: USA | over 1 year ago
Credibility
Mere seconds after the leaders of a joint congressional committee announced their failure to reach a deficit deal, the chairman of the House Armed Services Committee announced he would try to undo the consequences. Yet the chairman, Rep. Howard
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Risk Aversion Heavy as US Debt Committee Fails, Japan’s Exports Fall, & Moody’s Warns France
Obama :: Japan | over 1 year ago
Credibility
Text Size "The US congressional committees set up to find $1.2 trillion worth of savings will not be able to meet its goal. As a result, we're going to see automatic cuts triggered consisting of military spending and cuts to certain entitlement
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Automatic Cuts: Necessary Medicine Or Doomsday?
Washington :: DC :: USA | over 1 year ago
Credibility
November 17, 2011 As the congressional "supercommittee" runs out of time to reach a deficit-cutting deal, the word "sequestration" is being spoken more and more in Washington. Depending upon the speaker's political views, the word can be spit out as
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Liberal group wants supercommittee to fail
Washington :: DC :: USA | over 1 year ago
Credibility
The Campaign for America's Future, a Washington based policy group, said Wednesday that the cuts required to reach a grand bargain would destroy safety-net programs for low-income people and whisk the country back into a recession. "If a drunken bus
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