Sunday, November 25, 2012

Spending cuts

  • States Want to Have Say During Talks Over Budget

    That is because the automatic tax increases and spending cuts that are scheduled to begin in January, called "the fiscal cliff" by Ben S. Bernanke, the Federal Reserve chairman, are actually better for them in some respects than many of the alternate ...

  • UK, Germans say deeper cuts or no deal in EU budget

    BRUSSELS (Reuters) - Britain and Germany warned on Friday there will be no summit deal on the European Union's proposed 1 trillion euro long-term budget without deeper spending cuts, after the latest compromise plan ignored their calls for further ...

  • Lobbyists seek to protect clients from 'fiscal cliff' budget cuts

    Come January, the nation faces a massive combination of automatic tax increases and across-the-board spending cuts that have come to be known as the "fiscal cliff" because allowing this scenario to play out would probably send the economy back into ...

  • How to judge if debt cuts are real

    Or they might reach an accord heading off massive tax increases and spending cuts that begin to bite in January - that's the fiscal cliff - while appearing to be getting tough on deficits through painful savings deferred until years from now, when ...

  • Parents Should be Prepared for School Spending Cuts

    The just-completed presidential campaign renewed interest in questions about revenue and expenditures; how much our nation wants versus what we can afford.

  • 10000 march in Dublin against next Irish budget

    Thousands of anti-austerity protesters rally outside Dublin's General Post Office to hear speeches opposing government plans for more spending cuts and tax rises Saturday, Nov. 24, 2012. The government says it will unveil Ireland's sixth straight ...

  • The Fiscal Cliff Drama, in WSJ Graphics

    The "fiscal cliff," when a package of spending cuts and tax increases is set to go into effect unless the White House and Congress negotiate an alternative, is fast approaching.

  • Rome rally against spending cuts

    ROME: Thousand of students and teachers marched through central Rome yesterday to protest austerity measures imposed by Prime Minister Mario Monti's government that have cut into education spending. Appointed a year ago when Italy came close to a ...

  • Congress returns to Washington under pressure to reach budget deal, avert ...

    Congress returns to Washington on Monday with mounting pressure to reach a deal that would cut the federal deficit and avert a mix of $500 billion in tax increases and federal spending cuts by January 2. Awaiting them is an American public uneasy about ...

  • Owners left in fiscal cliff-hanger

    Poll results showed that by nearly a 2-to-1 ratio, small-business owners believe spending cuts for education, health care and infrastructure would hurt the economy more than tax increases on the top 2 percent.

  • Behind the scenes, some budget cuts may not be that hard

    Unless Congress acts, the nation will plunge over that cliff in January as Bush-era tax cuts expire and $109 billion in automatic spending cuts take effect. White House and congressional staffs are expected to present a framework for negotiations early ...

  • US security, Maryland's economy at risk

    The cuts to defense and non-defense discretionary spending that comprise half of the fiscal cliff (or sequestration process) would have a devastating and disproportionate effect on Maryland.

  • White House Weighs Plan to Replace Spending Cuts

    White House officials are in advanced internal discussions about a plan to replace the sweeping spending cuts set to begin in January with a smaller, separate package of targeted spending cuts and tax increases, people familiar with the planning said.

  • British PM demands real EU budget cuts, not 'tinkering'

    Cameron, who has threatened a veto, is the most vocal proponent for cuts while President Francois Hollande wants the budget to keep paying subsidies for farming and development programs for poorer nations. Cameron has argued that it was unreasonable ...

  • Defense Cuts Likely in Any Budget Deal, EADS Chief Says

    Defense companies should brace for years of Pentagon spending cuts even if automatic reductions set to begin in January are averted, said Sean O'Keefe, who heads EADS North America.

  • Budget cuts, tax levy hike projected for Depew schools

    The Depew School District budget for 2013-14 is likely to contain $869,000 in spending cuts and a 2.63 percent increase in the tax levy.

  • Austerity in the UK could last until 2018, warns economic thinktank the IFS

    The era of Government austerity could last until 2018 as the UK's economic struggles are likely to force the Chancellor to prolong spending cuts, a respected think tank warns today. The Institute for Fiscal Studies releases a report arguing that the ...

  • EU Budget Cuts Must Avoid Hurting New Members: Slovak PM

    The European Union must evenly distribute spending cuts in its proposed seven-year budget to avoid disproportionately affecting cohesion programs for new members, Slovak Premier Robert Fico said.

  • Most of America would be hit by tax increases and spending cuts from 'fiscal ...

    The package of tax increases and spending cuts known as the "fiscal cliff" takes effect in January unless Congress passes a budget deal by then.

  • Labor groups rally against spending cuts in fiscal cliff ads

    (CNN) - Several major labor unions joined together to release an ad campaign this week pushing members of Congress to raise tax rates on the wealthiest Americans and protect entitlement programs from major cuts as a solution to the looming fiscal cliff ...

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