budget

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Harry Reid: We Don't Have Time for Gun Control

Meanwhile, lawmakers decide to punt on budget

(Newser) - Don't expect Congress to tackle gun control in the wake of the Aurora shooting; Harry Reid told reporters today that the Senate's schedule was simply too packed to take on the issue, according to the AP . Reid said he agreed with President Obama's remarks last night, but...

Obama: 'Radical' Ryan Budget a 'Trojan Horse'

Ryan shoots back that Obama is 'disappointing'

(Newser) - Barack Obama plans to savage the House GOP budget proposal today, calling it "thinly veiled social Darwinism," according to a draft of the speech he'll deliver. "It’s a Trojan horse," Obama will say. "Disguised as deficit reduction plan, it's really an attempt...

GOP Rolls Out Budget With Huge Tax Cuts

There would be just two brackets, with the top at 25%

(Newser) - House Republicans rolled out a new Paul Ryan-penned budget proposal today that calls for a drastic tax-code overhaul, major changes to Medicare and Medicaid, and deep cuts in domestic spending, all while softening a set of automatic defense spending cuts set to hit in January. The budget would scrap our...

Obama Unveils $3.8T Budget, Targets Rich

Budget would institute 'Buffett Rule,' boost infrastructure

(Newser) - President Obama officially unveiled his $3.8 trillion budget today, and as expected it draws a 2012 battle line, calling for higher taxes on the wealthy combined with spending measures intended to bolster the economy, the AP reports. "We built this budget around the idea that our country has...

Struggling US Cities Turn Off the Lights

Towns nationwide get a little darker

(Newser) - For a number of cities across the US, troubled local economies have led to dark times—literally. From Oregon to Illinois to California, struggling towns have found themselves forced to turn off, and often completely remove, local streetlights. And with winter shortening daylight hours, citizens are none too pleased by...

Congress (Gasp!) Poised to Pass Spending Bill

Appropriations 'the last bastion of getting something done around here': rep

(Newser) - Looks like Congress is finally getting something done with minimal angst. A $1 trillion spending bill to last through September is set to be revealed today, barring any last-minute controversy. The process has been a more simplified one thanks to the fact that the overall spending level was set at...

Obama Steps Into Budget Talks

President will meet with key lawmakers next week

(Newser) - Step aside, Joe. A day after congressional Republicans called off debt-reduction talks with Vice President Joe Biden, the White House announced President Obama will meet directly with key lawmakers next week, reports the Washington Post . Obama will meet with Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell on...

Texas Town Furloughs Entire Police Force

With five-member department on 6-month leave, mayor predicts chaos

(Newser) - With its finances stretched to the breaking point, Alto, Texas, is giving its police officers the boot for six months—all five of them. OK, so it’s not exactly the NYPD. But with the county sheriff’s office already overburdened, town residents are afraid losing their small department could...

Paul Krugman on Budget Deal: What Happened to the Old Barack Obama?

 Barack Obama Has Gone AWOL 
paul krugman
Apr 11, 2011 1:51 PM CDT

Barack Obama Has Gone AWOL

Not only is Obama caving to the GOP—he's 'celebrating' it, writes Paul Krugman

(Newser) - Barack Obama has left the building. Granted, with Republicans running amok, all Obama really has is “the bully pulpit,” but incredibly, “he’s using it to reinforce his enemies’ narrative,” writes Paul Krugman in the New York Times . Maybe he did have to make big concessions...

What the Shutdown Means for Government Workers

Guidance released on what will shutter

(Newser) - Cabinet secretaries and federal agency heads have begun briefing their employees on what to expect in the increasingly likely event of a government shutdown. According to a Q&A distributed yesterday, and obtained by the Washington Post , employees won’t be able to work voluntarily, and those who do work...

Latest Casualty of World's Upheaval: Media Budgets

From Libya to Japan, the money's running out

(Newser) - There’s been a lot of news around the world in 2011—too much, in fact, for some news organizations to handle. Japan, Libya, and Egypt have stretched already tight cable and broadcast news budgets to the breaking point, The Wrap reports. “We've already had a year's worth of...

GOP Freshmen Learn Basics at 'Budget Camp'

Their homework: sell the plan in their own districts

(Newser) - Senior Republicans have an assignment for their 87 freshmen: Sell the party’s budget plan in your home districts. To that end, party leaders have been running a “boot camp” to teach the budget basics, with “listening sessions” run by senior lawmakers, Politico reports. But in a fiscally-focused...

GOP to Try Two-Week Spending Bill

Stopgap measure is pro-rated version of original plan

(Newser) - With no way to get their $61 billion in cuts through the Senate, House Republicans are now pushing a two-week stopgap spending plan in hopes of preventing a government shutdown. The new measure is to be a pro-rated version of the original plan, which means it will include some $4...

Texas's Busted Budget Shows Failure of GOP Theory
Texas's Busted Budget
Shows Failure of GOP Theory
paul krugman
Jan 7, 2011 12:04 PM CST

Texas's Busted Budget Shows Failure of GOP Theory

Paul Krugman: State faces huge hole over taxes-are-evil mantra

(Newser) - To all appearances, things were going great in Texas until recently. Gov. Rick Perry even boasted of a surplus in the billions in his re-election run. For conservatives, it was a shining example of good fiscal practice: never raise taxes; use only spending cuts to balance the budget. Now, though,...

GOP Already Breaking Campaign Promises
GOP Already Breaking Campaign Promises
THAT WAS THEN
Jan 6, 2011 9:35 AM CST

GOP Already Breaking Campaign Promises

Legislative rules backtrack on openness pledge

(Newser) - Well, that was fast. Republicans are already backpedaling on a number of provisions of their “Pledge to America,” including promises to cut spending and reform Congressional rules. The GOP had railed against Democrats’ strong-arm legislative tactics, pledging to send all bills through a full committee process and to...

House GOP Vows to Cut $100B ... From Somewhere

But 20% reduction may be too drastic to be realized

(Newser) - The Republican-controlled House is determined to follow through on its plan to cut $100 billion in domestic spending this year—it just isn’t quite sure where the cuts will come from. The military, domestic security, and veterans are safe, but all other federal programs would face 20% cuts, on...

Tax Cut Showdown: Dems' Two Options

Must win centrists as Bush cuts expire

(Newser) - When it comes to tax cuts, the Democrats’ options are few. Politically speaking, it’s too late to force the expiration of Bush cuts on those earning more than $250,000. But Dems have two notable choices, writes David Leonhardt in the New York Times : one, to let the Bush...

Europe Markets in Turmoil Over Debt Worries

New concerns (and rumors) center on Portugal, Spain

(Newser) - Authorities across Europe rejected a report that a Portuguese bailout would cut the risk of Spain needing similar action, the Wall Street Journal reports. A German paper had cited German finance ministers in the matter, but the ministry, Portugal, Spain, and the European Commission all said Portugal wasn’t being...

US Intel Spending Breaks $80B
 US Intel Spending Breaks $80B  
Oct 29, 2010 8:36 AM CDT

US Intel Spending Breaks $80B

Spending revealed for first time this century

(Newser) - American intelligence spending hit $80.1 billion, or some 12% of defense spending, for the just-ended fiscal year—more than what was spent on either the Department of Homeland Security ($53 billion) or the Justice Department ($30 billion). It's triple the $26.7 billion that was budgeted in 1998, the...

Broke 'Rents Crack Down on Kids' Sprees

Managing the expectations of your free-spending kids

(Newser) - What to do with a 10-year-old daughter who insists—insists!—on designer 'jeggings' for fall? "Manage expectations," advises the Wall Street Journal in a feature on suddenly cash-strapped middle income parents and their "costly" kids. Today's children face a real drop in their standard of living,...

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