Government Shutdown
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WASHINGTON, May 21- The Appropriations Committee of the U.S. House of Representatives made clear on Tuesday that automatic spending cuts will be a recurring nightmare for Washington as it passed a measure to sharply reduce funding for government agencies and programs next year.
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WASHINGTON, May 21- The Appropriations Committee of the U.S. House of Representatives made clear on Tuesday that automatic spending cuts will be a recurring nightmare for Washington as it passed a measure to sharply reduce funding for government agencies and programs next year.
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Despite huge cutbacks in government spending, some high level federal executives are scheduled to get millions of dollars in bonuses, unless a law is passed.
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Leading congressional Republicans said on Sunday a broad deal with President Barack Obama on deficit reduction and entitlement reform remains possible but differed over potential flexibility on taxes, with the House speaker and budget leader not bending
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WASHINGTON, March 17- Leading congressional Republicans said on Sunday a broad deal with President Barack Obama on deficit reduction and entitlement reform remains possible but differed over potential flexibility on taxes, with the House speaker and budget leader not bending.
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WASHINGTON, March 17- Senior congressional Republicans said on Sunday they see a chance for a broad deal with President Barack Obama on deficit reduction and reining in spending on vast government programs like Medicare and one senator signaled potential flexibility on taxes.
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WASHINGTON, March 7- U.S. Senate Democrats' version of stop-gap government funding legislation will likely include a new mechanism to give federal agencies more flexibility to move money between projects and programs to help ease $85 billion in automatic budget cuts.
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WASHINGTON, March 7- U.S. Senate Democrats' version of stop-gap government funding legislation will likely include a new mechanism to give federal agencies more flexibility to move money between projects and programs to help ease $85 billion in automatic budget cuts.
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WASHINGTON, March 3- President Barack Obama has reached out to Republican and Democratic lawmakers in search of a resolution to automatic across-the-board U.S. government spending cuts, a White House official said on Sunday, but Republican congressional leaders offered little hope for a quick solution.
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*Government agencies to cut $85 billion in spending. WASHINGTON, March 1- President Barack Obama formally ordered broad cuts in U.S. government spending on Friday night after he and congressional Republicans failed to reach a deal to avert automatic reductions that could dampen economic growth and curb military readiness.
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*Washington to begin $85 billion in cuts. Put in place during a bout of deficit-reduction fever in 2011, the automatic cuts can only be halted by agreement between Congress and the White House. Financial markets in New York shrugged off the stalemate in Washington.
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*Washington to begin $85 bln in cuts. Put in place during a bout of deficit-reduction fever in 2011, the automatic cuts can only be halted by agreement between Congress and the White House.
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*Washington about to begin $85 bln in cuts. Put in place during a bout of deficit-reduction fever in 2011, the automatic cuts can only be halted by agreement between Congress and the White House.
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*Obama and congressional leaders in talks at White House. Locked in during a bout of deficit-reduction fever in 2011, the time-released "automatic" cuts can only be halted by agreement between Republican lawmakers and the White House.
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NEW YORK, Feb 27- Fitch Ratings on Wednesday said implementation of automatic U.S. government spending cuts due March 1, along with a government shutdown, would not prompt a negative rating action.
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Gold has found itself unable to extend its decade-long rally into 2013 – all the more curious given that central bank easing still continues to flow and global risks abound.
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Despite fundamentals that should be contributing to a strong rally, gold is clearly losing steam. A slow decline that began late last year is quickly snowballing into a sell off.
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In the State of the Union, Obama will lay out a plan for economic growth, seeking to attract jobs from overseas, the White House said. Traders are interested in his tone.
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Bridge disputes in Congress on taxes and spending. Shrink budget deficits. Manage tense economic ties with China. Press Europe to reduce debts while fighting a recession. Defend the U.S. financial overhaul law. Prevent a global currency war. And those are just the obvious challenges.
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*Automatic spending cuts due to kick in March 1. WASHINGTON, Jan 27- Automatic spending cuts postponed at the start of the year will go into effect as scheduled in March but "no one" is talking about allowing a U.S. government shutdown, the Republican House of Representatives Budget Committee chairman said on Sunday.
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House Republican leaders have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity.