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, 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.
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WASHINGTON, Jan 16- With more fights over the U.S. budget deficit just weeks away, House Republicans face their own internal debate over whether to play hardball to try to extract spending cuts from President Barack Obama.
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How politicians even explain the way the government spends money depends on what party they belong to and whether that party holds the White House or Congress.
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Although the debt ceiling debate has some nervous, others expressed optimism that the issue would be resolved in due time.
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*Raises stakes with White House news conference. At a White House news conference called to promote his position on the budget, Obama vowed not to trade cuts in government spending sought by Republicans in exchange for raising the borrowing limit.
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