By Louis Jacobson, Times staff writer Wednesday, February 23, 2011 The statement The president’s proposed budget “will help reduce the deficit by $400 billion over the next decade to the lowest level since Dwight Eisenhower was president.” President Barack Obama, on Tuesday in a speech in Cleveland The ruling Using the summary tables from Obama’s [...]
Posts Tagged ‘spending’
House Appropriations Committee Approves $32B Budget Cut, Reducing Foreign Aid, Domestic Spending For FY11
February 9th, 2011
davidguide The House Appropriations Committee “voted, 27-22, Tuesday evening to move ahead with Republican plans for cutting” $32 billion “from domestic and foreign aid spending over the last seven months of this fiscal year,” Politico reports (Rogers, 2/8). View full post on All Stories
Infrastructure spending a bright spot for Seattle economy
December 10th, 2010
davidguide Here comes a local infrastructure investment boom. There’s the $3.1 billion Highway 99 corridor, including the deep-bore tunnel beneath downtown Seattle; the $4.6 billion 520 bridge and approaches; the $1.9 billion university light-rail extension, and $750 million for improving passenger train capacity and speeds — even if not true high-speed rail. View full post on [...]
Deficit Panel Delays Vote; Curbing Medicare Spending Part Of Proposal
December 2nd, 2010
davidguide Over the next ten years, 30 million more seniors will pour into Medicare, which already eats up 12 percent of the federal budget and 20 percent of all health spending, NPR reports. That has deficit hawks worried. Douglas Holtz-Eakin, a former Congressional Budget Office director, says, “If you look past the next eight to 10 [...]
Ottawa Plans Spending Cuts To Give Economic Recovery A Big Push
November 22nd, 2010
davidguide AHN News Staff Ottawa, Ontario, Canada (AHN) – Ottawa is planning to put in place massive spending cuts in a bid to give Canada’s economic recover a big push. Federal Finance Minister Jim Flaherty was scheduled to outline the new economic policies in a speech Monday in Oakville, Ontario. Ahead of his speech, Flaherty hinted [...]
Irish cabinet meets on fiscal plan, support crumbles
November 21st, 2010
davidguide DUBLIN (Reuters) – The Irish cabinet meets on Sunday to rubberstamp a four-year program of spending cuts and tax measures that is expected to be published early next week and then be followed swiftly by an international financial bailout. View full post on All Stories
Govt denies bailout will force tougher cuts
November 20th, 2010
davidguide The Government tonight denied that a bailout for the crippled economy will see it forced into imposing even tougher cuts in public spending. View full post on All Stories
Spending Cuts Reach Campus Oasis
November 10th, 2010
davidguide Looming cuts in government spending threaten to damp the prosperity of the Palouse region in Idaho and Washington State, where two public universities have helped keep the economy strong. View full post on All Stories
Osborne slashes welfare in spending review
October 20th, 2010
davidguide – Cuts total 19% of spending over 4 years – Welfare cuts to save Treasury £7bn – Train fares to rise 3% on top of inflation – Johnson attacks Osborne’s ‘deficit deceit’ – Watch Osborne announce the spending review here – Read the spending review report here – Hit refresh for latest updates 2.38pm: Earlier [...]
George Osborne unveils spending cuts to MPs
October 20th, 2010
davidguide Andrew Sparrow with live coverage throughout the day as George Osborne announces his long-awaited radical public spending cuts 12.40pm: Osborne is still on debt. – Debt interest payments will be £5bn lower over the course of the spending review. Osborne says capital spending will be £51bn this year. It will be £2bn than planned at [...]
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