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Obama budget calls for targeted cuts

February 14, 2011 President Obama's 2012 budget, out this morning, calls for $1.1 trillion in deficit reduction over the next 10 years, with roughly two-thirds drawn from spending cuts and another third from revenue increases. Under the White House plan, the deficit would peak this year at $1.6 trillion, or 10.9 percent of...

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GOP proposed cuts get smaller the closer you look

February 4, 2011 Thursday's spending announcements from the House Budget and Appropriations committees finally answered the question of how much money Republicans want to cut from the budget. The problem? There is more than one answer, depending on where you start. First, Republican leadership aides announced that Budget Committee Chairman Paul Ryan, R-Wis.,...

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House GOP proposes $74 billion in spending cuts

February 3, 2011 This article has been updated. House Republicans are proposing to slash $74 billion in discretionary spending this year, and have included a surprise cut of $16 billion for defense and other security programs. House Budget Committee Chairman Paul Ryan, R-Wis., is expected to file a budget resolution Tuesday using unilateral...

from govexec

Obama rebuffs GOP calls for immediate deep spending cuts

January 25, 2011 While President Obama is known for campaigning on change, his State of the Union Address offered much of the same rhetoric on fiscal responsibility he has deployed in the past two years. Rather than meeting Republicans half-way on spending after his party's electoral set-back this fall, he asked them to...

from govexec

House GOP mulls retroactive spending cuts

January 14, 2011 With House Republican leaders looking to slash about $60 billion from the budget this year, they are considering retroactively cutting money out of the temporary spending measure that is funding the government through March 4. The idea of retroactively cutting money that has been approved but not yet spent is...