When it comes to the automatic spending cuts that began taking effect this month, federal lawmakers spared programs that serve the nation's most vulnerable — such as food stamps, Medicare, Medicaid and veterans' assistance — from hard hits.
For all the rhetoric from both political parties, the impending U.S. budget cuts are more a blip than a bomb. An initial $100 billion-worth of federal spending reductions won’t do much real damage to the growing economy.
Defense Secretary Chuck Hagel lamented $46 billion in automatic defense budget cuts as "abrupt and arbitrary" but expressed confidence Friday that the Obama administration will find ways to manage them without jeopardizing national security.
Proposed cutbacks in federal spending could wipe out years of progress toward controlling sea lampreys in the Great Lakes and restoring fish species devastated by the parasitic invaders, officials say.
Proposed budget cut threatens job program for seniors President Barack Obama’s proposed budget calls for a 45 percent cut in funding for the Senior Community Service Employment Program — the main funding source for Experience Works in Minnesota and North Dakota.
Even before Minnesota Gov. Mark Dayton unveils his first budget on Tuesday, his promised tax increases have slammed into Republican resistance. The GOP is sure to give a much warmer reception to his ideas for cutting spending.
Bemidji State University and Northwest Technical College officials spent much of Thursday presenting to staff, faculty and students from both campuses a plan to reduce the institutions’ budget by 10 percent.
Europe’s economic picture darkened further today as Britain’s prime minister declared the nation’s finances to be worse than feared — requiring sacrifices that will affect “our very way of life” — and the euro slid further toward parity with the dollar.
Pawlenty budget reduces state aid Predictably, Minnesota Gov. Tim Pawlenty’s proposed budget cuts Monday included sizeable reductions in aid to cities and counties.
Equally predictably, local government leaders are upset.
Did Gov. Tim Pawlenty go too far in balancing Minnesota's state budget on his own? His lawyers will file a brief defending the cuts Tuesday with the State Supreme Court, which will hear the case in March.
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