Survey: Budget Cuts Not Hurting U.S. Businesses
Washington's budget tightening is having a minimal effect on businesses, a survey of business economists released Monday shows.
spending cuts
Budget Battle Puts Obama Charm Offensive to the Test
House Republicans are sending mixed signals in agreeing to meet with President Barack Obama for talks over the budget impasse.
Spending Cuts In Place, Obama and GOP Brace for Next Battle
Severe spending cuts now the law of the land, President Barack Obama and congressional Republicans placed the blame squarely on each other for any damage the cuts might inflict.
Sequestration Imminent, Senate Rejects Stopgap Efforts
The Senate swatted aside last-ditch plans to block $85 billion in broad-based federal spending reductions Thursday as President Barack Obama and Republicans blamed each other for the latest outbreak of gridlock and the administration readied plans to put the cuts into effect.
Why the Budget Battle Stalemate? Politicians Are Too Human
Professionals who special in conflict resolution recognize in Washington's bitter budget standoff a hint of human nature as they know it, but with the crazy pumped up to absurd levels.
Government Downsizes Amid GOP Demands for More Cuts
Republicans and other fiscal conservatives keep insisting on more federal austerity and a smaller government. Without much fanfare or acknowledgement, they've already gotten much of both. Another round of huge cuts, known as the "sequester," will hit beginning March 1.
Obama Seeks to Avoid Sequester with Short-Term Deficit Fix
President Barack Obama is asking Congress for a short-term deficit reduction package of spending cuts and tax revenue that will delay the effective date of steeper automatic cuts now scheduled to kick in on March 1. Obama said the looming sequestration cuts would be economically damaging.
Night of the Living Debt Ceiling: The Fiscal Horror That Is to Come
Last week's fiscal cliff deal did much to resolve the dark specter of economic uncertainty in America. However, it was only the first of three fiscal crises set to hit before March. Next on deck, another sequestration battle; and then the biggie: "Debt Ceiling 2: The Tea Party Strikes Back."
Debt Crisis Looms as Congress Digs in Its Heels
Legislators show no signs they're heading toward compromise in resolving the nation's next financial crisis, with Democrats talking about further taxes hikes on the rich, and Republicans saying a crippling default on U.S. debt is possible unless they get significant cuts in government spending.
Fiscal Cliff Averted: Details of the Deal
An agreement was reached late Monday between the White House and Senate Minority Leader Mitch McConnell aimed at averting the fiscal cliff. Early Tuesday morning, the Senate passed the bill, and late Tuesday night, so did the House. Let's break down the key points of the deal.
Fiscal Cliff Deal Likely to Tell a Tale of Trimmed Ambitions
Whether negotiated in a rush before the new year or left for early January, the fiscal deal President Barack Obama and Congress cobble together will be far smaller than what they initially envisioned as an alternative to purposefully distasteful tax increases and spending cuts.
U.S. Economy Could Handle Short Fall Over 'Cliff'
Even if New Year's passes with no deficit reduction deal, businesses and consumers would not likely panic as long as some agreement seems imminent. The $671 billion in tax increases and spending cuts could be retroactively repealed, and the impact of the tax increases would be felt only gradually.
US Durable Goods Orders Up 0.7 Percent
U.S. companies increased their orders for long-lasting manufactured goods in November, with a second consecutive monthly gain in a key category that reflects businesses' investment plans.