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Search Tags: deficit
A budget proposal from Senate Democrats cuts security spending by nearly $900 billion over 10 years, and reduces funding to domestic programs by $350 billion. The proposal by Senate Budget Committee Chairman Kent Conrad (D-N.D.)also contains $10 trillion in deficit reduction savings.
Former deputy defense secretary Rudy Deleon gives his take on the President's call for Defense to slash spending.
President Obama's deficit reduction plan speech on Wednesday did not address how these cuts would affect federal pay and benefits, but one administration official told Federal News Radio that changes to federal retirement benefits were still possible.
NARFE's Dan Adcock explains what may be in store for feds in the President's deficit reduction plan.
President Obama said Wednesday that a plan to cut $4 trillion in the deficit over 12 years will include spending cuts at the Defense Department.
Mark Plotkin, WTOP Political Analyst
Republican leaders in the House are calling for even deeper budgets cuts by putting forward a plan that cuts about $60 billion to hundreds of federal programs for the seven months remaining in the current fiscal year.
Congress must pass another funding measure to keep the government operating past March 4. House Republicans are calling for big cuts to current spending levels. This as President Obama gets set to release his 2012 budget request February 14.
With President Obama recently signing new government reform legislation, lawmakers said accurate data about agencies and their programs will be the key to effective change. Sen. Mark Warner said budget pressures will make improving program performance more pressing than ever before. Warner wants to increase collaboration between long term federal employees and leadership in Congress and the White House.
Reuters reports that the incoming House Speaker says his party is aiming to offer weekly bills to cut the deficit.