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Search Tags: deficit reduction
President Barack Obama plans to announce a new fee on the country's biggest financial firms to recover up to $120 billion in taxpayers' money used to prop up corporations during the economic crisis.
Rep. Gerald E. "Gerry" Connolly wants half of the unspent or repaid bank bailout money to be used for deficit reduction.
Air Force Secretary Michael Donley said Monday there are certain capabilities the service must keep whole as it navigates the current budget situation. He did not offer clues as to what the service would be willing to give up.
It's August 3 and the debt ceiling still hasn't been raised. Now what? Steve Bell, senior director of the Economic Policy Project at the Bipartisan Policy Center offers insight.
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.
Host Debra Roth is joined by Federal News Radio's Mike Causey, NARFE Legislative Director Dan Adcock, and World at Work's Lenny Sanicola to talk about pending legislation in Congress that would change retirement benefits for federal workers.
May 20, 2011
Tags: pay and benefits , federal pay , federal retirement , TSP , congress , Tim Geithner , debt ceiling , deficit reduction commission , fiscal commission , Civil Service retirement and disability trust fund , FERS , CSRS , Debra Roth , Shaw, Bransford and Roth , Mike Causey , Your Turn , Dan Adcock , NARFE , Lenny Sanicola , World at Work , Fed Talk
President Obama said the Defense Department must continue to cut wasteful spending from its budget for the country to reach fiscal health. At the same time, the country must continue to invest in energy, science and technology, he said.
The Center for Defense Information's Winslow Wheeler compares how the deficit reduction plans handle defense spending and financial management reform.