Budget Cuts

  • Sequester Cuts Devastating Families With Two Government Jobs

    Sequester Cuts Devastating Families With Two Government Jobs

    By Elizabeth Dilts NEW YORK -- The U.S. government's effort at cutting spending across the board is hurting a population once considered among the most financially stable -- dual income families where both partners are government employees. Starting on Monday, employees at agencies such as the Federal Aviation... Continue Reading

  • Sequestration Cuts Are Here: 2,500 Nuclear Site Workers To Be Furloughed

    Sequestration Cuts Are Here: 2,500 Nuclear Site Workers To Be Furloughed

    YAKIMA, Wash. -- Pink slips went out Monday to nearly 250 workers and more than 2,500 others were notified that they face furloughs of several weeks at the nation's most contaminated nuclear site, where cleanup is likely to be slowed because of automatic federal budget cuts. About 9,000 people work at... Continue Reading

  • 5 States That Will Lose The Most Jobs If Budget Cuts Go Through

    5 States That Will Lose The Most Jobs If Budget Cuts Go Through

    By Walter Hickey On March 1, sequestration will go into effect. While the across-the-board budget cuts will target each and every non-exempt program equally, some states in particular will suffer the brunt of the pain because of an economic reliance on defense infrastructure. Because military personnel are... Continue Reading

  • Unemployed Would Lose Benefits If Federal Budget Cuts Go Through

    Unemployed Would Lose Benefits If Federal Budget Cuts Go Through

    By Tami Luhby The long-term unemployed can kiss goodbye almost 10 percent of their weekly jobless benefits if federal budget cuts go into effect on March 1. Many safety net programs, such as food stamps and Medicaid, are protected from the $85 billion in forced spending cuts, but extended federal unemployment... Continue Reading

  • Federal Budget Cuts Could Result in 2 Million Jobs Lost

    Federal Budget Cuts Could Result in 2 Million Jobs Lost

    By Donna Cassata WASHINGTON -- Automatic cuts in federal spending will cost the economy more than 2 million jobs, from defense contracting to border security to education, if Congress fails to resolve the looming budget crisis, according to an analysis released Tuesday. Continue Reading

  • Congress Targets Federal Workers For Savings

    Congress Targets Federal Workers For Savings

    By Jim Abrams WASHINGTON (AP) -- Federal workers were $15 billion losers as Congress looked for ways to pay for parts of the just-passed legislation to extend the payroll tax cut and federal unemployment benefits through the end of the year. Continue Reading

  • Obama To Press Congress To Revisit $1.2 Trillion In Cuts

    Obama To Press Congress To Revisit $1.2 Trillion In Cuts

    By Andrew Taylor WASHINGTON -- In its budget submission next month, the Obama administration will urge lawmakers to revisit the failed attempt by a congressional supercommittee to cut the deficit by at least $1.2 trillion, the White House says. The proposal runs counter to the common wisdom in Washington... Continue Reading

  • School Superintendent Gives Up $800,000 In Pay

    School Superintendent Gives Up $800,000 In Pay

    By Tracie Cone FRESNO, Calif. -- Some people give back to their community. Then there's Fresno County School Superintendent Larry Powell, who's really giving back. As in $800,000 -- what would have been his compensation for the next three years. Continue Reading

  • Government Budget Cuts: No TP and Other Creative Ways to Cut Back

    Government Budget Cuts: No TP and Other Creative Ways to Cut Back

    The end of July marked a dismal time for many city governments that are struggling to find ways to compensate for large budget deficits. Because of the economy that is laboring to recover and, "because other folks made bad decisions and we have to correct all of those things," many cities are trying to think of... Continue Reading

  • Mayor Bloomburg Gets Real About Jobs

    Mayor Bloomberg got real with New Yorkers who are suffering from the high unemployment rates. His answer to the budget cuts and job cuts that have hit his city is called Job Hunt, a reality television show that answers the key question: "You lost your job, now what?" which is also the title of the premiere... Continue Reading