Budget Cuts

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 ...

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 ...

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 ...

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 ...

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. ...

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. ...

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 ...

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. ...

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 ...