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... Read More »

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... Read More »

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... Read More »

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... Read More »

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. Read More »

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. Read More »

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... Read More »

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. Read More »

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... Read More »

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... Read More »

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