U.S. President Barack Obama is summoning congressional leaders to the White House next week for talks on how to avert significant government spending cuts and tax increases in January. Newly re-elected to a second term, Mr. Obama told a White House gathering Friday that the country urgently needs to “build consensus” to resolve its financial […]
Obama Summons Congressional Leaders for Financial Talks
Obama Summons Congressional Leaders for Financial Talks
U.S. President Barack Obama is summoning congressional leaders to the White House next week for talks on how to avert significant government spending cuts and tax increases in January. Newly re-elected to a second term, Mr. Obama told a White House gathering Friday that the country urgently needs to “build consensus” to resolve its financial […]
Obama Summons Congressional Leaders for Financial Talks
U.S. President Barack Obama is summoning congressional leaders to the White House next week for talks on how to avert significant government spending cuts and tax increases in January. Newly re-elected to a second term, Mr. Obama told a White House gathering Friday that the country urgently needs to “build consensus” to resolve its financial […]
Obama Summons Congressional Leaders for Financial Talks
U.S. President Barack Obama is summoning congressional leaders to the White House next week for talks on how to avert significant government spending cuts and tax increases in January. Newly re-elected to a second term, Mr. Obama told a White House gathering Friday that the country urgently needs to “build consensus” to resolve its financial […]
Obama to Address Economic Issues
U.S. President Barack Obama will unveil plans Friday to move the economy forward, in negotiations with Congress that are designed to avoid automatic spending cuts and tax hikes in January. In his first policy speech since being re-elected, Mr. Obama is expected to urge Congress to agree on a plan that resolves the political stalemate […]
Obama to Address Economic Issues
U.S. President Barack Obama will unveil plans Friday to move the economy forward, in negotiations with Congress that are designed to avoid automatic spending cuts and tax hikes in January. In his first policy speech since being re-elected, Mr. Obama is expected to urge Congress to agree on a plan that resolves the political stalemate […]
Obama to Address Economic Issues
U.S. President Barack Obama will unveil plans Friday to move the economy forward, in negotiations with Congress that are designed to avoid automatic spending cuts and tax hikes in January. In his first policy speech since being re-elected, Mr. Obama is expected to urge Congress to agree on a plan that resolves the political stalemate […]
Sudan Slashes Spending Amid Money Woes
Sudan’s President Omar al-Bashir has announced radical spending cuts, amid signs of severe financial stress for his government. Speaking to lawmakers Monday, Mr. Bashir said his cabinet and all levels of government will have to accept budget cuts of 45 to 50 percent. “That includes the legislative assembly, federal ministries, ministers, experts, and contractors (who) […]
US Senate Rejects 5 Different Budget Plans
As expected, the U.S. Senate Wednesday rejected five separate budget plans for 2013, including one that mirrors a budget blueprint offered by President Barack Obama. The lawmakers unanimously turned down the plan submitted by Republicans and based on the president’s budget, 99-to-zero. Mr. Obama’s Democratic Party called the vote a political stunt, saying it was […]
US Senators to Debate Budget Plans
U.S. Senators are set to discuss and vote Wednesday on five different budget plans in an attempt to break a deadlock over how to cut spending and reduce the federal debt. All five plans scheduled for debate are offered by Republicans, even one that closely mirrors a budget blueprint offered by the White House earlier […]