Congress is warning U.S. military leaders they can expect further large-scale reductions in military spending in the coming years, as Washington deals with record levels of government debt. Senate Budget Committee Chairman Kent Conrad said Tuesday that the Pentagon will likely have to go beyond the currently proposed $487 billion in cuts in defense spending […]
Congressional Committee Warns Pentagon of Further Budget Cuts
Posted February 29th, 2012 at 3:10 am (UTC-5)
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Obama Proposes $3.8-Trillion Budget
Posted February 13th, 2012 at 1:30 pm (UTC-5)
U.S. President Barack Obama is proposing higher taxes on the wealthy and corporations, along with cuts in many government programs as he submits his 2013 federal budget to Congress. Mr. Obama spoke at a community college near Washington, highlighting his push to boost funding for the education needed to help students get technical skills needed […]
Obama Proposes $3.8 Trillion Budget
Posted February 13th, 2012 at 12:05 pm (UTC-5)
U.S. President Barack Obama is proposing higher taxes on the wealthy and corporations along with cuts in government spending as he submits his $3.8 trillion 2013 federal budget to Congress. Mr. Obama outlined his budget priorities Monday at a community college near Washington, highlighting his push to boost funding for the education needed to help […]
Obama Proposes $3 Trillion Budget
Posted February 13th, 2012 at 11:45 am (UTC-5)
U.S. President Barack Obama is proposing higher taxes on the wealthy and corporations along with cuts in government spending as he submits his $3 trillion 2013 federal budget to Congress. Mr. Obama outlined his budget priorities Monday at a community college near Washington, highlighting his push to boost funding for the education needed to help […]
Obama Prepares to Send Budget Proposal to Congress
Posted February 13th, 2012 at 9:50 am (UTC-5)
U.S. President Barack Obama is proposing what the White House calls a “balanced approach” of higher taxes and lower spending as he sends his 2013 federal budget plan to Congress. Mr. Obama is set to unveil the proposal Monday at a community college near Washington, highlighting his push to boost funding for education, infrastructure and […]
Obama Prepares to Send Budget Proposal to Congress
Posted February 13th, 2012 at 1:55 am (UTC-5)
U.S. President Barack Obama is proposing what the White House calls a “balanced approach” of higher taxes and lower spending as he sends his 2013 federal budget plan to Congress. Mr. Obama is set to unveil the proposal Monday at a community college near Washington, highlighting his push to boost funding for education, infrastructure and […]
Expert: Proposed U.S. Defense Cuts Less Severe Than They Seem
Posted January 27th, 2012 at 5:10 am (UTC-5)
The Obama administration says it will propose to Congress that U.S. ground forces be cut by 100,000 as part of nearly $500 billion in defense budget cuts during the next decade — but experts say the impact will be more muted than it might seem. U.S. Defense Secretary Leon Panetta told reporters at the Pentagon […]
US Defense Budget: 6 Key Priorities
Posted January 26th, 2012 at 5:10 pm (UTC-5)
Highlights of the U.S. Defense Department’s proposed budget for fiscal year 2013: -Billions of dollars in cuts: The Pentagon wants $525 billion for 2013, $6 billion less than this year’s request. For Afghanistan and other overseas operations, the department seeks another $88 billion, down from $115 billion this year. Overall, the plan aims to save […]
Panetta Outlines US Defense Budget Decisions
Posted January 26th, 2012 at 2:45 pm (UTC-5)
The U.S. Defense Department says the Obama administration will propose to Congress that U.S. ground forces be cut by 100,000 as part of nearly $500 billion in defense budget cuts during the next decade. U.S. Defense Secretary Leon Panetta told reporters at the Pentagon Thursday that the administration will request a 2013 defense budget of […]
US Defense Department Expected to Unveil Budget Cuts
Posted January 25th, 2012 at 12:35 pm (UTC-5)
The U.S. Department of Defense is expected to kick off this year’s annual budget debate this week by announcing its plans for spending cuts in 2013 and through the next decade. Defense Secretary Leon Panetta is expected to unveil the basic outlines of the budget request on Thursday. The White House is expected to send […]
