Budget Cuts | featured news

Ten days before a new deadline for broad, automatic government spending cuts, the sense of urgency that surrounded other recent fiscal crises is absent. Government agencies are preparing to absorb an $85 billion hit to their budgets, and politicians, at least for now, seem willing to accept the consequences...

President Obama, back from his three-day golf getaway, on Monday made use of his bully pulpit, while Congress remains out all week, to turn up the pressure for a bipartisan agreement to avoid indiscriminate across-the-board budget cuts that will otherwise hit March 1.

President Barack Obama deployed Big Bird in a new campaign ad Tuesday mocking Mitt Romney's vow to end federal funding for public broadcasting. Romney's campaign dismissed it as an example of Obama being small-minded while the foundation behind Big Bird's program, "Sesame Street," asked that the ad be taken down.

Germany and the European Commission on Tuesday called on EU nations to stick to their promised budget cuts despite mounting voter discontent, but promised some new efforts to boost growth to alleviate economic hardship.

Over the past month, one by one, people suspected in domestic battery cases in northeast Kansas have been set free with no charges against them. Prosecutors say they're overwhelmed with felonies and, faced with budget cuts, can't afford to pursue the cases....

The House speaker takes a hard line on increasing the nation's borrowing limit. A top Democrat says he's 'playing with fire.' House Speaker John A. Boehner said Monday that Republicans wanted trillions in budget cuts in exchange for their vote to increase the nation's borrowing limit and avoid default, adopting a hard line on the party's position in a speech before major players on Wall Street.

Romania's government survived a no-confidence motion in Parliament on Thursday in a session overshadowed by a man who flung himself from the chamber's balcony, apparently in protest over government budget cuts that had affected his family....

With school budgets across the nation stretched thin, district officials are looking to advertising dollars to make up for lost funds.

Thanks to a long Labor Day weekend, most students heading back to school today will enjoy a four-day school week. But for some students around the country, every week this school year will be only four days. Facing massive budget cuts and teacher layoffs, some school districts have opted to cut operational costs by closing schools one day per week.

A growing number of school districts facing budget cuts are looking to advertising on their websites as a new revenue source.