Spending Cuts | featured news

States face huge deficits and Republicans who have taken over state capitals are promising to respond to crippling budget deficits with an array of cuts.

Britain outlined the sharpest cuts to public spending since World War II on Wednesday.

The party's manifesto calls for tax and spending cuts, a repeal of Obama's healthcare law and strict adherence to the Constitution.Drawing on ideas favored by conservatives and given new voice by "tea party" activists, Republicans will unveil Thursday a governing manifesto that calls for dramatic cuts in government spending, repeal of the new healthcare law and a strict constitutional test for every proposed law, according to a draft of the plan.

The GOP gubernatorial candidate promises to cut spending and suggests that lower taxes and less regulation will spur business. But experts say the bleak economy is mostly due to the real estate crisis.

GOP plan to extend array of tax breaks would raise deficits unless dramatic spending cuts are made.

Leaders' dilemma is how to cut spending without undermining the economies they seek to sustain.

The White House and Congressional leaders are weighing options for reducing the federal deficit, including a bipartisan commission that could force tax increases and spending cuts.

Today, former eBay CEO Meg Whitman will formally announce her bid for the GOP nomination for the 2010 California gubernatorial race. Whitman wants to cut state spending by another $15 billion and create 2 million private-sector jobs by 2015, according to a speech prepared for today’s announcement in Fullerton, Calif.

Responding to a challenge from President Obama, Republican leaders in the House of Representatives are offering up a roster of more than $23 billion in spending cuts over the next five years.

President Obama will propose $17 billion in spending cuts today, less than half of 1% of his budget, including cuts in weapons ...