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Bookmark or Share- Austerity Measure Definition from Financial Times LexiconAusterity measures refer to official actions taken by the government, during a period of adverse economic conditions, to reduce its budget deficit using a combination of spending cuts or tax rises.
- CBO: Debt Will Rise to ‘Unsustainable’ Levels if Congress ...Extending recently approved spending increases and tax cuts would create an “unsustainable” fiscal outlook, the Congressional Budget Office said in a report published Wednesday.
- RINOs Collins and Burr join Democrats to defeat Trump’s ...Senators voted Wednesday to block President Trump’s $15.4 billion spending cuts package, with lawmakers saying it trimmed the budget too much.
- House GOP 2019 budget calls for deep Medicare, Medicaid ...House Republicans offered a budget proposal on Tuesday that would cut mandatory spending by $5.4 trillion over a decade, including $537 billion in cuts to Medicare and $1.5 trillion in cuts to ...
- White House to request $11 billion in spending cuts | TheHillThe White House plans to ask Congress for $11 billion in discretionary spending cuts, a GOP aide told The Hill, a significant decrease from earlier ambitions to cut as much as $60 billion.
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