Federal Spending, Federal Budget | featured news

US President Barack Obama will ask government agencies on Wednesday to find cost savings by cutting back in areas ranging from travel and vehicles to purchases of promotional coffee mugs and gadgets.

It's an outrageous tale: The federal government spends one out of every $10 in transportation aid on wasteful projects such as refurbishing a giant roadside coffee pot and constructing turtle tunnels.

The Republican-controlled House of Representatives was expected to vote on Friday to choke off funds to carry out President Barack Obama's healthcare reform law, intensifying a fight with Democrats over budget cuts and burgeoning deficits.

Republicans now running the House are barely touching Congress' generous own budget even as they take a cleaver to many domestic agencies....

President Obama wants more control over the country's budget, and plans to ask Congress for it this week.

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

President Barack Obama said on Saturday he would soon announce the elimination of dozens of wasteful or ineffective government programs as part of a broad effort to restore fiscal accountability to the federal budget.