Federal Spending, Spending Cuts | 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 House passed the second stopgap spending measure this month, funding the government for three more weeks while cutting $6 billion.

In a bipartisan vote of 335 to 91, Congress passed a measure that cuts $4 billion in federal spending, but it is good only until March 18.

The federal government hosts 47 job-training programs, 44 of which overlap. It runs 80 programs for the "transportation disadvantaged." Another 82 programs spread across 10 separate agencies endeavor to improve teacher quality -- something hundreds of ...

President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.

The proposed reductions fall short of the $100 billion in cuts Republicans campaigned for last fall but represent substantial hits to various programs including law enforcement, NASA, the EPA and arts funds.

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 ...