Federal Budget, Spending Cuts | featured news

A Republican plan for the 2012 budget would cut more than $4 trillion over the next decade, more than even the president s debt commission proposed, with spending caps as well as changes in the Medicare and Medicaid health programs, its principal author said Sunday.

It sounds like a pretty good starting point for negotiations: The White House and Capitol Hill Democrats say they're ready to meet the GOP halfway in the latest round of budget talks, offering $50 billion in cuts compared with Republicans' proposed $100 billion worth of reductions....

The Obama administration's proposed 2012 budget will include $1.1 trillion in spending cuts over 10 years.

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