WASHINGTON (AP) -- The chairman of the House Budget Committee says Republicans will oppose tax increases and, as a result, deep, unpopular budget cuts will likely take effect....

BING NEWS:
  • Yawning deficit looms as Maryland leaders weigh future cuts, tax hikes
    Budget officials say that by 2030, there will be enough revenue to pay for just 84 percent of the state budget, forcing lawmakers to make hard spending choices.
    11/15/2024 - 9:00 pm | View Link
  • World Bank fears budget cuts from Trump White House after losing track of $24B: ‘Running around like headless chickens’
    The Washington, D.C.-based lender is worried the new administration’s austerity axemen, Elon Musk and Vivek Ramaswamy, could have them in their sights.
    11/15/2024 - 9:16 am | View Link
  • October Brings Deep Cuts at Several Campuses
    Portland State University sent layoff notices to nearly 100 faculty members, while St. Louis University axed 23 jobs and froze hiring for 130 vacant positions last month.
    11/3/2024 - 7:04 pm | View Link
  • Insana: Musk, Paulson seek sharp U.S. budget cuts. This ‘shock therapy' isn't likely to work
    History has shown us that draconian austerity measures can spur recessions and social upheaval, Ron Insana says.
    10/30/2024 - 12:49 am | View Link
  • Deep budget cuts coming to Oakland as the city faces $120 million budget deficit in next two years
    Oakland is spending more money than it is making. Despite the expected arrival of $95 million from the city’s Coliseum sale next May, budget director Bradley Johnson said this week that cuts to some ...
    10/27/2024 - 6:46 am | View Link
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