WASHINGTON (AP) -- As economic policy goes, experts say, the automatic spending cuts that kick in Friday are - to use a technical term - bone-headed....

Topics:  washington ap     as   cuts   
BING NEWS:
  • More spending and weaker revenue hits budget bottom line in some years: Chalmers
    Wednesday’s mid-year budget update will downgrade company tax receipts by $8.5 billion over the four years to 2027-28, and show “slippage’ in the bottom line in some years of the forward estimates.
    12/14/2024 - 10:33 pm | View Link
  • Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
    The U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday. For ...
    12/11/2024 - 6:08 am | View Link
  • Is America’s $1 trillion defense budget defensible amid economic struggles?
    The senator emphasized that unchecked defense spending comes at a direct cost to Americans struggling with economic insecurity. More than half a million people in the U.S. are homeless, and millions ...
    12/11/2024 - 2:52 am | View Link
  • Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
    A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.
    12/4/2024 - 7:28 am | View Link
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