2012, Spending Cuts | featured news

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2012 Topics

Budget deficit rises to $120 billion in October

The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape.

Obama budget includes spending cuts; White House says GOP reductions unwise

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

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