Barack Obama, Federal Spending | 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.

The Republican-controlled House of Representatives was expected to vote on Friday to choke off funds to carry out President Barack Obama's healthcare reform law, intensifying a fight with Democrats over budget cuts and burgeoning deficits.

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.

A White House official says President Barack Obama will call for a five-year freeze in non-security, discretionary spending during his State of the Union address.

President Obama wants more control over the country's budget, and plans to ask Congress for it this week.

President Obama's job-approval rating has slipped below 50% in the Gallup Poll for the first time in his presidency, pulled down by concerns about the economy, federal spending and health care legislation. In daily tracking from Tuesday through ...

President Obama on Tuesday proposed making "pay-as-you-go" rules for federal spending into law.

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 ...

President Barack Obama said on Saturday he would soon announce the elimination of dozens of wasteful or ineffective government programs as part of a broad effort to restore fiscal accountability to the federal budget.