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Budget Control Act of 2011

A collection of news and information related to Budget Control Act of 2011 published by this site and its partners.

Top Budget Control Act of 2011 Articles

Displaying items 121-132
  • And the budget winner is ... the defense sector.

    "Whenever a fellow tells me he is bipartisan," said Harry Truman, "I know he is going to vote against me." The hosannas to bipartisanship accompanying the budget deal passed this week should have served as fair warning to the rest of us that we lost...
  • How big an Army do we need?

    Almost every time this country finishes a major war, we cut the Army appropriately — and then we cut too much. After World War II, we demobilized massively, but then went too far. The result in 1950 was Task Force Smith, the first U.S. Army ground...
  • Departing Obama economic advisor remains optimistic about recovery

    Departing Obama economic advisor remains optimistic about recovery
    WASHINGTON -- Despite recent disappointing job growth, departing White House economic advisor Gene Sperling said Tuesday he remained hopeful the recovery is strengthening. “I still think there is reason for optimism, though there’s...
  • What's missing in budget deal? Federal jobless benefits extension

    What's missing in budget deal? Federal jobless benefits extension
    Congress averted another government shutdown by reaching an $85-billion budget deal late Tuesday night, but the new agreement, critics say, leaves out one vulnerable group of Americans: the long-term unemployed.   At the end of the year, federal...
  • Fitch takes U.S. credit rating off downgrade watch after debt deal

    WASHINGTON -- Fitch Ratings on Friday upgraded its outlook for the U.S. AAA credit rating, removing the nation from a downgrade watch after politicians put off another debt limit battle until next year. The company, one of three major credit rating...
  • House Republicans backing off to avoid debt standoff

    WASHINGTON — With another major fiscal deadline looming at month's end, House Republicans are preparing to seek only modest concessions from President Obama to raise the nation's debt ceiling and will instead try to press their political advantage...
  • Proposed Pentagon budget cuts would shrink Army, retire aircraft

    Proposed Pentagon budget cuts would shrink Army, retire aircraft
    WASHINGTON — The Army will shrink to its lowest troop levels since before World War II under a budget proposed Monday by the Obama administration that seeks to downsize the Pentagon from the wartime buildup of the last 13 years, and calls for...
  • Is Cruz out of control?

    What you think of Sen. Ted Cruz (R-Texas) depends on who you believe. Is the freshman senator on an "ego trip," putting himself before country (Dana Milbank, The Washington Post), or is he standing on his principles (Cruz's conservative supporters)? ABC...
  • President Obama ignores budget deal; GOP to follow?

    President Obama ignores budget deal; GOP to follow?
    Like many Democrats, President Obama greeted last December’s budget deal the way a hungry child greets a carrot stick: It wasn’t what he wanted, but it was acceptable under the circumstances. “This agreement doesn’t include...
  • A helping hand or cold shoulder for the middle class?

    A helping hand or cold shoulder for the middle class?
    How's the U.S. economy doing? If you're rich, the answer is "fabulously." Here are some data points from Diane Swonk, chief economist for Mesirow Financial in Chicago. "Spending at luxury retailers has come back," she told the Senate Finance Committee...
  • Pamunkey Indian Tribe in King William County earns preliminary federal recognition

    Pamunkey Indian Tribe in King William County earns preliminary federal recognition
    KING WILLIAM – A new chapter in the centuries-long history of the Pamunkey Indian Tribe has begun. Tribal officials learned Friday that the Pamunkey will soon join the 566 other tribal nations across the country that are recognized by the...
  • Senate closes in on compromises for budget, jobless insurance

    WASHINGTON -- As senators narrowed their differences on a proposal to break a stalemate over unemployment insurance, congressional leaders reached agreement late Monday on a $1-trillion spending package to avoid a government shutdown this week. The...