House Speaker John Boehner says that when Congress raises the nation's borrowing cap he will again insist on spending cuts and budget reforms to offset the increase.
Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules on financial institutions, as regulators continue to implement the 2010 law aimed at policing Wall Street.
The GOP-controlled House Thursday passed legislation to replace a looming 10 percent cut to the military budget with cuts to domestic programs like food stamps and health care.
Republicans controlling the House are pressing cuts to food stamps, health care and pensions for federal workers as an alternative to an automatic 10 percent cut to the military come January.
The Republicans who control the House are using cuts to food aid, health care and social services like Meals on Wheels to protect the Pentagon from a crippling wave of budget cuts come January.
Republicans controlling the House are opting for the politically safe route as they follow up their tightfisted, tea party-driven budget with less controversial steps to cut spending.
Republicans controlling the House are targeting food stamps, federal employee pensions, tax breaks for illegal immigrants and subsidies under President Barack Obama's health care law in a multifaceted drive to swap cuts to domestic programs for big Pentagon cuts scheduled next year.
The House took up a stringent GOP budget plan Wednesday that blends big cuts to safety-net programs for the poor with a plan to dramatically overhaul Medicare, kicking off a politically-charged, election-year debate over trillion-dollar deficits and what to do about them.
DebugScreen: mobile
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{
"uri": "/2012/05/17/senate-dems-reject-house-gop-budget/",
"title": "Senate Dems reject House GOP budget",
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"prettyDate": "May 17, 2012",
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"summary": "Democrats controlling the Senate rejected for the second year in a row Wednesday a budget plan passed by House Republicans.",
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{
"uri": "/2012/05/15/boehner-urges-spending-cuts-to-offset-debt/",
"title": "Boehner urges spending cuts to offset debt",
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"summary": "House Speaker John Boehner says that when Congress raises the nation's borrowing cap he will again insist on spending cuts and budget reforms to offset the increase.",
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{
"uri": "/2012/05/15/geithner-urges-tougher-rules-behind-jpmorgan-loss/",
"title": "Geithner urges tougher rules behind JPMorgan loss",
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"summary": "Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan \"helps make the case\" for tougher rules on financial institutions, as regulators continue to implement the 2010 law aimed at policing Wall Street.",
"body": null
},
{
"uri": "/2012/05/10/house-oks-social-programs-cuts-to-aid-pentagon/",
"title": "House OKs social programs cuts to aid Pentagon",
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"summary": "The GOP-controlled House Thursday passed legislation to replace a looming 10 percent cut to the military budget with cuts to domestic programs like food stamps and health care.",
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},
{
"uri": "/2012/05/10/gop-plan-cuts-social-programs-to-protect-pentagon/",
"title": "GOP plan cuts social programs to protect Pentagon",
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"prettyDate": "May 10, 2012",
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"summary": "Republicans controlling the House are pressing cuts to food stamps, health care and pensions for federal workers as an alternative to an automatic 10 percent cut to the military come January.",
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},
{
"uri": "/2012/05/07/gop-plan-boosts-pentagon-cuts-social-programs/",
"title": "GOP plan boosts Pentagon, cuts social programs",
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"prettyDate": "May 07, 2012",
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"summary": "The Republicans who control the House are using cuts to food aid, health care and social services like Meals on Wheels to protect the Pentagon from a crippling wave of budget cuts come January.",
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{
"uri": "/2012/04/25/house-gop-pulls-its-budget-punches/",
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"prettyDate": "April 25, 2012",
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"summary": "Lawmakers are sticking mostly with proposals like cutting Obama's health care overhaul and federal employee pensions.",
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},
{
"uri": "/2012/04/24/house-gop-pulls-its-budget-punches-2/",
"title": "House GOP pulls its budget punches",
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"prettyDate": "April 24, 2012",
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"summary": "Republicans controlling the House are opting for the politically safe route as they follow up their tightfisted, tea party-driven budget with less controversial steps to cut spending.",
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{
"uri": "/2012/04/18/food-stamps-federal-pensions-face-gop-cuts/",
"title": "Food stamps, federal pensions face GOP cuts",
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"prettyDate": "April 18, 2012",
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"summary": "Republicans controlling the House are targeting food stamps, federal employee pensions, tax breaks for illegal immigrants and subsidies under President Barack Obama's health care law in a multifaceted drive to swap cuts to domestic programs for big Pentagon cuts scheduled next year.",
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},
{
"uri": "/2012/03/28/house-kicks-off-budget-debate/",
"title": "House kicks off budget debate",
"byline": "Andrew Taylor",
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"prettyDate": "March 28, 2012",
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"authors": [
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"summary": "The House took up a stringent GOP budget plan Wednesday that blends big cuts to safety-net programs for the poor with a plan to dramatically overhaul Medicare, kicking off a politically-charged, election-year debate over trillion-dollar deficits and what to do about them.",
"body": null
}
]
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