California Governor ArnoldSchwarzenegger wants President Barack Obama to help ease large-scale cuts to the most populous U.S. states already diminishedsocial programs amid a $21 billion anticipated deficit.
California has been among the states most affected by theeconomic recession. It has the lowest credit rating and recordedthe nations second-highest rate of home foreclosures, trailingonly Nevada.
President Barack Obama on Monday touted a plan to cut back on wasteful spending on federal government contractors, a plan he said is on track to save 40 billion dollars per year by 2011.
Shortly after taking office in January, Obama set a goal for federal agencies to save up to 40 billion dollars per year [...]
An Obama administration program to cut 40 billion in annual contracting costs is on track after government agencies identified more than 19 billion in savings in the current fiscal year, the White House said on Monday.
They were also charged with limiting reliance on contractors and reducing the use of high-risk contracts, such as those awarded [...]
Congressional budget scorekeepers say the latest Democratic health care bill would cover 94 percent of eligible Americans while reducing the federal deficit.
The nearly $900 billion bill would be paid for by $483 billion in cuts to Medicare and other federal health programs, as well as tax increases.
The Senate comes in shortly after a snowy dawn to vote on legislation ensuring that the troops are armed and the jobless don’t lose their benefits - and to take one more step toward a Christmas week showdown over health care.
The defense bill itself, which contains $128 billion for military operations in Iraq and Afghanistan [...]
The Obama administration is setting aside $30 billion from the financial bailout fund for a program designed to encourage lending to small businesses to aid the economic recovery.
Of that amount, $30 billion would support lending to small companies, according to a Treasury official who spoke Friday on condition of anonymity because no final decisions on [...]
Highlights of the Senate’s year-end wrap-up legislation:
_3.4 percent pay increase for service members.
_$626 billion for the Pentagon for the budget year that began Oct. 1, including $128 billion for military operations in Iraq and Afghanistan.
_Rejects Obama’s request for $100 million to close the Guantanamo Bay prison.
A Senate subcommittee says Pentagon auditors have challenged nearly $1 billion in charges by military contractors in Afghanistan.
The contracting oversight subcommittee is holding a hearing Thursday to examine whether there’s enough monitoring of contractors’ work in Afghanistan.
That’s raising concerns on Capitol Hill about wasteful spending as the Obama administration expands the U.
Secretary of State Hillary Rodham Clinton said the United States would help to raise $100 billion annually through 2020 for a fund to help poor countries adapt to climate change — but only if all countries submit to outside verification of their carbon emissions.
Until now, the United States had committed only $1.
The Obama administration is to award 2 billion in grants and loans over the next 75 days as part of a plan to dramatically expand Americans broadband Internet access and create tens of thousands of jobs.
The 2 billion is part of an overall 7.2 billion set aside in President Barack Obamas 787 billion economic recovery [...]
