In other news Thursday, the governing socialists in Greece passed a new budget that reduces health and defense spending while raising consumer taxes. The steep taxes and deep cuts have sparked widespread protests in Athens and elsewhere.
Ireland's finance minister announced severe budget cuts Tuesday as its economy reels from a real estate boom and bust that have left the country with massive debt. Emma Alberici reports from Dublin for the Australian Broadcasting Corporation.
President Obama's call to freeze federal workers' pay for two years marks the biggest moment yet in an escalating debate over whether government employees are overpaid and often protected from the worst of economic conditions -- or whether…
As part of a series of conversations about the country's deficit problems, Judy Woodruff speaks with Democratic Rep. Jan Schakowsky of Illinois about the details of her plan to cut the deficit.
Following on the heels of the bipartisan deficit commission chairmen's recommendation of drastic cuts, former Republican Sen. Pete Domenici and former White House Budget Director Alice Rivlin presented a new take on how to reduce the deficit and warned of…
By Paul Solman
The Sunday Times recently featured an exercise that it might make sense for all Americans to try, and certainly members of Congress pressing to balance the budget- Budget Puzzle: You Fix the Budget. And, if you prefer to get…
By Elizabeth Shell
The Sunday Times featured an exercise that it might make sense for all Americans to try, and certainly members of Congress pressing to balance the budget- Budget Puzzle: You Fix the Budget. And if you prefer to get out…
Gary Gibbon of Independent Television News reports on Britain's decision to dramatically cut the budget to tackle the country's mounting deficit.
In light of the UK's new austerity measures, Jeffrey Brown gets two perspectives about Britain's financial future with Ned Temko of The Observer and The Economist's Zanny Minton.
Britain is in the process of unveiling tough budget cuts to trim the country's deficit. Margaret Warner talks to British Deputy Prime Minister Nick Clegg about the economic crunch and his country's take on the Afghan war.
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