Jan 06 Watch Gates on Pentagon Cuts, Implementing DADT, China’s Military Build-up As federal deficits rise, Defense Secretary Robert Gates is looking to cut spending by close to $100 billion in the next five years, a sign that even the Pentagon's massive budget is subject to government-wide belt tightening. He discusses the… Continue watching
Jan 06 Watch Gates Aims for ‘Culture of Savings and Restraint’ at Pentagon Defense Secretary Robert Gates on Thursday outlined a plan to slow the rate of growth of military spending, in hopes of saving $78 billion over five years. Jim Lehrer has more on what would be cut and when. Continue watching
Dec 23 Watch News Wrap: Greece OKs Budget, Adds More Austerity Measures In other news Thursday, the governing socialists in Greece passed a new budget that reduces health and defense spending while raising consumer taxes. The steep taxes and deep cuts have sparked widespread protests in Athens and elsewhere. Continue watching
Nov 30 Tool$ Tuesday | The Bush Tax Cuts By Paul Solman Today's Tool$ Tuesday is another look at how the tax cuts might be implemented. This Bush Tax Cut tool comes by way of the Tax Policy Center, a much-appreciated think tank in today's hyper-polarized environment. Continue reading
Nov 30 Tool$ Tuesday | The Bush Tax Cuts By Elizabeth Shell Today's Tool$ Tuesday is another look at how the tax cuts might be implemented. This Bush Tax Cut tool comes by way of the Tax Policy Center, a much-appreciated think tank in today's hyper-polarized environment. Continue reading
Nov 11 Watch Deficit Plan Revives Debate on Spending Priorities Jeffrey Brown gets three perspectives on the bipartisan fiscal commission's recommendations to cut spending and change tax policy to combat the federal deficit. Continue watching
Nov 10 Watch News Wrap: Boehner Standing Firm on Extending Bush Tax Cuts In other news Wednesday, taxes were a central focus of a Republican meeting to discuss their transition to power in the House. The presumed next Speaker of the House John Boehner stood firm on extending tax cuts across the board,… Continue watching
Nov 10 Watch Next Steps Unclear for Commission’s Drastic Debt-Reduction Plan A bipartisan deficit commission appointed by President Obama issued a draft proposal of drastic spending cuts Wednesday, ranging from changes in Social Security to tax policy. Lori Montgomery of the Washington Post gives details on what the panel leaders are… Continue watching
Oct 20 Watch UK Rolls Out Austerity Cuts ‘Not Seen for Generations’ Gary Gibbon of Independent Television News reports on Britain's decision to dramatically cut the budget to tackle the country's mounting deficit. Continue watching
Oct 20 Watch UK Budget Cuts: Timing, Scale Debated, But Not Principle 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. Continue watching