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Republican effort to push through deep spending cuts fails

WASHINGTON (Reuters) - The House of Representatives halted consideration of a $44 billion transportation and housing spending bill due to lack of support, signaling that the majority Republicans are unable to push through deep spending cuts to domestic agencies, lawmakers said on Wednesday. Full story

Brazil's Rousseff rules out more spending cuts: newspaper

SAO PAULO (Reuters) - Brazilian President Dilma Rousseff ruled out additional spending cuts or a reduction in the number of government ministries from 39, saying the benefits of such measures to spur economic growth would be minimal, Folha de São Paulo newspaper reported on Sunday. Full story

U.S. would get short-term job spike if spending cuts reversed: CBO

WASHINGTON (Reuters) - The economy would enjoy a short-term boost with up to 1.6 million jobs being added if Congress were to cancel more than $100 billion in upcoming automatic spending cuts required of the federal government, the Congressional Budget Office estimated on Thursday. Full story

Goodbye to 'Obamanomics?'

   Discussing Washington's spending cuts, and whether we can say goodbye to "Obamanomics," with Art Laffer, Laffer Investments, and Austan Goolsbee, Chicago Booth School of Business professor.

Group discussing spending cuts at Savannah River Site

Officials from the U.S. Department of Energy are in South Carolina this week to discuss spending cuts at the Savannah River Site. Full story

Vanguard's Bogle: Yesterday Sound & Fury Signifying Nothi...

   Jack Bogle, The Vanguard Group senior chairman & founder, explains why he believes there has to be "spending cuts" and an "increase in taxes" to balance the budget.

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Articles

NBC Politics: Tweaking sequester feeds demand for more adjustments to spending cuts

Portugal approves spending cuts to meet bailout target

S&P forecasts regional growth despite federal cuts

As Washington frets, markets take US spending cuts in stride

Yes, tax increases can be part of ‘real austerity’

A day at the zoo: How threat of sequestration hits home

NFIB business sentiment perks up a bit in January

White House, defense firms discuss automatic spending cuts

White House, defense contractors discuss harm of automatic spending cuts

Revenue must be part of any budget deal: Harry Reid

Video

  Broken Budget Promises?

According to a CBO report, tax hikes outweigh spending cuts by 6-1. Henry Blodget, Business Insider, and Jim Pethokoukis, American Enterprise Institute, discuss.

  Brace For More Tax Hikes?

CNBC's John Harwood provides a preview of President Obama's budget, due out next week, which could include tax hikes as well as spending cuts.

  Budget battle still raging in Washington

In Washington, widespread automatic spending cuts hit home Saturday, when White House tours were cancelled until further notice. NBC’s Kristen Welker has the latest on the budget battle.

  Making Sense of Sequestration

Steven Rattner, former US Treasury Auto Advisor, discusses how automatic spending cuts will impact the economy.

  Sequester Cuts and the Muni Market

How will changes in the tax law and automatic spending cuts impact the municipal bond markets? Peter Hayes, Blackrock, discusses the impact of sequestration on bondholders.

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Related Photos

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US-POLITICS-CONGRESS-SEQUESTRATION

The US Capitol in Washington, DC, is seen February 28, 2013. Two competing bills aimed at averting huge spending cuts failed February 28, 2013 in the US Senate, virtually assuring that the USD 85 billion in indiscriminate, across-the-board cuts known as the sequester will kick in after the March 1,

U.S. President Obama calls on Congress to pass a small package of spending cuts and tax reforms during an announcement in the White House briefing room in Washington
U.S. President Obama calls on Congress to pass a small package of spending cuts and tax reforms during an announcement in the White House briefing room in Washington

President Barack Obama calls on Congress to pass a small package of spending cuts and tax reforms that would delay the larger, automatic "sequester" cuts from going into effect during an announcement in the White House briefing room, Feb. 5, 2013.