The White House deficit reduction plan would cap reimbursements for federal contractor executives and also would have federal civilian employees pay more towards their retirement plans. Currently, contractor executives are reimbursed for
MoreThe White House’s deficit reduction proposal calls for increases in Tricare pharmacy co-pays for military beneficiaries and includes charging an enrollment fee for older retirees using Tricare for Life benefits. However, any changes
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The Obama administrationâs plan to reduce the deficit includes ideas the White House claims will rescue the Postal Service, which is facing default. The Postal Service would be allowed to sell non-postal
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President Barack Obama vowed Monday he would veto any cuts to Medicare unless Congress approves tax increases on the wealthiest Americans. “I will not support any plan that puts all the burden
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Threatened cuts to defense approaching $1 trillion over the next 10 years could add 1 percent to the nation’s unemployment rate, a Defense Department official said Thursday. As part of the debt
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The congressional deficit reduction committee, known as the âsuper committee,â is holding its first public meeting Thursday. Committee co-chairs Sen. Patty Murray (D-Wash.) and Rep. Jeb Hensarling (R-Tex.) said the first meeting
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Congress returns to Washington this week after a month-long recess, with a full slate of issues on its agenda. C-SPAN reports lawmakers will focus on three issues that dominated their schedules before
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The Office of Management and Budget released its mid-year review Thursday, lowering this year’s projected deficit to $1.316 trillion, a 20 percent drop from the $1.645 trillion deficit projected in February. According
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The U.S. is facing a $1.3 trillion deficit for fiscal year 2011 and an unemployment rate above 8 percent through 2014, according to a projection from the Congressional Budget Office. The CBOâs
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President Obama and Congressional leaders agreed Sunday night to raise the federal debt limit, with one day left before the Treasury said it would start being unable to meet government obligations. Obama
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