Budget

11:02am

Tue February 19, 2013
The Two-Way

Bowles, Simpson Release New Plan That Cuts Deficit By $2.4 Trillion

Originally published on Tue February 19, 2013 5:00 pm

Co-chairmen of the National Commission on Fiscal Responsibility and Reform, former Sen. Alan Simpson, right, and Erskine Bowles.
Mark Wilson Getty Images

Just as Congress faces another self-imposed fiscal deadline, Erskine Bowles and Alan Simpson, the Democrat and Republican who were charged by the president in 2010 to present a fiscal reform plan, presented a second solution today that seeks to cut the deficit by $2.4 trillion in the next ten years.

Read more

10:33am

Tue February 19, 2013
Politics

Obama Again Calls For Balanced Plan For Cuts

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

Earlier this hour, President Obama spoke in the White House about the impacts of deep spending cuts that are scheduled to take effect a week from Friday. A group of first responders in uniforms stood behind him. The president said if Congress does not stop these cuts, these men and women in uniform will not be available to help communities respond to, and recover from disasters.

Read more

9:09am

Tue February 19, 2013
The Two-Way

Obama Pushes Congress To Avoid Automatic Cuts; GOP Says It's Not The Problem

Originally published on Tue February 19, 2013 9:54 am

As he pressed Congress for action Tuesday, President Obama stood before a group of first responders. He made the case that their departments will be hurt if automatic budget cuts go into effect March 1.
Win McNamee Getty Images

Standing in front of first responders who he says could lose their jobs, President Obama pushed Tuesday for Congress to act now to avoid $85 billion in "automatic, severe budget cuts" set to kick in starting on March 1.

The cuts due because of the so-called sequestration "are not smart, they are not fair [and] they will hurt our economy," the president said.

Read more

9:27am

Sun February 17, 2013
It's All Politics

White House Warns Of Sequestration's Effects

Originally published on Sun February 17, 2013 12:08 pm

White House Chief of Staff Denis McDonough at the White House on Jan. 25.
Carolyn Kaster AP

The White House and congressional Democrats are sounding the alarm bells over the consequences of the sequester, the across-the-board cuts to the budget that are scheduled to go into effect in March.

White House Chief of Staff Denis McDonough said the cuts would offset "pretty good" economic activity over the past few months. He said President Obama had a plan to cut an addition $1.5 trillion from the deficit.

Read more

3:21am

Sun February 17, 2013
Around the Nation

'Time And Casualties': Gen. Dempsey On Cost Of Sequester

Originally published on Sun February 17, 2013 10:28 am

Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, testifies before a Senate panel in Washington last Tuesday on the looming cuts to the defense budget.
J. Scott Applewhite AP

It's been about a year and a half since Gen. Martin Dempsey left his job as chief of staff of the Army and became President Obama's top military adviser as the chairman of the Joint Chiefs of Staff.

Dempsey is now responsible for reshaping the U.S. military after 10 years of war, which means scaling the forces down. At the same time, he's fighting to stave off across-the-board cuts to the defense budget — the so called sequester — that could happen in a couple weeks if Congress fails to reach some kind of budget deal.

Read more

Pages