Tags: Debt Showdown | Budget Cuts

White House Orders Agencies to Cut Their Budgets

Friday, 19 Aug 2011 06:33 AM

 

WASHINGTON (AP) — The White House is telling federal agencies to propose cuts of 10 percent or more in their own budgets, but Republicans say additional savings will be needed to truly get the government's runaway debt problem under control.

White House budget chief Jacob Lew has ordered agency heads to submit budget plans for fiscal 2013 that are at least 5 percent below this year's levels. He also wants them to propose ways to trim a total of at least 10 percent of their spending that year.

Michael Steel, a spokesman for House Speaker John Boehner, says deeper savings from expensive benefit programs will be needed to handle swelling red ink. Democrats have resisted paring benefits for recipients of Social Security, Medicare and other benefit programs.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Nevada's AG Joins Suit Against Obama's Deportation Relief for Illegals

Wednesday, 28 Jan 2015 23:21 PM

Nevada's newly minted Republican attorney general has joined a multistate lawsuit seeking to block President Barack Obam . . .

Research Institute: NKorea May Be Trying to Restart Nuke Program

Wednesday, 28 Jan 2015 23:16 PM

North Korea may be attempting to restart its main nuclear bomb fuel reactor after a five-month shutdown, a U.S. research . . .

Karl Rove: GOP Should Fight Hillary on Foreign Policy, Jobs, Govt Debt

Wednesday, 28 Jan 2015 22:04 PM

With former Secretary of State Hillary Clinton the likely presidential nominee of Democrats in 2016, GOP strategist Karl . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved