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US spending cuts

US 2013 deficit falls to $680 bn, half of 2009 peak

The US budget deficit plunged 37.5 percent in fiscal 2013 to less than half its level four years ago on sharp spending cuts and surging revenues, the Treasury said Wednesday.

Oct 31, 2013, 09:38 AM IST

Obama signs order to begin $85 billion in spending cuts

The sequester is "dumb" but is "not going to be an apocalypse," Obama said after his nearly hour long meeting with the Congressional leaders.

Mar 02, 2013, 09:11 AM IST

Spending cuts to hit US economy, weaken global economy: Obama

US President Barack Obama has cautioned that the looming automatic spending cuts or sequestration beginning March 1 will badly hit the country's economy and weaken the global economy.

Feb 28, 2013, 11:31 AM IST

Obama urges smart government spending cuts

The uncertainty caused by the government spending cuts is already having an effect on US economy, Obama said in his remarks Monday to the National Governors Association at the White House, reported Xinhua.

Feb 26, 2013, 13:32 PM IST

Obama calls for balanced mix of spending cuts and tax reforms

The US President Barack Obama on Saturday asked the Congress to act to avoid a series of harmful and automatic spending cuts, called sequester, by finding a balanced mix of cuts and tax reforms.

Feb 09, 2013, 16:59 PM IST

77% Americans want Congress to raise debt ceiling

A majority of Americans overwhelmingly want Congress to raise the debt ceiling, as lawmakers continue to negotiate over the debt ceiling and spending cuts, a new poll has found.

Jan 19, 2013, 14:25 PM IST

Deep spending cuts could derail recovery: Bernanke

US Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.

Jul 14, 2011, 23:52 PM IST