Political Capital

Posts tagged: spending cuts

President Barack Obama urged the Congress to take action to avoid sequester cuts with a short term budget fix today.

Photograph by Alex Wong/Getty Images

President Barack Obama urged the Congress to take action to avoid sequester cuts with a short term budget fix today.

Obama Seeks Short-Term Cuts, Taxes

President Barack Obama called on Congress today to approve another round of short-term budget cuts and also changes in the tax code to eliminate some “loopholes” and avert the next deadline for automatic spending cuts. “If we’re serious about paying...

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Visitors ride on Segway personal transporter vehicles past the U.S. Capitol building in Washington.

Photograph by Andrew Harrer/Bloomberg

Visitors ride on Segway personal transporter vehicles past the U.S. Capitol building in Washington.

Bloomberg by the Numbers: 38

That’s the percentage of U.S. adults who say that President Barack Obama and Republicans in Congress will reach an agreement to avert the so-called fiscal cliff, according to a Pew Research Center poll. Fifty-three percent of respondents would blame Republicans...

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Government contractor Oshkosh Corp.'s M-ATV vehicle. Photograph by Oshkosh Corp. via Bloomberg

Government contractor Oshkosh Corp.'s M-ATV vehicle. Photograph by Oshkosh Corp. via Bloomberg

U.S. Contract Terminations Coming

Contractors may see more canceled deals with the U.S. government as the federal budget shrinks, according to Robert Burton, a former top procurement official under President George W. Bush. “Terminations for convenience” on federal awards will “absolutely” trend upwards, said...

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U.S. Army UH-60 Black Hawk helicopters from the 159th Combat Aviation Brigade, 101st Airborne Division, land to pick-up soldiers from 2nd Battalion, 506th Infantry Regiment, 4th Brigade Combat Team, 101st Airborne Division while conducting an air assault in preparation for the Week of Eagles, at Fort Campbell, Ky.

Photograph by Staff Sgt. Todd A Christopherson/U.S. Army/AP Photo

U.S. Army UH-60 Black Hawk helicopters from the 159th Combat Aviation Brigade, 101st Airborne Division, land to pick-up soldiers from 2nd Battalion, 506th Infantry Regiment, 4th Brigade Combat Team, 101st Airborne Division while conducting an air assault in preparation for the Week of Eagles, at Fort Campbell, Ky.

Sequestration Derangement Syndrome Hits Washington

A new psychological disorder is afflicting Washington: sequestration derangement syndrome. Symptoms for members of Congress include deep remorse for voting for last year’s Budget Control Act and the sin of forcing $110 billion in automatic cuts to government spending on...

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