May 31, 2012
-
Read the articles from the May 31st edition, including pieces on funding for the Pentagon, extending tax cuts and automatic cuts.
- CHN: House Rejects Agreed Upon Funding Level for Pentagon
When Congress enacted a ten-year deficit reduction plan last August, nearly all of the cuts it required came in two rounds of reductions to annual appropriations in military, domestic, and international programs. The House majority now wants to reject the military cuts it approved in the deficit reduction legislation, the Budget Control Act (BCA, PL Read More »
Posted in Budget and Appropriations, Economy Comments Off - CHN: Senate Leader Reid Says Automatic Cuts Will Occur Without Deal to Increase Revenues; House Planning Summer Vote on Extending Tax Cuts
Senate Majority Leader Harry Reid (D-NV) issued a firm warning before the Memorial Day recess. “I am not going to back off the sequestration,” Reid said. “That’s the law we passed. We did it because it wouldn’t make things easy for us. It made it so we would have to do something. And if we Read More »
Posted in Budget and Appropriations, Food and Nutrition Comments Off
Click here to visit the HNR Archives
