budget reform

5 Stories

Beware of Deficit Hysteria

GOP's fiscal fear-mongering hurts jobless

(Newser) - The "deficit hysteria" spreading throughout Washington and the media reminds Paul Krugman of the fear-mongering about weapons of mass destruction ahead of the Iraq war. Assertions that the deficit will doom the economic recovery and undermine America's place in the world are being tossed about as if they're facts,... More »

Obama Puts Brakes on Contractors

Bush's 'market-based' government hasn't been cheaper or better

(Newser) - President Obama slipped an important policy change under the radar last week, saying government needs to make “a real choice between investments that are designed to keep the American people safe, and those that are designed to make a defense contractor rich.” Thomas Frank was listening, and he... More »

Obama Targets Gov't Contract Fraud, Waste

Vows to save money

(Newser) - Barack Obama today announced a plan to clean up waste in federal contracts, a set of reforms he believes will save taxpayers up to $40 billion a year, the Washington Post reports. Flanked by spending hawks John McCain and Carl Levin, Obama said his budget manager is drafting “dramatic”... More »

Obama Names Budget Director, Vows Reform

Names new budget director

(Newser) - Even as he pushes a massive stimulus package, Barack Obama will trim back other parts of the federal budget, the president-elect promised today. “We cannot sustain a system that bleeds billions of taxpayer dollars on programs that have outlived their usefulness,” he said. “We simply cannot afford... More »

Deal Ends Budget Impasse

Schwarzenegger, lawmakers dodge veto showdown

(Newser) - Gov. Arnold Schwarzenegger and the California state legislature have ended a nasty budget showdown with a compromise expected to be approved today, reports the San Francisco Chronicle. The agreement eliminates extra withholding from workers' paychecks, and bridges a $17 billion budget gap largely  by adding penalties on corporations that underpay... More »

5 Stories