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Spending cuts

Military Update: House defense spending plan rejects benefit cuts for troops, veterans

Colorado Springs Gazette - ‎6 hours ago‎
With U.S. forces still at war and House members up for re-election in November, the House Armed Services Committee rejected almost every idea the Obama administration proposed in its 2017 budget request to dampen military compensation and apply ...
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BP prepares deeper spending cuts as profits fall 80%

The Guardian - ‎Apr 26, 2016‎
The oil and gas company said it had already cut spending in the first quarter of the year, and expected to spend a total of $17bn (£11.7bn) in 2016.
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Kansas Senator says it's OK to leave budget cuts up to governor

KSN-TV - ‎20 hours ago‎
Jim Denning of Overland Park said Saturday that a plan will leave some spending cuts to Brownback because he won't back off one of his signature income tax cuts.
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Ontario doctors rally over spending cuts

CTV News - ‎Apr 23, 2016‎
TORONTO -- Several hundred doctors and patients gathered outside the Ontario legislature on Saturday, calling for the governing Liberal party to "fund health, not scandals.

Spending Cuts May Speed Up Croatia's Euro Entry, Minister Says

Bloomberg - ‎Apr 28, 2016‎
Croatia plans to cut spending and reduce the budget deficit as part of an economic overhaul that the government expects to pave the way for euro adoption.
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Scott Morrison hints at tax cuts in budget as part of 'economic plan'

The Guardian - ‎13 hours ago‎
Over the weekend, the government announced $1.2bn in extra spending for education, there were reports of tax cuts for people earning more than $80,000 and the treasurer said debt would peak within five to six years.

Spending cuts lead KT's profit in Q1

Korea Times - ‎Apr 30, 2016‎
KT has posted a first-quarter operating profit of 385.1 billion won ($339.53 million), up 22.8 percent from a year ago, largely thanks to marketing spending cuts. "We have seen both sales and the number of subscribers increase in our key businesses ...
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Potash Corp. cuts guidance and lowers spending, but sees silver lining as prices stabilize

Financial Post - ‎Apr 28, 2016‎
The company also cut capital spending by US$100 million on Thursday. The key silver lining for Potash Corp. and its peers is that the market finally appears to be turning a corner.

BP eyes more spending cuts

Reuters - ‎Apr 26, 2016‎
BP says it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low.
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Drain on Saudi Foreign Assets Slows as Government Cuts Spending

Bloomberg - ‎Apr 28, 2016‎
The decline in Saudi Arabia's net foreign assets slowed for a third month, helped by a rebound in oil prices as well as spending cuts and domestic bond sales. Net foreign assets held by the Saudi Arabian Monetary Agency fell 1 percent in March to $579 ...
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Argentinians protest against govt. spending cuts, lay-offs

Press TV - ‎Apr 29, 2016‎
Thousands of people in Argentina have held a demonstration to voice their dissatisfaction with inflation and cuts to public sector jobs under the newly-elected government of President Mauricio Macri.
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Bare-Bones Customer Spending Cuts Deeply Into National Oilwell Varco, Inc.'s Results

Motley Fool - ‎Apr 28, 2016‎
Renewed pressure on oil prices last quarter resulted in very weak oil-field activities. Those weak market conditions had a very deep impact on National Oilwell Varco's (NYSE:NOV) first-quarter results, which were released before the market opened on ...
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ConocoPhillips Further Reduces Spending Plans, Swings to Big Loss

Wall Street Journal - ‎Apr 28, 2016‎
ConocoPhillips further reduced its capital spending plans for 2016 and reported a $1.47 billion first-quarter loss on Thursday as low commodities prices continue to take a toll on the energy sector.

ConocoPhillips cuts spending further, posts loss

FuelFix (blog) - ‎Apr 28, 2016‎
ConocoPhillips is reducing spending further as it posted the fourth straight quarterly loss amid an oil rout that continues to strain independent producers.
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Russ Feingold touts spending cuts as part of 'fiscal fitness' plan

Milwaukee Journal Sentinel - ‎Apr 25, 2016‎
Ron Johnson, released a proposal that he is calling his "Federal Fiscal Fitness" plan, which includes a range of suggestions including spending cuts and overhauling taxes. Feingold said the package was developed as he travels each of the state's counties.

BP Plc (BP) Eyes Deeper Spending Cuts In 2016 As Low Oil Prices, Deepwater Horizon Disaster Costs Batter Earnings

International Business Times - ‎Apr 26, 2016‎
British oil giant BP said Tuesday it could slash capital spending further this year as weaker oil and gas prices continue to drag down earnings.

Senator David Perdue Outlines Spending Cuts To Appropriations Bill

The Chattanoogan - ‎Apr 27, 2016‎
“Last year, we worked hard to draft a responsible budget, cut $7 trillion in spending from President Obama's original budget request, and started to tackle our country's debt crisis,” said Senator Perdue.
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IMF urges spending cuts in Gulf states over lower oil prices

Middle East Eye - ‎Apr 25, 2016‎
IMF urges spending cuts in Gulf states over lower oil prices. #GCC. The crash in oil prices has forced Gulf countries to rethink their economic policies and Saudi Arabia is set to launch a new vision for its future.

Budget signals deep cuts coming soon

Northern Pen - ‎Apr 26, 2016‎
Finance Minister Cathy Bennett hiked taxes and fees, and found hundreds of millions of dollars in spending cuts through a "line-by-line" review of the province's expenses, but the budget speech hints at dire decisions to come in the future.
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Five cabinet ministers' constituencies 'least hit by council budget cuts'

The Guardian - ‎Apr 23, 2016‎
The three councils that have suffered the least from cuts in George Osborne's controversial budget are represented by Tory cabinet ministers, a new analysis shows.