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Spending cuts

Congress to weigh spending cuts to US securities regulator

Reuters - ‎May 24, 2016‎
The bill would also rescind leftover balances of the SEC's reserve fund, prohibit the regulator from requiring corporations to disclose political spending, and impose "reporting requirements to improve transparency, accountability, and fairness" from ...
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Brexit 'could force more cuts in public spending'

The Star - ‎12 hours ago‎
IFS director Paul Johnson said: “Getting to budget balance from there, as the government desires, would require an additional year or two of austerity at current rates of spending cuts. “Or we could live with higher borrowing and debt.” While the ...
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Iraq Sticks to Oil Output Growth Plan Despite Spending Cuts

Rigzone - ‎May 24, 2016‎
Indeed, oil companies have warned Iraq that projects will be delayed if the government insists on drastic spending cuts this year.

Qatar cuts spending on new health facilities – official

euronews - ‎7 hours ago‎
DUBAI (Reuters) - Qatar has cut its planned spending on building healthcare facilities by about two-thirds this year following the drop in energy prices but expenditure on its World Cup-related projects should be unchanged, an official said on Wednesday.

CPS principals rally Wednesday, draw attention to extreme budget cuts

WLS-TV - ‎5 hours ago‎
Chicago Public Schools principals recently received their preliminary budgets for next year, and they reflect massive spending cuts. For some schools, there are cuts of up to 40 percent in the base amount schools received for each student. On Wednesday ...
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Meirelles on Tuesday will announce spending cuts to contain a huge fiscal deficit

MercoPress - ‎May 23, 2016‎
Interim President Michel Temer has embarked on a business-friendly program and named Meirelles, a former central bank governor, to lead the finance ministry.
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Greek MPs Pass New Spending Cuts, Tax Hikes as Reforms Move Forward

Voice of America - ‎May 22, 2016‎
Greek lawmakers on Sunday approved fresh spending cuts and tax hikes demanded by European creditors in exchange for a new installment of desperately needed bailout funds.
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Election 2016: Budget update says big spending cuts, or tax rises, needed to reach surplus

The Sydney Morning Herald - ‎May 19, 2016‎
Treasury and finance have warned both sides of politics that big spending cuts, or higher taxes, will be essential if the budget is to be returned to surplus.

The Budget Cuts Disarming The Environmental Fight In Massachusetts

Huffington Post - ‎May 24, 2016‎
Basic environmental protections for Massachusetts residents have unraveled in the last 15 years as deep budget cuts and shifting political priorities take hold.
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House bill increases NASA planetary spending, but cuts off Asteroid Redirect Mission

SpaceNews - ‎May 23, 2016‎
House bill increases NASA planetary spending, but cuts off Asteroid Redirect Mission. by Jeff Foust - May 23, 2016. fancyARRM The report accompanying a House spending bill would provide no money for NASA's planned Asteroid Redirect Mission. Credit: ...

How government spending cuts can be a catalyst for radically better public services

City A.M. - ‎May 22, 2016‎
In the fallout over the recent Budget, government spending was once again in the spotlight. But while the row centred on benefits at a national level, it's social care managed by local authorities that is currently entering a period of intense crisis ...
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Abu Dhabi Spending Cuts May Have Exacerbated Oil-Led Slowdown

Bloomberg - ‎May 17, 2016‎
Abu Dhabi, which sits on 6 percent of global oil reserves, cut spending by a fifth in 2015 and plans a further 17 percent reduction this year, according to the government's bond prospectus.
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Abu Dhabi to ease budget spending cuts, says ratings agency Moody's

The National - ‎May 16, 2016‎
The emirate cut public spending by about 20 per cent in 2015 after the hit to oil prices led Abu Dhabi to run a fiscal deficit of 13.2 per cent of GDP that year, according to estimates from Fitch.
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EU Referendum: 30 MPs and peers demand government removes pro-EU websites by end of week - ‎15 hours ago‎
Boris Johnson, the former London mayor, has joined 30 MPs and peers calling for the government to remove all pro-EU links on government websites by Friday.
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Exclusive: BP exploration boss leaves after spending cuts

Reuters - ‎May 17, 2016‎
LONDON The head of exploration at BP (BP.L), Richard Herbert, is leaving the British oil major after slightly more than two years in the job, a period in which the company slashed spending on the search for new deposits. Herbert, a BP veteran and a ...
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Exclusive: Iraq oil projects face delays as companies resist spending cuts

Reuters - ‎May 13, 2016‎
BAGHDAD International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said on Friday. Oil companies helping Iraq develop its ...
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Plan to spend extra £1bn on health 'will lead to 20% cuts across departments'

Belfast Telegraph - ‎May 24, 2016‎
"Cuts of this scale could amount to almost 20% in many areas," he warned. "Over the past five years, in the midst of a multidimensional financial crisis, health spending nonetheless grew by around £500m. "The knock-on implications for other departments ...

Creditors Insist on Specifics of Greece's Spending Cuts Mechanism

Greek Reporter - ‎May 18, 2016‎
Greece's lenders insist the proposed spending cuts mechanism, the “cutter,” to include specific and concrete fiscal measures, thereby it is not certain that the bailout program review will be completed on the May 24 Eurogroup.

Naperville Township defends budget cuts in road debate

Chicago Daily Herald - ‎May 24, 2016‎
Naperville Township Supervisor Rachel Ossyra says trustees who voted to cut the township highway commissioner's budget by more than $500,000 in the midst of a debate about road services acted within their rights, despite a lawsuit that says otherwise.
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Senate Approves State Budget That Slashes Spending, Cuts Jobs

Hartford Courant - ‎May 12, 2016‎
Republicans complained that the budget cuts $43 million in state funding for hospitals. For months, the state's hospitals have battled with Malloy, who had sought even larger cuts.. "This new economic reality looks at hospitals as banks,'' said Sen ...