WASHINGTON — Schools near military bases and tribal lands will face a $60 million shortfall between now and September and aid to college students will be cut by almost $90 million, according to the Education Department’s plan to carry out the automatic spending cuts mandated by Congress.
The region’s top research universities stand to lose tens of millions of dollars this year
Food inspectors will avoid government furloughs under a rare exemption ordered this afternoon by the Senate.
Republicans at present are singing from the same sheet music on the across-the-board budget cuts.
Stock indexes rise as investors focus on economy's strengths
With no remedy to the budget reductions at hand, another moment of truth in Washington looms.
PHOENIX - Smaller companies with contracts to supply products and services to Arizona's top-tier aerospace and defense companies face the greatest threat if sequestration cuts take effect, according to a new report.
Barring any last minute "miracles" to call off this Congress-inflicted fiasco, automatic federal budget cuts will kick in. The reductions total $1.2 trillion spread over nine years. The first cuts will be $85 billion by the end of September.
The nation on Friday will embark on a month-long — or perhaps a several months-long — experiment in meat-ax budget-cutting.
"There is no flexibility. Nearly everyone will be affected."
The massive federal budget cuts that will start Friday as part of the "sequester" will damage our economic recovery and mean fewer services here in Southern Arizona. Strip away the conservative economic theories and party-line rhetoric and that's the reality we're facing.
Misunderstanding, misstatements and all the classic contortions of partisan message management surround the sequester, the term for the $85 billion in ugly and largely irrational federal spending cuts set by law to begin Friday.
With a March 1 deadline near, federal agencies are issuing dire warnings of what could happen -- and among the many cuts could be hours for national parks.
Southern Arizonans can expect a rash of negative effects if that strange-sounding thing called the sequester comes to pass Friday.
We are just days away from a cataclysm of biblical proportions. The cuts foretold in the Budget Control Act of 2011 apparently are every bit as terrifying as rivers of blood and plagues of locusts.
Forecasters see it hurting growth, costing 700,000 jobs