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Whitehaven shares jump as Tinkler cuts stake

SYDNEY (Reuters) - Shares in Australia's Whitehaven Coal Ltd <WHC.AX> rose as much as 9 percent on Wednesday after the company's top shareholder, embattled tycoon Nathan Tinkler, offloaded about half his stake to cut his debts. Full story

House, Senate on diverging paths on agency budgets

Republicans controlling the House unveiled slashing cuts Tuesday to a program that helps localities build community development projects, while their rivals in the Democratic-led Senate proposed to restore GOP cuts to international food aid and nutrition help for pregnant women. Full story

Amtrak: Subsidy cuts would jeopardize service

Amtrak's president says long-distance trains and some short-haul routes would be jeopardized and service in the busy Northeast corridor might have to be slowed if federal subsidy cuts proposed by a House subcommittee are realized. Full story

Rhode Island budget faces key hearing, vote

An $8.2 billion state budget proposal is facing its first major test in the Rhode Island General Assembly, and school funding, business tax cuts and a proposal to default on debt relating to 38 Studios could be riding on the outcome. Full story

News Summary: Moody's cuts Co-op Bank again

ANOTHER CUT: Moody's has downgraded its ratings on Co-operative Bank for the second time this year on Tuesday — another blow to the troubled lender. Full story

NY school districts ready for budget re-votes

New York school districts that saw budgets fail in May will put plans up for new votes Tuesday, in many cases after making additional cuts to staffing and other spending. Full story

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Articles

Rhode Island budget debate heats up

Investors doubt U.S., European governments can cut debts by 2016: poll

IMF urges repeal of 'ill-designed' U.S. cuts

Detroit's Orr, after meeting creditors, says bankruptcy still possible

Dutch budget office lowers economic forecasts

Market headwinds raise stakes for Abe's Japan revival plan

Democrats take food stamp challenge to highlight GOP’s proposed cuts

United Tech CFO says Europe a drag on 2013 revenue

Despite budget rebound, U.S. states see fiscal threats

Rockford Air Show Cancelled Due To Federal Cuts

Video

  Head Start mom on daughter getting cut: ‘Why my child?’

Nanette Stiger of Hopkinsville, KY, explains how she felt after she was told her daughter Nasiria would be cut from Head Start because of Washington’s budget cuts.

  Democrats take food stamp challenge to highlight cuts

With House Republicans putting food stamps on the chopping block, Democrats are trying to survive on a food stamp budget to highlight the impact those cuts could have on the neediest Americans.

  Domestic violence resources suffer near $20m in sequester-related cuts

Chris Matthews talks with Kim Gandy, president and CEO of the National Network to End Domestic Violence, and the Washington Post’s Eugene Robinson about how the sequester is affecting domestic violence awareness and prevention programs, and what the cuts are doing to women’s shelters and other resou

  Duncan: Sequester cuts are ‘height of adult dysfunction’

Education Secretary Arne Duncan joins Alex Wagner and the NOW panelists to discuss universal pre-k, President Obama’s initiative aimed at connecting 99% of U.S. students to the Internet within five years, and head start cuts from the sequester.

  Women’s Advocate: Sequester cuts put women’s lives in danger

Kim Gandy of the National Network to End Domestic Violence discusses how domestic violence programs are feeling the pain of  sequester cuts and how its impacting women in need.

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Related Photos

Partially naked firemen protest against budget cuts next to the Sabadell airport
Partially naked firemen protest against budget cuts next to the Sabadell airport

Partially naked firemen protest against budget cuts next to the Sabadell airport, near Barcelona June 17, 2013. REUTERS/Albert Gea (SPAIN - Tags: CIVIL UNREST POLITICS BUSINESS)

Partially naked firemen protest against budget cuts next to Sabadell's airport
Partially naked firemen protest against budget cuts next to Sabadell's airport

Partially naked firemen protest against budget cuts next to the Sabadell airport, near Barcelona June 17, 2013. The banner reads "Firemen." REUTERS/Albert Gea (SPAIN - Tags: CIVIL UNREST POLITICS BUSINESS)

A man holds a placard in front of Vall d'Hebron hospital during a protest against budget cuts in Barcelona
A man holds a placard in front of Vall d'Hebron hospital during a protest against budget cuts in Barcelona

A man holds a placard in front of Vall d'Hebron hospital during a protest against budget cuts in Barcelona June 15, 2013. The placard reads "Less private follies" and "More public health". REUTERS/Albert Gea (SPAIN - Tags: CIVIL UNREST POLITICS HEALTH)

A man sits holding a placard in front of Vall d'Hebron hospital during a protest against budget cuts in Barcelona
A man sits holding a placard in front of Vall d'Hebron hospital during a protest against budget cuts in Barcelona

A man sits holding a placard in front of Vall d'Hebron hospital during a protest against budget cuts in Barcelona June 15, 2013. The placard reads "Health is not sold" and "No private health". REUTERS/Albert Gea (SPAIN - Tags: CIVIL UNREST HEALTH POLITICS)