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House preserves its own budget as others face cuts

House lawmakers are moving to protect Capitol Hill's budget even as they're working to slash other programs like education, health research, water projects and housing aid for the poor. Full story

Target cuts full-year forecast after weak first quarter

(Reuters) - Target Corp <TGT.N> cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal items like clothing. Full story

Teachers: Heroes in a crisis–but otherwise under fire

While teachers are often lauded in the aftermath of a national tragedy, most of the year they suffer through a combination of budget cuts, mass layoffs, school closures, and similarly harsh measures. Full story

House panel approves spending cuts, assumes more to come

WASHINGTON (Reuters) - The Appropriations Committee of the House of Representatives made clear on Tuesday that automatic spending cuts will be a recurring nightmare for Washington as it passed a measure to sharply reduce funding for government agencies and programs next year. Full story

Council Continues to Debate over Budget Cuts

FORT WAYNE, Ind. (www.incnow.tv)-- The debate on what to cut for the city budget continues. Full story

Fremont Schools Consider Teacher Layoffs

Fremont Community Schools recommends the school board lay-off four full-time teachers and reduce the hours of another seven, superintendent Loraine Vaughn confirmed. Full story

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Articles

Furloughs to hit 6,000-plus Kan. military workers

Analysis: Shrinking deficit reduces pressure for budget deal

House Committee OKs massive cuts to food stamps in farm bill

Dark clouds hang over air shows after budget cuts

Junk rating risk casts shadow over Spanish bonds

ABN AMRO cuts 400 jobs as prepares for eventual sale

Wyoming's investment returns likely to help budget

Deep divide in Congress over domestic food aid

April income tax collections climb in many states, but may be a blip

Cleveland kidnappings: ‘There are no throwaway neighborhoods’

Video

  Don't Tax The Rich, Take Money From The Poor

The program that funds school lunch assistance for the nation's poorest children is under attack by right wing conservatives. Ed talks to Joel Berg about the possible cuts and how his organization is struggling to protect kids.

  Is the Deficit Being Cut Too Fast?

Arthur Laffer, chairman, Laffer Associates, discusses the falling deficit and why some people are saying the deficit is being cut too fast.

  Republicans fall quiet in face of Obama deficit success

Rachel Maddow reports on the newly revised projections for the budget deficit showing the fastest deficit reduction under the Obama administration since World War II, and points out that the deficit was a top priority of Republicans in the 2012 election so we can surely expect them to praise the out

  The House GOP’s priority fail

As they hold their 37th vote to repeal Obamacare, Republicans are ignoring all the other problems plaguing the nation, from the sequester to the desperate need for a new jobs bill.

  CBO Cuts Fiscal 2013 Deficit Forecast

CNBC's John Harwood reports CBO has cut its fiscal 2013 deficit forecast to $642 billion from an earlier estimate of $845 billion.

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Students paint on the front of a Unicredit bank during a protest against government budget cuts in Milan
Students paint on the front of a Unicredit bank during a protest against government budget cuts in Milan

Students paint on the front of a Unicredit bank during a protest against government budget cuts in Milan December 12, 2012. REUTERS/Stringer

A student, wearing green T-shirts that have become a symbol of their movement against budget cuts, shout slogans in front of the Popular Party headquarters in Madrid in a night march protest against the government's cuts to education spending
A student, wearing green T-shirts that have become a symbol of their movement against budget cuts, shout slogans in front of the Popular Party headquarters in Madrid in a night march protest against the government's cuts to education spending

A student, wearing green T-shirts that have become a symbol of their movement against budget cuts, shout slogans in front of the Popular Party headquarters in Madrid in a night march protest against the government's cuts to education spending May 11. 2013. REUTERS/Javier Barbancho(SPAIN - Tags: EDU

File photo of High School students at the West Point "Summer Leadership Seminar"
File photo of High School students at the West Point "Summer Leadership Seminar"

A squad of High School students run with their squad leader while taking part in training excercises at the U.S. Military Academy at West Point, New York, in this June 19, 2008, file photo. United States military academies have trained America's future presidents, astronauts and generals, one of th

Hairdresser Cibeira cuts a customer's hair at the hairdresser he bought in 1969 in Madrid
Hairdresser Cibeira cuts a customer's hair at the hairdresser he bought in 1969 in Madrid

Seventy-five year old hairdresser Alejandro Cibeira cuts a customer's hair at the hairdresser he bought in 1969 in Madrid March 27, 2013. Cibeira has been trying to sell his business for the past three years to no avail. "I've lowered the price by half, but I still can't find buyers. There's no mon