Federal Budget: 10 Cuts That Would Save the Most

The Fiscal Times

Federal Budget: 10 Cuts That Would Save the Most

By Brianna Ehley December 6, 2013 4:45 AM

The clock is ticking on the Congressional Budget Conference Committee, which only has eight days left to cobble together a budget before the Dec. 13 deadline. And though lawmakers have signaled that they are close to a deal, nothing is certain.

Budgeteers in both parties are aiming for a deal that cancels the second wave of sequester cuts authorized under the Budget Control Act of 2011. To undo those cuts, they’ll have to find savings in other areas. Some potential elements in the emerging deal include raising federal employees’ contributions to their pension funds, or having the Federal Communications Commission auction rights to electromagnetic spectrum, according to congressional aides.

Related: Enter New Budget Deal, Exit Loathsome Sequester

As difficult as it may be for Republicans and Democrats to agree on a narrow package to replace the sequester cuts, much more difficult choices lay ahead. As the Congressional Budget Office put it in a report released last month: “To put the federal budget on a sustainable long-term path, lawmakers would need to make significant policy changes—allowing revenues to rise more than would occur under current law, reducing spending for large benefit programs to amounts below those currently projected, or adopting some combination of those approaches.” Continue reading “Federal Budget: 10 Cuts That Would Save the Most”

Transcript: Vice President Biden’s Convention Speech

 Transcript of Vice President Joe Biden‘s speech at the Democratic National Convention, as prepared for delivery:
September 6, 2012
Enlarge J. Scott Applewhite/APVice President Joe Biden addresses the Democratic National Convention in Charlotte, N.C., on Thursday.

My fellow Democrats, and my favorite Democrat.

Jilly, I want you to know that Beau, Hunt, Ashley, and I are so proud of you. We admire the way you treat every single student who walks into your classroom. You not only teach them. You give them confidence. And the passion you bring to easing the burden on the families of our warriors. They know you understand what they’re going through. It makes a difference. And I’m grateful. So grateful that you said Yes on that fifth try.

And Beau, thank you for placing my name in nomination to be Vice President of the United States. I accept. Continue reading “Transcript: Vice President Biden’s Convention Speech”