» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 26 | Thursday, February 07, 2013

GOP Lawmakers Offer Alternative to Automatic Cuts

ANDREW TAYLOR | Associated Press

Print | Front Page | Email this story | Comments ()

WASHINGTON (AP) – A group of GOP lawmakers from the House and Senate is offering a plan to cut the federal workforce and use the savings to replace $85 billion in across-the-board budget cuts to the Pentagon and domestic programs.

The legislation reprises a plan offered last year that failed to advance.

House Armed Services Committee Chairman Howard "Buck" McKeon leads the group, which agrees with Defense Secretary Leon Panetta that a looming 8 percent cut to the Pentagon budget would recklessly harm the nation's military.

The California Republican said the Pentagon faces "dire straits."

President Barack Obama and fellow Democrats say that new tax revenues need to be part of any measure to replace the automatic cuts, which economists warn would slow the economy if allowed to strike on March 1.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 78 7,750
MORTGAGES 100 100 9,764
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 17,136
BANKRUPTCIES 49 49 6,314
BUSINESS LICENSES 27 27 2,865
UTILITY CONNECTIONS 0 0 9,124
MARRIAGE LICENSES 42 42 2,145

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.