Spending Cuts

A box for job seekers to leave resumes sits on a table. (credit: Justin Sullivan/Getty Images, FILE)

Unemployment Benefits To Be Cut Due To Sequester

Weekly benefits are currently $330 on average in Conn. But starting in June, the checks will come in at $265.

05/23/2013

Andrew Cuomo (credit: CBS 2)

Cuomo: Sequester Already Creating ‘Anxiety’ For New Yorkers

However, Cuomo noted the cuts likely won’t have an overall big impact on the way the state government operates.

03/03/2013

Capitol Hill

Blame Game Continues As Sequester Takes Hold

The automatic across-the-board spending cuts took effect Friday after neither side could reach a deal to avoid the sequester and President Obama signed the order.

03/03/2013

President Barack Obama (credit: Chip Somodevilla/Getty Images)

‘Fiscal Cliff’ Deal Reached With GOP Senate Leaders

The White House has reached an agreement with Senate Republican leaders on a deal prevent the “fiscal cliff,” CBS News has learned.

12/31/2012

U.S. Capitol - Washington, DC - Aug 1, 2011 (credit: Mark Wilson/Getty Images)

No Fiscal Cliff Deal In Sight Sunday Night On Capitol Hill

A deal on Capitol Hill to avert the so-called fiscal cliff was proving elusive Sunday, as a deadline to avert tax hikes on virtually every American worker and block sweeping spending cuts set to strike the Pentagon and other federal agencies grew perilously near.

12/30/2012

Obama (credit: JIM WATSON/AFP/Getty Images); Boehner (credit: Chip Somodevilla/Getty Images)

Spending Cuts Remain Major Sticking Point In ‘Fiscal Cliff’ Negotiations

The fact is it won’t be a merry Christmas if there is no deal on the so-called fiscal cliff, because without a compromise tax hikes and across-the-board spending cuts kick in.

12/13/2012

Connecticut State Capitol in Hartford (file / credit: Connecticut General Assembly and the League of Women Voters of Connecticut Education Fund, Inc.)

Gov. Malloy Implements Immediate Spending Cuts Totaling $170 Million

State budget director Ben Barnes calls the cuts difficult but necessary to balance the budget.

11/28/2012

Sen. Charles Schumer (file / credit: Brendan Hoffman/Getty Images)

Sen. Schumer: President’s Veto Threat Will Bring ‘Grand Bargain ‘As Fiscal Cliff Nears

As the clock ticks closer to the end of the year, Sen. Schumer said he’s confident a deal will be reached.

10/18/2012

New Jersey Governor Chris Christie (credit: CBS 2)

Lawmakers Hold Hearings On N.J. Budget Cuts

Seven New Jersey Assembly panels were scheduled to begin holding hearings Monday on the recently-enacted state budget.

09/13/2010