spending cuts

Former Wyoming Sen. Alan Simpson is offering a new plan to avoid automatic spending cuts set to hit March 1 absent a bipartisan deficit-reduction deal.

The Senate Republican leader is calling on President Barack Obama and Democrats to spell out where they would cut government spending as part of any deal to avoid the so-called "fiscal cliff."

WASHINGTON (AP) — House Speaker John Boehner says that when Congress raises the nation's borrowing cap he will again insist on spending cuts and budget reforms to offset the increase. The Ohio Republican took the same stance a year ago during last summer's debt battle...

WASHINGTON (AP) — The House has rejected a budget pushed by its most conservative members with deeper spending cuts and far faster deficit reduction than a plan being pushed by Republican leaders. The 285-136 vote to defeat the conservatives' package moved the chamber a step closer to approval of the main GOP budget later Thursday...

The president's budget is a week late and a trillion dollars short, says Wyoming's representative.