New York (CNNMoney) - House Republicans released a dramatic budget proposal on Wednesday that would result in sweeping cuts to federal agencies and government services.
The GOP would slash the Environmental Protection Agency's budget by 16%, cut $758 million from a program that provides food to low-income children and eliminate almost $1 billion in assistance for local police departments.
New York (CNNMoney) - Rep. Paul Ryan, the Republican Party's resident budget wonk, is expected to take the Obama administration to task Tuesday night for its handling of the economy and budget.
Ryan, a 40-year-old Wisconsin native, will deliver the Republican response to President Obama's State of the Union address.FULL STORY
New York (CNNMoney) - The Republicans about to take over the House have big plans to try to cut federal spending. First on the chopping block: Congressional travel, postage, staff salaries and other office expenses.
The new House Speaker, John Boehner, says he will move on Thursday to cut lawmakers' office budgets by 5%.FULL STORY