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Tag: budget cuts
Obama urges budget cuts 'compromise'
2013-02-25 20:03:06| BBC News | Business | UK Edition
President Barack Obama urged US governors to lobby their Congressional delegation to pass legislation averting deep budget cuts set to hit on Friday.
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Looming budget cuts could shutter Coleman Young Airport, Ann Arbor airport control towers
2013-02-23 00:18:18| Agriculture - Topix.net
Control towers at several smaller airports in Michigan - including those at Coleman A. Young in Detroit, W.K. Kellogg in Battle Creek and Ann Arbor Municipal - could be shuttered as a result of automatic budget cuts set to go into effect next Friday.
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EU budget cuts broadband funding
2013-02-11 09:20:00| Telecompaper Headlines
(Telecompaper) The EU Council agreement on the EU's budget for the period 2014-2020 has sharply reduced the amount of funds dedicated to expanding broadband access. The European Commission had proposed EUR 9.2 billion for the digital economy, as part of the Connecting Europe Facility, and in the final agreement, this was reduced to around EUR 1 billion, to be spent mainly on services such as e-government and telemedicine. Neelie Kroes, commissioner for the Digital Agenda, said it was a "missed opportunity", but said she will look for other ways to support financing of new networks, such as through the European Investment Bank. The budget still requires approval by the European Parliament. The major political groups in parliament have said they are not in complete support of the overall spending cuts in the budget, which could lead to a compromise on restoring some of the funding.
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Budget deal cuts EU energy spending, promises climate focus
2013-02-08 20:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: An EU budget haggled out in marathon talks on Friday cut deeply into a new transport and energy fund and sacrificed ambition to make farming greener, but broke ground by committing a fifth of spending to the climate. Spending for cross-border transport, energy and telecoms projects was one of the main victims of the focus on austerity. It was chopped to just under $40.14 billion, down from an initial proposal that had earmarked 50 billion. "This is at least a door opener for interconnecting...
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Senate 'Fiscal Cliff' Bill Hikes Estate Tax, Defers Budget Cuts
2013-01-01 21:50:39| ENR.com: Headline News
Measure, whose fate was unclear in the House, would raise top estate-tax rate, delay spending cuts for two months, extend depreciation and renewable energy tax breaks.