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President Obama has been under severe pressure to rein in federal spending, both from Americans here at home as well as trading partners like China.

During his State of the Union message on Wednesday, Obama is expected announce a three-year spending freeze for 1/6 of the federal budget.

The proposal will include freezes in discretionary spending in the Departments of Housing and Urban Development, Justice, Energy, Transportation, Agriculture and Health and Human Services. The freeze would affect $447 billion in spending or 17% of the total federal budget.

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State of the Union to Include a Proposed Spending Freeze originally appeared on BloggingStocks on Tue, 26 Jan 2010 12:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>federal spendinginthenewsObamaspending freezeState of the UnionTue, 26 Jan 2010 12:00:00 EST<![CDATA[House Republicans take page out of Hoover's 1930s play book with spending freeze plan]]>http://www.bloggingstocks.com/2009/03/09/house-republicans-take-page-out-of-hoovers-1930s-play-book-with/http://www.bloggingstocks.com/2009/03/09/house-republicans-take-page-out-of-hoovers-1930s-play-book-with/http://www.bloggingstocks.com/2009/03/09/house-republicans-take-page-out-of-hoovers-1930s-play-book-with/#commentsFiled under: ,

Readers of this space know that the emphasis is placed on the economic, on commerce, and business trends, with a general avoidance of goings-on inside the beltway.

However, the financial crisis (which spawned federal bank bail-out legislation) and the nation's pronounced recession (which requires fiscal stimulus to end), has meant that things occurring in Washington once again have great relevance for investors.

And one current D.C. development must be evaluated: the House Republican leadership's decision to seek a federal spending freeze for the fiscal 2010 federal budget, The AP reported.

Continue reading House Republicans take page out of Hoover's 1930s play book with spending freeze plan

House Republicans take page out of Hoover's 1930s play book with spending freeze plan originally appeared on BloggingStocks on Mon, 09 Mar 2009 13:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>FDRfederal budgetfiscal policyGreat DepressionHooverHouse RepublicansinthenewsNew Dealspending freezeU.S. economyMon, 09 Mar 2009 13:10:00 EST