Budget Strains News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To rubio. >> you can't have the president dictating. >> well, it is grandstanding to the base. he can't be seen as cooperating with obama, he has to be seen as forcing obama, and lindsey graham, that is the same thing -- >> i have been waiting for this one, this one i have been waiting for since the day obama care passed. the proposals now to cut obama care. let's listen to what lindsey graham said? let's take obama care and put it on the table, if you want to look at 10.2 trillion savings in the next decade, let's look at obama care. >> ari, when budget strains come along, there is always a l...

Pentagon and federal domestic spending. they must approve their own budgets by this coming spring and no state budgets will reflect diminished federal aid well before 2013. in virginia defense contractors are already anticipating cuts in pentagon spending of roughly 600 billion. they are expected to trim their own corporate payrolls and purchases accordingly that will likely translate into accelerated layoffs and budget strains in the states that president obama carried easily in 2008. even in those states without a significant military footprint per se will feel the pinch from the 600 billion...

Heavily on pentagon spending, federal contractors and other key players anticipating the coming splash to pentagon spending, roughly $600 million will pull back on their own spending early. that will mean accelerated layoffs and budget strains. it will also likely mean a more possible till environment for politicians seeking re-election. >> they are going to get stopped at the supermarket, and stopped at the gas station, and people are going to recognize them and put a bug in their ear about doing something. i think that they may well return to washington with the notion that they've got to do...

Impact president obama's reelection efforts. these 12 members of the committee knew if they couldn't come to terms on the $1.2 trillion in cuts, cuts in that amount would happen immediately split between the pentagon and domestic spending. lawmakers in the state legislatures must approve their budgets by next spring. as the "post" pointed out those state budgets will overlap with the 2013 budget the super committee was eyeing. already the tremors are being felt in richmond, virginia, and a swing state with the defense industry. the pentagon spending of roughly $600 billion. that will liky tran...