Tag: cut spending

• Saturday, March 2nd 2013 - 08:03 UTC

  Obama signs spending cuts after no agreement is reached with the Republicans

  

  US President Barack Obama has signed into effect a wave of steep spending cuts which he has warned could damage the US economy. The cuts - known as the sequester and drawn up two years ago will take 85bn dollars from the US federal budget this year.

• Thursday, April 14th 2011 - 05:32 UTC

  UN peacekeeping operations to suffer most from US funding cuts

  

  United States lawmakers are poised to cut spending on the United Nations by hundreds of millions of dollars, less than a week after UN Secretary-General Ban Ki-moon came to Congress to ask for continued strong support.