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    <title>Business Recorder - News</title>
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      <title>US lawmakers close to passing huge spending cuts to global aid</title>
      <link>https://www.brecorder.com/news/3430/us-lawmakers-close-to-passing-huge-spending-cuts-to-global-aid</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/us-h.2.jpg" width="400" height="300" /&gt;WASHINGTON: The US House of Representatives on Thursday was on track to approve slashing 61 billion dollars in government spending in a measure that makes deep cuts to global US aid in the name of austerity.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Lawmakers in the Republican-led chamber have been at&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Work since Tuesday on a spending bill to fund government operations&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;For the 2011 fiscal year that ends September 30, laboriously&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Dealing with nearly 600 amendments to the&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Measure.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Final House passage was expected as early as Friday,&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;setting the stage for a pitched battle with the Senate, which was&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;all but certain to roll back many of the reductions and&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;force hard-fought negotiations on a compromise.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;A current stopgap spending measure expires March 4,&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;and increasingly nasty verbal sparring and finger-pointing in&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;the US Congress could lead to a failure to adopt a replacement,&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;triggering a government shutdown.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;US Defense Secretary Robert Gates and US Secretary of&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;State Hillary Clinton have both strongly warned lawmakers that&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;overly deep cuts risk eroding US influence overseas and&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;triggering crises hurting national security.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"We need the resources to do the job, otherwise we will pay&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;a higher price later in crises that are allowed to simmer and boil&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;over into conflicts," Clinton said Monday.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"Drastic reductions in the size and strength of the US&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;military make armed conflict all the more likely&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;with an unacceptably high cost in American blood and treasure,"&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Gates told lawmakers Wednesday.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Republicans have vowed to largely spare the Pentagon, and keep&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;aid to Israel and Egypt intact, but said Washington needs to&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;tighten its belt to deflate its yearly budget deficit and&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;reducing its swollen national debt.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"To reduce uncertainty and create a better environment&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;for job creation, we need to cut wasteful spending and we need&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;to stop Washington's spending binge,"&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;said Republican House Speaker John Boehner.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The House and Senate were to be in recess next week, giving them little time to agree on a compromise to avert&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;a government shutdown&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;which would freeze government retirement&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;checks and other basic services from Washington.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Democrats have denounced an array of foreign aid cuts&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;in the Republican-crafted bill, warning that paring back the&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;US State Department's funds could notably hurt its efforts in&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Iraq and Afghanistan.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Democrats have also highlighted how the bill would slash&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;the budget of the US Agency of International Development,&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;overseas economic development monies, global disaster and refugee&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;aid, and funds to battle HIV/AIDS.&lt;/p&gt;
&lt;p&gt;&lt;center&gt;&lt;b&gt;&lt;i&gt;Copyright AFP (Agence France-Presse), 2011&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&lt;/i&gt;&lt;/center&gt;&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-bottom: 10px; margin-right: 10px; float: left;" src="https://i.brecorder.com/images/stories/us-h.2.jpg" width="400" height="300" />WASHINGTON: The US House of Representatives on Thursday was on track to approve slashing 61 billion dollars in government spending in a measure that makes deep cuts to global US aid in the name of austerity.</p>
<p class="MsoPlainText">Lawmakers in the Republican-led chamber have been at</p>
<p class="MsoPlainText">Work since Tuesday on a spending bill to fund government operations</p>
<p class="MsoPlainText">For the 2011 fiscal year that ends September 30, laboriously</p>
<p class="MsoPlainText">Dealing with nearly 600 amendments to the</p>
<p class="MsoPlainText">Measure.</p>
<p class="MsoPlainText">Final House passage was expected as early as Friday,</p>
<p class="MsoPlainText">setting the stage for a pitched battle with the Senate, which was</p>
<p class="MsoPlainText">all but certain to roll back many of the reductions and</p>
<p class="MsoPlainText">force hard-fought negotiations on a compromise.</p>
<p class="MsoPlainText">A current stopgap spending measure expires March 4,</p>
<p class="MsoPlainText">and increasingly nasty verbal sparring and finger-pointing in</p>
<p class="MsoPlainText">the US Congress could lead to a failure to adopt a replacement,</p>
<p class="MsoPlainText">triggering a government shutdown.</p>
<p class="MsoPlainText">US Defense Secretary Robert Gates and US Secretary of</p>
<p class="MsoPlainText">State Hillary Clinton have both strongly warned lawmakers that</p>
<p class="MsoPlainText">overly deep cuts risk eroding US influence overseas and</p>
<p class="MsoPlainText">triggering crises hurting national security.</p>
<p class="MsoPlainText">"We need the resources to do the job, otherwise we will pay</p>
<p class="MsoPlainText">a higher price later in crises that are allowed to simmer and boil</p>
<p class="MsoPlainText">over into conflicts," Clinton said Monday.</p>
<p class="MsoPlainText">"Drastic reductions in the size and strength of the US</p>
<p class="MsoPlainText">military make armed conflict all the more likely</p>
<p class="MsoPlainText">with an unacceptably high cost in American blood and treasure,"</p>
<p class="MsoPlainText">Gates told lawmakers Wednesday.</p>
<p class="MsoPlainText">Republicans have vowed to largely spare the Pentagon, and keep</p>
<p class="MsoPlainText">aid to Israel and Egypt intact, but said Washington needs to</p>
<p class="MsoPlainText">tighten its belt to deflate its yearly budget deficit and</p>
<p class="MsoPlainText">reducing its swollen national debt.</p>
<p class="MsoPlainText">"To reduce uncertainty and create a better environment</p>
<p class="MsoPlainText">for job creation, we need to cut wasteful spending and we need</p>
<p class="MsoPlainText">to stop Washington's spending binge,"</p>
<p class="MsoPlainText">said Republican House Speaker John Boehner.</p>
<p class="MsoPlainText">The House and Senate were to be in recess next week, giving them little time to agree on a compromise to avert</p>
<p class="MsoPlainText">a government shutdown</p>
<p class="MsoPlainText">which would freeze government retirement</p>
<p class="MsoPlainText">checks and other basic services from Washington.</p>
<p class="MsoPlainText">Democrats have denounced an array of foreign aid cuts</p>
<p class="MsoPlainText">in the Republican-crafted bill, warning that paring back the</p>
<p class="MsoPlainText">US State Department's funds could notably hurt its efforts in</p>
<p class="MsoPlainText">Iraq and Afghanistan.</p>
<p class="MsoPlainText">Democrats have also highlighted how the bill would slash</p>
<p class="MsoPlainText">the budget of the US Agency of International Development,</p>
<p class="MsoPlainText">overseas economic development monies, global disaster and refugee</p>
<p class="MsoPlainText">aid, and funds to battle HIV/AIDS.</p>
<p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b><i></i></center></p>
]]></content:encoded>
      <category/>
      <guid>https://www.brecorder.com/news/3430</guid>
      <pubDate>Fri, 18 Feb 2011 09:33:34 +0500</pubDate>
      <author>none@none.com (Muhammad Iqbal)</author>
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