Big or small, spending-cut efforts hit roadblocks

By Andrew Taylor
Published March 3, 2014 8:52am ET
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Big or small, spending-cut efforts hit roadblocks
The budget gurus in Congress have failed for years to find a grand bargain to reduce the government’s long-term debt, so this year they decided to go small. Just 1 percentage point would be shaved from the annual cost-of-living increase in military pensions for veterans under age 62. That strategy failed, too. Congress promptly caved […]

The budget gurus in Congress have failed for years to find a grand bargain to reduce the government’s long-term debt, so this year they decided to go small. Just 1 percentage point would be shaved from the annual cost-of-living increase in military pensions for veterans under age 62.

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Associated Press Budgets and Deficits Congress Entitlements Pensions Veterans