Word: slash
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...budget negotiators remain far apart over who should bear the burden of politically explosive cuts in entitlement spending. Though both sides are willing to slash $73 billion from Medicare over the next five years, the agreement ends there. The White House would spread the pain equally among doctors, hospitals and patients, but the Democrats have avoided specific proposals...
Voters have another opportunity to express frustration in November, when they get to vote on a tax rollback referendum that would slash taxes and fees, which have risen sharply in the past two years, to 1988 levels...
...York's first black mayor by a narrow margin. Dinkins has named more minorities to top-level staff positions than any mayor before him and has drawn on a national pool of talent to fill posts in his administration. With little fanfare, the silver-haired insider fashioned a slash-and-tax $28 billion budget that met with grudging approval from unions and business leaders alike...
...promote trade for the state. Since the constitution confers the powers of the Governor's office on her whenever the chief executive is away, she planned to call an emergency meeting to deal with the state's fiscal mess. She was set to order all department heads to slash their budgets 10% and open their financial books each month to show what they were spending. These bold steps were supposed to demonstrate her previously invisible leadership qualities...
...billion as the law mandates would require either the sequester or a combination of spending cuts and new taxes equal to 2% of the gross national product. Since the economy is faltering, either choice would deepen a recession. Now that American troops are in harm's way, the slash in Pentagon spending that the sequester would bring is unthinkable. Both sides are thus likely to postpone the deadline by several months...