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Obama’s cuts to defense budget are good first step, GOP representative says

The Obama administration’s $78 billion cut to the defense budget is a good start to protect nation, according to a Republican congressman from California. “This is just the beginning,” Rep. John Campbell (R-CA) said on Fox Business Network’s Bulls & Bears Monday. He continued, “We need to look at some more,…

Reagan budget chief slams GOP on taxes

David Stockman says Wall Street ‘doesn’t deserve’ extension of tax cuts; US becoming ‘banana republic of finance’ A former Reagan administration budget director who was behind the largest tax cut in US history now says the US can’t afford any more tax cuts, and both major parties are participating in…