Dollars & Sense: Budget cuts; dogs top husbands
February 14th, 2011
06:31 PM ET

Dollars & Sense: Budget cuts; dogs top husbands

A roundup of today's CNNMoney news:

Where the budget cuts are: The cuts hit far and wide: airports, heat subsidies for the poor, water treatment plants and Pell grants are just some of the targets. Obama unveiled a $3.7 trillion budget request for 2012 that proposes painful cuts. The proposal, which is likely to face stiff resistance in Congress, takes a big bite out of domestic spending and would slash deficits by $1.1 trillion over the next decade, according to White House estimates.

Want to fix a budget crisis? Cut taxes! States have collectively raised taxes by more than $30 billion over the past two years as revenue from income and sales levies fell off a cliff. But this budget cycle is shaping up to be very different. More than a dozen governors have pledged not to raise taxes in fiscal year 2012, which begins July 1 in most states.

9 stocks we love: Your Valentine's Day roses will wilt within a few days, but these nine swoon-worthy stocks should blossom throughout the year. Chevron, EMC and Cummins are among some of the ones we love.

Starbucks hints at new single-serve coffee drink: The new product, which will sell for around 50 cents a serving, could build on the Via instant coffee brand. Starbucks launched Via last year, which sells in individual "sticks" for about $1 per cup.

Dogs top husbands in Valentine’s Day gifts: Google search trends show that Valentine's Day searches for "personalized dog gifts" - such as a doggie sweater, collar or water bowl with a pooch's name on it - are more than 10% higher than searches for "personalized husband gifts."

IBM’s post-Jeopardy plans: IBM says its supercomputer Watson - which is playing on the TV game show "Jeopardy" this week - can solve real problems in health care and financial services.

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Filed under: Budget • Business • Dollars & Sense • Economy
soundoff (13 Responses)
  1. RUFFNUTT

    gotta keep those puppy mills makeing money... if you decide you dont want that puppy just take it over to vick's house for a full refund..

    February 14, 2011 at 6:41 pm | Report abuse |
  2. Mohammad

    If domestic spending is cut by OUR tax dollars, why don't they cut foreign aid two-fold. So poor people need to freeze their b*tts off while billions are given away in foreign aid which does enrich tyrants!

    February 14, 2011 at 7:46 pm | Report abuse |
  3. Cesar

    @Mohammad, finally you see the light my raghead friend.

    February 14, 2011 at 7:49 pm | Report abuse |
  4. RUFFNUTT

    um.. how about cut foreign aid till or debt is paid off then.. give them a some when we have extra..

    February 14, 2011 at 8:17 pm | Report abuse |
  5. Jeff Frank - Ohio

    Starbucks – Figure head of the coffee and coffee drinks service market. Nobody here said if the 50 cent Via is 8 oz. or 4 oz. Starbucks is good stuff. Starbucks rarely, but time after time come up with more gimmicks to keep from pricing themselves clear out of business. Consider 4small bottles bottles of Starbuck Cuppacino from the super market. $5-6.50 a pack! Thier cost? What a buck? Sorry. Can't afford it this week... 🙂

    February 14, 2011 at 10:29 pm | Report abuse |
  6. Jeff Frank - Ohio

    Dogs top husbands – This is OK in my book. Old Fido is deserving like me too. How bout a pit bull or loving rot that gets a Valentines card with Scoobeedoo on it and a bottle of Pierre Cardin or Jean Phillips! Great!!! 🙂

    February 14, 2011 at 10:37 pm | Report abuse |
  7. really?

    Hey Ruff, how's it hanging?

    February 15, 2011 at 6:34 am | Report abuse |
  8. Likeitdoggystyle

    ahh the good life if the old hag would kick her husband to the curb ole fido here could make his move

    February 15, 2011 at 8:18 am | Report abuse |
  9. Ashley

    The White House is always worried about our nation's deficit, yet they want to cut everything that doesn't pertain to them. Bush, while president, gave himself a $200,000 raise, why don't we take that back. If the white house administration is wanting to go back and use 2008 budget ideas, why not cut some pay to top officials. Cut some of the perks for everyone in Washington. That would save our country a ton of money. Don't go after the hard working, barely scraping by, small town, main street Americans. Politicians talk about how everyone needs to come together and work to get our spending under control. Well politicians, PRACTICE WHAT YOU PREACH!!

    February 15, 2011 at 11:45 am | Report abuse |
  10. JEANETTE

    Why do the taxpayers pay for health insurance and air fare for the GOP let them pay for their own like the rest of us.

    February 15, 2011 at 5:31 pm | Report abuse |
  11. Tomaz

    Great saving the billions. Mr. President, you would do well if you can just tell congress that the days of splashing trillions on wars and taking other nations' freedom are over. This would help make you the great man we hoped for, and cheered to build America's global image. We deserve better than being the new English empire. We're a nation of freedom and peace. Not war traders for wealth. Thanks u!!!

    February 15, 2011 at 6:53 pm | Report abuse |
  12. norma wilkinson Long Beach Cal.

    THE REPUBLICANS WANT TO TRASH EVERYTHING IN SIGHT LEAVING THE BUSH ADMINISTRATION VICTIMS,.THE LOWER AND MIDDLE CLASS CITIZENS, WITH NO WHERE TO TURN . OK I AGREE ON ONE OR TWO CONDITIONS. TAKE AWAY THE TAX BREAK FOR THE WEALTHY {WHO HAVEN'T A CLUE HOW MUCH THEY HAVE ANYWAY} , LOWER THE YEARLY INCOME OF REPUBLICAN POLITICIANS STARTING WITH JOHN BOEHNER, CUT THE MEDICAL AND PENSIONS FOR THE SAME GROUP.,, THEY HAVE MORE MONEY GIVEN TO THEM THAN THEY COULD RIGHTFULLY EARN IN A LIFETIME ANY WAY..ON THESE CONDITONS, I'D STRUGGLE TO GET ALONG WITHOUT MY S.S. AND MEDICAL AND I'M 85 YRS.OLD...!!!!!!!

    February 20, 2011 at 11:47 pm | Report abuse |
  13. norma wilkinson Long Beach Cal.

    P.S. I"D GET A JOB BUT I GET FUNNY LOOKS WHEN I APPLY!!!!!

    February 20, 2011 at 11:50 pm | Report abuse |