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Sources said World Service overheads could not be slashed and smaller services would have to be closed to cut costs.
Mr Scharping took over defence barely a year ago on one condition: that funds would not be slashed at least until a committee pondering a new armed-forces structure had finished its work, probably in 2000.
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Bucking heavy government and public pressure, National Australia Bank and Commonwealth Bank of Australia have already indicated that they will not be slashing mortgage rates in line with the central bank's move.
Pensions for the elderly are among the few benefits that have not been slashed, though they have been frozen since last year.
There was a time, too, when he paid a levy of just 6 percent on electricity and gas, not 23 percent; when public services were not being slashed; and when austerity was not the national watchword.
The panic of those days -- of checking closets before going to bed, of listening for dial tones to be sure phone lines had not been slashed -- had faded away.
A House of Commons select committee is investigating the effects on British science.In this section Investing in brains Reaching the poorest Reprints Related items Education: Reaching the poorestJan 21st 2010 Reforming education: Teach the teacherJan 21st 2010Even where education spending has not been slashed, it may face a squeeze as short-term stimulus spending ends.
Preferred stocks have several things in their favor: The dividends are usually fixed at the time the stock is issued and, thus, can't be slashed should the company fall on hard times.
Rubio has pledged to boost military spending, and expenditures required by entitlement programs can't be slashed.
We won't be slashing health funding post election.
Over the short term, leading economists agree that we shouldn't be slashing public investment while our economy is still shaky.
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