Lawmakers lifted the curtain Tuesday on a 2011 spending plan that will slash nearly $40 billion -- cutting back on a wide range of programs and services including high-speed rail, emergency first responders and the National Endowment for the Arts.

The measure represents the single biggest cut ever made to the federal budget in one year. Lawmakers lifted the curtain Tuesday on a 2011 spending plan that will slash nearly $40 billion -- cutting back on a wide range of programs and services including high-speed rail, emergency first responders and the National Endowment for the Arts.

The measure represents the single biggest cut ever made to the federal budget in one year.

It also offered the first look at the $28 billion in spending cuts lawmakers and President Obama agreed to on Friday to avoid a government shutdown. Congress had already used a series of stopgap spending bills to target $12 billion in reductions for fiscal year 2011, which started in October and is already halfway over.

Congress had already used a series of stopgap spending bills to target $12 billion in reductions for fiscal year 2011, which started in October and is already halfway over.

To read the entire article (and view proposed cuts to agriculture), link here.