Conservative House Republicans today (Jan. 20) presented a proposal to cut $2.5 trillion in federal funding over the next 10 years. The “Spending Reduction Act of 2011” would slash money to 55 agencies and programs, including zeroing out CPB, the National Endowment for the Arts and the National Endowment for the Humanities. “House leaders are unlikely to adopt such radical cuts,” according to the Washington Post.