The British-Irish plan will contain commitments to further implement the Good Friday Agreement, including scaling down the Army presence in Northern Ireland and devolving policing and justice powers.

CNN: Bush urges N. Ireland peace moves

Money could also be saved by cutting rural bus services, and scaling down grass cutting and roads maintenance, including gritting.

BBC: People 'could clean public toilets' to save money

The Atlanta-Journal Constitution reports that the death industry is significantly scaling back as more people turn to cheaper alternatives, including cremation.

FORBES: Recession Forces Many To Rethink Burial Choices

He has also been scaling back on what he perceives to be risky investments, including emerging-market debt and corporate bonds.

WSJ: Bond King's Trade Pays Off