More Budgets and Deficits Articles

  • Detroit gets $275 million financing from Barclays

    DETROIT (AP) — Detroit's state-appointed emergency manager says Barclays PLC will provide $275 million to fund the city's exit from bankruptcy. Emergency manager Kevyn Orr's office said Thursday the money will be used to pay off a $120 million loan. It will also fund city revitalization efforts...

  • Governor hopefuls rip each other on hiring, taxes

    CHICAGO (AP) — The candidates for Illinois governor sharpened their attacks on each other Thursday, with Gov. Pat Quinn saying Bruce Rauner's plan to tax some services will help wealthy people like Rauner but hurt hardworking families, and the Republican businessman calling Quinn's efforts to...

  • Ignoring the U.S. debt problem won't wash it away

    Just like a heart patient straying from his diet as time passes after his heart attack, the political class has collectively decided to tune out the federal debt as an issue.

  • Poll shows huge lead for Tom Wolf over Pennsylvania Gov. Tom Corbett

    Corbett had gotten closer in recent polls, but Thursday's release shows the Democrat Wolf with 49 percent and the incumbent governor with 24 percent.

  • Budget crunchers now expect a permanently weaker economy

    Updated CBO projections of the US economy predict a future of slower growth and lower productivity.

  • Congress: Yes to pork, no to cutting debt

    Many say lawmakers are missing an opportunity to trim pork, waste and duplicative services from the budget.

  • California lawmakers push new Hollywood tax credit

    SACRAMENTO, Calif. (AP) — Gov. Jerry Brown reached a bipartisan deal with state lawmakers Wednesday on a proposal to expand California's tax credit for Hollywood film productions, offering $330 million a year in credits to producers through a competitive bidding process. The tax credit program...

  • Nevada sales tax up 4.7 percent from year ago

    RENO, Nev. (AP) — Nevada's taxable sales rose 4.7 percent in June compared with the same month a year ago, led by an 8 percent gain in Clark County and a 7.3 percent increase in Washoe County. The Nevada Department of Taxation said Wednesday that taxable sales totaled nearly $3.1 billion in...

  • Vallas: Rauner plan would cost schools $4 billion

    SPRINGFIELD, Ill. (AP) — Republican Bruce Rauner's proposal to dump a temporary state income tax increase would cost public schools $4 billion a year and lead to 28,000 teacher layoffs, the rival campaign for Illinois governor said Wednesday. Paul Vallas, Democratic Gov. Pat Quinn's running...

  • Obama's segue from constructive tax proposals to low-grade demagoguery

    "The tax system should be simplified and work for all Americans with lower individual and corporate tax rates and fewer brackets." That's from the Obama administration's 2009 proposals for tax reform, straight from whitehouse.gov.

  • Congress should crack down on itself, not on Burger King

    A simple change in how its members can hold their wealth is far a more promising reform than the fool's errand of sniping at formerly American companies as they flee.

  • Figures on government spending and debt

    WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • Obamacare to wreak havoc during tax season

    As many as 85 percent of Americans who signed up for Obamacare plans are receiving some sort of federal subsidies, putting them at financial risk down the road if their incomes are different than what they first estimated.

  • Alaska voters reject repeal of 2013 petroleum tax

    ANCHORAGE, Alaska (AP) — Alaska voters have retained a new petroleum production tax system that offers hope of increased investment and jobs but drew criticism as a giveaway to already profitable oil companies. The state Division of Elections counted 17,721 absentee and early votes Tuesday,...

  • White House has 'no idea' whether government will shut down

    "It would be a real shame if Republicans engaged in an effort to shut down the government over a common-sense solution [on immigration]," White House press secretary Josh Earnest said.



From the Weekly Standard