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More Budgets and Deficits Articles

  • 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.

  • Regulators OK overhaul of credit rating agencies

    The Securities and Exchange Commission voted to adopt two rules intended to prevent weak or fraudulent loans from being bundled into securities and sold to investors, including an overhaul of the way that rating agencies work.

  • National debt has doubled since financial crisis: budget office

    This year the federal debt will be double what it was before the financial crisis, Congress' budget scorekeeper projected Wednesday morning.

  • Mortgage rules leave lenders scared to lend

    Federal rules are scaring home lenders from making loans to anyone without excellent credit, a dynamic that top economic policymakers say is holding back the nation's economic recovery.

  • Illinois health centers receive $1.7M for projects

    CHICAGO (AP) — Seven health centers in the Chicago area are receiving a total of $1.7 million in funding for construction and renovation projects. U.S. Sen. Dick Durbin of Illinois announced the funding Tuesday. The money comes from the U.S. Department of Health and Human Services and is...

  • More job training planned as 3 casinos to close

    ATLANTIC CITY, N.J. (AP) — Atlantic City is planning to offer additional job training as three casinos prepare to shut down over the next few weeks, putting thousands of workers on the street. During a conference call with national media on Tuesday to address the upcoming shutdowns this weekend...

  • McAuliffe orders cuts to Virginia state agencies

    RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe is ordering state agency heads to come up with across-the-board budget cuts for the next two years in order to cope with a more than $880 million budget shortfall. McAuliffe's chief of staff, Paul Reagan, sent a memo to agency chiefs on Friday...

  • NY state overtime costs on pace for record high

    ALBANY, N.Y. (AP) — New York state agencies racked up more than $316 million in overtime in the first six months of 2014, according to the state comptroller's office, continuing a recent trend of sharply higher overtime costs for taxpayers. If the pace continues, New York will spend nearly...

  • GOP leader says Labor Dept. is wasting tax money

    WASHINGTON (AP) — The chairman of a House panel is asking Labor Secretary Thomas Perez to turn over to Congress documents and information he alleges will show "a pattern of wasteful spending and mismanagement" at the Labor Department. GOP Rep. Darrell E. Issa of California, who chairs the House...

  • US closes probe into Camry Hybrid brake problems

    DETROIT (AP) — An eight-month investigation into brake problems with some older Toyota Camry gas-electric hybrids has been closed without a recall. The National Highway Traffic Safety Administration began the probe in January after getting complaints of malfunctions that reduced power-assisted...

  • Paul Ryan: Limit home mortgage deduction to the middle class

    Rep. Paul Ryan said in an interview on Monday that he favors limiting the home mortgage tax deduction to "middle income people" but opposes curbing deductions for contributions to charity.

  • The Obama bank shakedown

    The Bank of America settlement "highlights a pattern of the government extorting the banks," said a former Wells Fargo CEO, and he's absolutely right.

  • VIDEO: Ed Gillespie pushes tax cuts during Northern Virginia campaign swing

    Virginia Republican candidate for Senate Ed Gillespie pushed the need to lower the corporate tax rate to 25 percent Monday.

  • The White House hates tax inversions but won't criticize Burger King

    The White House resisted a chance Monday to denounce Burger King for potentially relocating its headquarters to Canada as part of a possible purchase of doughnut and coffee chain Tim Hortons, even though President Obama has repeatedly ripped such corporate moves.



From the Weekly Standard