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More Budgets and Deficits Articles

  • Big banks required to hold $100 billion more in liquid assets to protect against panics

    An official at the Federal Reserve said the new measure would ensure that banks hold enough assets that "can be converted quickly and easily into cash in the amount needed" to avoid having its assets tied up when a creditor demands payment.

  • $60M plant to turn sugarcane waste to sugars, fuel

    MATHEWS, La. (AP) — A Helsinki company's U.S. subsidiary plans a $60 million plant in Louisiana to turn sugar cane waste into industrial sugars and biofuels. Gov. Bobby Jindal and Virdia Inc. managing director Otavio Pontes said Tuesday the project will create 120 construction jobs and 81...

  • Attorney: Detroit needs debt plan to survive

    DETROIT (AP) — The plan to restructure billions of dollars in debt is the vehicle the Motor City needs to free up funds to provide services to residents and allow the city to survive, one of Detroit's attorneys told the federal judge at the helm of the historic bankruptcy trial, which started...

  • NYC: Sandy home repair program starts 535 projects

    NEW YORK (AP) — A Superstorm Sandy home-repair effort that was criticized for a sluggish start has now begun work on 535 homes, surpassing a goal set to show a turnaround, Mayor Bill de Blasio said Tuesday. Much more work remains for the Build It Back program — an estimated 15,000 to 20,000...

  • Health care spending in Massachusetts on the rise

    BOSTON (AP) — A new report Tuesday offered a mixed diagnosis on health care costs in Massachusetts, finding that while total spending continued to grow faster than inflation, the increase stayed well within parameters set by the state. The Center for Health Information and Analysis, created by...

  • GOP aides: No chance of shutdown

    GOP staffers say the party wants to steer clear of the kind of sinking poll numbers it experienced a little more than a year ago, when House Republicans sidelined the annual spending bill in a futile attempt to defund Obamacare.

  • US construction spending up 1.8 percent in July

    WASHINGTON (AP) — U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this...

  • ACORN-linked groups may profit in Bank of America settlement

    Congress banned federal funding for ACORN in 2009 after years of allegations of misuse and corruption, but many of its local chapters reorganized under new names and continued their previous operations.

  • 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.

  • 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.

  • Budget crunchers now expect a permanently weaker economy

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

  • 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.

  • 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.



From the Weekly Standard