More Budgets and Deficits Articles

  • NY settlement with debt collector on payday loans

    ALBANY, N.Y. (AP) — New York's attorney general has announced a settlement with Forster & Garbus, a Long island-based debt collection firm, to ensure it doesn't file court claims against New Yorkers to collect on so-called payday loans for small amounts at high interest rates. State officials...

  • Oklahoma Sen. Jim Inhofe says deal reached on surplus program's red tape

    By Rick M. Green, Capitol Bureau The U.S. Defense Department has cut red tape in a program that gives surplus military vehicles to rural fire departments, Sen. Read more on NewsOK.

  • VIDEO: What are corporate tax inversions?

    It's a hot-button issue bound to come up on the campaign trail this fall, but what exactly is a corporate tax inversion? Washington Examiner Economics Writer Joseph Lawler sheds some light on the controversial practice.

  • Americans are borrowing more for everything except the one thing Obama wants

    Americans are increasingly willing to take on credit card debt or to take out loans to buy cars or to go to college, but they're still shying away from the biggest category of consumer credit: home loans.

  • America's question: Cut or crash?

    On July 31, Congress and President Obama flew America past a dubious fiscal landmark toward what increasingly looks like a crash landing.

  • Californians to vote on $7.5 billion water plan

    SACRAMENTO, Calif. (AP) — Driven to action by the state's historic drought, California lawmakers on Wednesday voted to place a $7.5 billion water plan before voters in November. The measure marks the largest investment in decades in the state's water infrastructure and is designed to build...

  • Treasury takes step toward oil spill trust fund

    NEW ORLEANS (AP) — The U.S. Treasury has set out 97 pages of rules for investing and allocating money that BP PLC and other defendants will pay in Clean Water Act fines for the Gulf of Mexico oil spill of 2010. The rules released Wednesday formally set up a trust fund for money that state and...

  • Judge delays Detroit bankruptcy trial start 8 days

    DETROIT (AP) — A federal judge has ordered another postponement in the start of a trial on Detroit's bankruptcy plan. Judge Steven Rhodes says in his order Wednesday that Detroit officials intend to submit a revised debt restructuring plan. He says for that reason, he's postponing the schedule...

  • Correction: Postal Service-Losses story

    WASHINGTON (AP) — In a story Aug. 11 about U.S. Postal Service Revenues, The Associated Press reported erroneously that the agency blamed its $2 billion loss for the quarter ending June 30 on increases in compensation and benefit costs. Although those costs did increase slightly, the overall...

  • A showdown is coming over Social Security, but it's not about retirement

    The trust fund for the disability program will run out in late 2016, Social Security's Board of Trustees warned in late July. Without congressional action, disabled workers would immediately face a 25 percent cut in their benefits.

  • Despite the alarm bells, U.S. not getting hammered financially by companies leaving

    Companies leaving the U.S. for low-tax countries might not cost America as much as you thought.

  • Following its report on high-speed rail failure, New York Times calls for more federal funding

    Do the New York Times editorial writers read their own newspaper's front page?

  • Here's the newest conservative alternative to the minimum wage

    A top conservative economist thinks he has found a way to take President Obama at his word, and ensure that no one working full time has to live in poverty -- while getting rid of the minimum wage.

  • Section of California high-speed rail line OK'd

    SACRAMENTO, Calif. (AP) — Plans for construction of a 114-mile high-speed passenger rail line between Fresno and Bakersfield are official. The Fresno Bee reports (http://bit.ly/1l1nG4Y) that the federal Surface Transportation Board announced the plans Tuesday in a detailed report of the...

  • Creditor opposes Detroit debt plan, says scrap it

    DETROIT (AP) — A major Detroit creditor on Tuesday objected to the bankrupt city's plan to wipe out or reduce billions of dollars in debt, saying it should be scrapped before a trial scheduled to start next week. New York-based Syncora Guarantee said in a court filing that the plan put together...



From the Weekly Standard