More Budgets and Deficits Articles

  • Illinois releases 5-year economic blueprint

    CHAMPAIGN, Ill. (AP) — The state agency in charge of helping improve Illinois' economy released a five-year plan on Monday that it hopes will create a good environment for business growth and prosperity. The plan is required under a state law passed last year, part of an effort to build up a...

  • Rauner: Budget signed by Quinn is 'broken'

    CHICAGO (AP) — Republican gubernatorial candidate Bruce Rauner (ROW'-nur) says the spending plan Gov. Pat Quinn has signed into law is a "broken budget." In a statement Monday, Rauner says there should be structural reforms to "shake up" the way Springfield does business. Rauner has released...

  • Chris Christie veto expected on New Jersey budget

    Gov. Chris Christie is expected to sign a state budget, but not before doing major surgery to it with line-item vetoes.

  • GOP's patchwork $29.1b budget in Pennsylvania speeds toward votes

    A $29.1 billion Pennsylvania state government budget plan held together by a patchwork of cash diversions and other maneuvers was poised for its first floor votes Monday, the last day of the fiscal year after a rocky spring session for Republican majorities.

  • Atlantic City casino shutdown needed, analysts say

    ATLANTIC CITY, N.J. (AP) — Atlantic City started the year with 12 casinos. By Labor Day, it could be down to nine. For years, economists and analysts talked in theoretical terms about "casino saturation" in the northeastern United States. But there's nothing theoretical about what's happening...

  • Random observations on Sunday morning

    Chris Edwards of the Cato Institute has launched a great new tool for understanding federal spending trends since 1970. It's the "Make Your Own Spending Chart" interactive on downsizinggovernment.org. You just check whichever federal department you want to graph and it appears on the chart...

  • Get ready for the big 'gimmick' state budget

    HARRISBURG, Pa. (AP) — Call it "the big gimmick." An approximately $29 billion state government operating budget under negotiation in the Legislature is likely to be based on a fast-growing amount of one-time cash items to avoid the prospect of a tax increase that would split the House's and...

  • Kerry: Syrian moderate rebels could help in Iraq

    JEDDAH, Saudi Arabia (AP) — Secretary of State John Kerry signaled on Friday that the U.S. hopes to enlist moderate Syrian opposition fighters that the Obama administration has reluctantly decided to arm and train in the battle against militant extremists in neighboring Iraq. Obama sent...

  • Detroit's largest union, city sign new contract

    DETROIT (AP) — A representative of Detroit's largest union and the city's emergency manager signed an agreement reached during the ongoing municipal bankruptcy case. American Federation of State, County and Municipal Employees official Ed McNeil and Detroit Emergency Manager Kevyn Orr took...

  • Timeline set for Detroit light rail construction

    DETROIT (AP) — A timeline has been set for construction on Detroit's $140 million light rail project. M-1 Rail officials announced Friday that Woodward Avenue will be closed from Adams Street to Campus Martius Park for about 120 days for work starting July 28. Officials say the Michigan...

  • Austin OKs $30M for buyouts in flood-prone area

    AUSTIN, Texas (AP) — Austin officials have authorized spending more than $30 million to buy about 140 homes in a neighborhood savaged last year by severe flooding. The city council voted unanimously Thursday to OK the buyouts along Onion Creek. It will spend another $12 million to hire an...

  • EU leaders clash over limits on budgets and debt

    BRUSSELS (AP) — With economic growth still anemic across the European Union, the bloc's leaders clashed Friday over whether to loosen rules limiting government budget deficits and debt. Italy, Belgium and others argued more flexibility is needed so they can boost the economy and support job...

  • State panel OKs $97M for El Paso trolley service

    EL PASO, Texas (AP) — Work could begin in August to reintroduce a trolley service to El Paso after the Texas Transportation Committee approved $97 million for the project. Some of the trolley cars that carried passengers downtown from 1950 to 1974 will be refurbished for the project, which is...

  • There is a way out for states trapped in the pension sinkhole

    Under "defined benefit" retirement programs, public employees have been promised more money than states can ever afford to pay.

  • Louisiana to share $154M for job training

    NEW ORLEANS (AP) — Louisiana is among a group of 32 states, Puerto Rico and the Cherokee tribal nation getting a portion of more than $154 million awarded by the federal government for job training laid-off workers in high-demand industries. The U.S. Department of Labor announced Thursday...



From the Weekly Standard