03/09/14 09:00 AM
RICHMOND, Va. (AP) — Virginia lawmakers left Richmond Saturday without accomplishing their most important task: passing a roughly $96 billion budget for the next two years. Democratic Gov. Terry McAuliffe immediately called for a special session to begin in two weeks, saying he's hopeful that...
By Associated Press | 03/08/14 05:20 PM
A recent decline in Missouri's casino revenues has created funding shortfalls for public schools and state-run veterans' nursing homes, raising questions among lawmakers about the extent to which the state can continue to rely on gambling to fund some key programs.
By Associated Press | 03/08/14 05:16 PM
The West Virginia House of Delegates has passed a budget that would patch a projected shortfall with the state's Rainy Day Fund.
By David M. Drucker | 03/07/14 03:48 PM
Rep. Dave Camp has heard the word “no” before. As usual, he isn't listening. Nearly 18 years ago, when the Republican House Ways and Means chairman was an obscure third-term congressman serving on the powerful tax-writing committee, House GOP leaders were ready to throw in the towel on...
By Brian Hughes | 03/07/14 03:36 PM
The 2014 midterm campaign began in earnest with President Obama unveiling his fiscal 2015 budget, a progressive wish list designed to boost Democrats in November. With little appetite for a so-called "grand bargain" on Capitol Hill, the White House abandoned previous proposals to slow the...
By Philip Klein | 03/06/14 12:29 PM
President Obama's budget proposal for the coming year was widely dismissed this week as an election-year political messaging document filled with proposals that had no chance of passage. But to the extent that the plan was notable, it was more for what was left out than what was put in it.
03/06/14 06:00 PM
ANNAPOLIS, Md. (AP) — Maryland lawmakers will be wrestling with a bigger budget problem than they expected, after officials revised the state's revenues down by about $238 million on Thursday for the current fiscal year and the next. The revision comes as lawmakers on a Senate budget...
By Scott Rasmussen | 03/06/14 05:38 PM
The standard media coverage of President Obama's new budget claimed the proposals will cut $600 billion in spending over the next decade. It was just about impossible, though, to find any media story mentioning some basic numbers that belong in any story about a new federal budget. How much...
By Darlene Superville | 03/06/14 08:25 AM
Vice President Joe Biden on Wednesday promoted President Barack Obama's request for $35 million to help test more rape kits, saying it will help fight crime.
03/05/14 04:46 PM
WASHINGTON (AP) — Republicans are dismissing President Barack Obama's new $3.9 trillion budget as nothing more than a Democratic manifesto for this fall's congressional campaigns, but the fiscal plan is taking hits from another quarter too — anti-deficit groups. Obama on Tuesday sent...
By Meghashyam Mali | 03/05/14 03:54 PM
President Obama on Wednesday took his push for raising the federal minimum wage outside the beltway, highlighting efforts by state and business leaders as he urged Congress to act. At an event at Central Connecticut State University, Obama highlighted New England governors who are raising...
By Philip Klein | 03/05/14 03:46 PM
President Obama's budget released Tuesday claims to reduce deficits by trillions of dollars, but a closer look at the details reveals that the deficit reduction is dependent on a number of gimmicks.
By Lawrence Kudlow | 03/05/14 03:30 PM
Fifty years ago last week, on Feb. 26, 1964, President Lyndon B. Johnson signed into law the sweeping tax cuts that had been championed by his predecessor, John F. Kennedy. The law brought the top marginal income tax rate down to 70 percent from 91 percent and the bottom marginal rate down to 14...
By John Stossel | 03/05/14 10:36 AM
This week, President Obama proposed "a budget that will create new jobs in manufacturing and energy and innovation and infrastructure, and we'll pay for every dime of it by cutting unnecessary spending, closing wasteful tax loopholes!"
By Gare Fineout | 03/05/14 08:56 AM
Florida legislators opened their annual 60-day session on Tuesday with legislative leaders vowing to cut taxes, expand the use of private school vouchers and make changes to the state's pension system.
By Paul Bedard | 03/09/14
By Charlie Spiering | 03/09/14
By Joel Gehrke | 03/08/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14