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More Budgets and Deficits Articles

  • U.S. tax system ranks near bottom among developed nations

    The United States has the third least competitive tax system among developed nations, according to a new ranking of countries' tax codes.

  • Corporate America heads for the exits

    Corporate "inversions" are a problem that President Obama might find intractable, given a corporate tax system that most people agree is outdated and in urgent need of drastic reform at a time when Congress is too divided to fix it.

  • Fiscal hawks' problem: Shrinking debt

    The Treasury faces a long-term budget hole as rising healthcare, Social Security and interest payments take their toll.

  • Think Tanks: New York hurts its millionaires

    The Empire Center, a nonpartisan think tank in New York, released a report suggesting that New York has lagged behind the rest of the nation in making new millionaires.

  • Va. gov: Agreement on budget cuts reached

    RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe said an agreement has been reached on budget cuts for the next two years. McAuliffe and leaders of the General Assembly plan to release details at a news conference on Monday. McAuliffe has said officials are projecting a revenue shortfall of...

  • Downgrades put Governor Christie's signature reform in doubt

    "[The pension agreement] was pretty much his signature accomplishment. Now that agreement, that reform is in tatters. It has basically blown up," said Gordon MacInnes, a former Democratic official.

  • Treasury could act next week to prevent companies from leaving U.S.

    "They're preparing to act and they'll act as soon as they're ready," said Rep. Sander Levin, the ranking Democrat on the House Ways and Means Committee, which has jurisdiction over tax issues.

  • Nevada governor enacts Tesla tax break package

    CARSON CITY, Nev. (AP) — Calling it one of the most important pieces of legislation in Nevada history, Gov. Brian Sandoval signed into law an unprecedented package of incentives to seal a deal to bring Tesla Motors' $5 billion battery factory to the Silver State. The "gigafactory" is expected...

  • Push against Islamic State blurs spending message

    In going after the Islamic State, the president has abandoned talk of limiting such investments in favor of asking lawmakers for what critics call a blank check to fight counterterrorism battles.

  • Democratic senators appeal directly to Burger King CEO to stop inversion

    In a letter addressed to Burger King CEO Daniel S. Schwartz, Majority Whip Dick Durbin and four other senators urged the company to back out of the deal to merge with Canadian chain Tim Hortons and move the combined company's headquarters to Canada.

  • White House to Congress: Pass bill arming Syrian rebels ASAP

    Time is of the essence, White House spokesman Josh Earnest said, because Saudi Arabia has agreed to host a training operation for vetted members of the Syrian opposition, and U.S. officials want to take them up on the offer as quickly as possible.

  • Detroit bankruptcy trial on hold after major deal

    DETROIT (AP) — One of Detroit's fiercest opponents in bankruptcy once compared the city's fix-it plan to an automobile "lemon" fit for the "scrapyard." Now that same creditor, bond insurer Syncora, is making peace with Detroit in the largest bankruptcy in U.S. history under a deal that could...

  • Correction: Detroit-Bankruptcy story

    DETROIT (AP) — In a story Sept. 9 about a tentative agreement reached between Detroit and major creditor Syncora in its bankruptcy trial, The Associated Press reported erroneously that Steven Schlein is a spokesman for Syncora. Schlein does public relations for Kirkland & Ellis, a law firm...

  • Boeing can thrive even without Export-Import Bank financing

    It is hard to justify government involvement in foreign purchases from Boeing when private sources of financing have never been more plentiful.

  • House unveils emergency bill to fund government

    The bill, which funds the government through Dec. 11, caps annual spending at the 2014 $1.012 trillion level and it includes a provision to extend the Export-Import Bank until 2015.



From the Weekly Standard