More Budgets and Deficits Articles

  • Detroit still needs $350M from state lawmakers

    DETROIT (AP) — Pressure was building Wednesday for Michigan lawmakers to commit $350 million to Detroit pensions, a day after the city reached tentative agreements with pension funds and a retiree group to reduce payouts. The city has an $816 million pledge from foundations, philanthropists...

  • Governor calls special session on rainy day fund

    SACRAMENTO, Calif. (AP) — Saying the state's budget surplus should be used to pay down debt, Gov. Jerry Brown on Wednesday called a special session of the Legislature to make changes to a rainy-day fund measure on the November ballot. He wants to replace the current ballot measure, which...

  • No, Warren Buffett isn't a hypocrite for paying low taxes

    Warren Buffett thinks his taxes should be higher. An understandable response is "so, pay more in taxes, Mr. Buffett." Some conservatives, in fact, call Buffett a hypocrite for not voluntarily paying a higher rate than his secretary.

  • Federal Highway Trust Fund is nearly broke; DOT chief wants Congress' help

    On the road in a tour bus this week, the U.S. transportation secretary is spreading some bad news: The government's Highway Trust Fund is nearly broke.

  • France's Thomas Piketty could be the Left's version of anti-debt Carmen Reinhart-Kenneth Rogoff

    Thomas Piketty is worried that advanced countries like the United States are headed toward a future in which the wealthy grow ever richer while economic growth stagnates, and he believes that something must be done to prevent this “patrimonial capitalism” from taking hold.

  • Colorado budget finalized, sent to governor

    DENVER (AP) — Colorado lawmakers on Tuesday approved a $23 billion budget, sending to the governor a spending plan for next year that pours more money into public education and funds an aerial firefighting fleet. The House approved the budget on a 38-26 vote with only one Republican voting...

  • 5 Things to Know about Tax Day

    The deadline for filing taxes is midnight Tuesday. Here are five things to consider as the deadline nears. 1. YOU MAY NOT FACE MUCH OF A DEADLINE If you're due a refund — and about three-quarters of filers typically are — missing the April 15 deadline will not get you in trouble. Penalties...

  • Congress is giving states the transportation blues

    DAYTON, Ohio (AP) — On the road in a tour bus this week, the U.S. transportation secretary is spreading some bad news: the government's Highway Trust Fund is nearly broke. If allowed to run dry, that could set back or shut down projects across the country, force widespread layoffs of...

  • Foreign holdings of US Treasury debt increase

    WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities increased their holdings in February to another record high. The Treasury Department says total foreign holdings rose 0.8 percent to $5.89 trillion, up from $5.84 trillion in January. China, the largest foreign buyer of Treasury...

  • Illinois Gov. Pat Quinn's tour highlights questions of taxes

    Gov. Pat Quinn's tour of the state to push his program aimed at helping first-time homebuyers quickly turned political Monday as both he and his Republican gubernatorial opponent wasted no time highlighting likely recurring themes in the 2014 race: wealth and taxes.

  • EXography: State government dependence on federal funding growing at alarming rate

    Only 11 states depended on the federal government for more than one-third of their total revenues in 2001. By 2012, 24 states found themselves in this situation. State-by-state data from the U.S. Census Bureau, compiled by the State Budget Solutions nonprofit, illustrates the trend of...

  • CBO: Deficits to drift lower on lower health costs

    WASHINGTON (AP) — A congressional report released Monday predicts slightly smaller deficits both this year and over the coming decade, with lower spending on federal health care spending being the main reason. A Congressional Budget Office report Monday said this year's deficit will now be...

  • April 15 not much of a deadline for most taxpayers

    WASHINGTON (AP) — The calendar shows April 15, and you haven't even started on your federal tax return? Chances are, you don't need to fret. If you're due a refund — and about three-fourths of filers get refunds — April 15 isn't much of a deadline at all. The Internal Revenue Service...

  • Anti-tax group praises Va. House speaker

    RICHMOND, Va. (AP) — An anti-tax group Americans for Tax Reform is applauding House Speaker William J. Howell for his opposition to Medicaid expansion, praise that comes a year after the group advocated for new leadership in the House of Delegates. "We applaud your leadership and commitment...

  • Congressional Budget Office projects deficit to fall to $492 billion in 2014

    The Congressional Budget Office projected Monday that the federal deficit will fall to $492 billion for fiscal 2014. At just 2.8 percent of gross domestic product, that would be the smallest budget shortfall as a share of the economy since 2007, and a significant drop from last year's $680...



From the Weekly Standard

  • Why the New York Times Poll Is Bogus

    The Arkansas Senate race has been close in virtually every serious poll. The Republican challenger, Tom Cotton, probably had a small lead a month or so ago; after a massive negative assault on him...

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  • Hustle Is Overrated

    The Bryce Harper-Mike Trout showdown is underway and the outcome is, well, inconclusive. In round one Monday night, the Nationals leftfielder walked and went hitless in three at bats while the...

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  • Kennedy’s Question

    We often think of the Constitution as a two-part document: first the original 1787 text, which primarily establishes the government’s structure; and then the amendments, which primarily set...

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