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More Budgets and Deficits Articles

  • Syria resolution will be part of government funding bill

    The House will use a government spending bill as the vehicle to pass a resolution authorizing a U.S. mission to arm and train Syrian rebels against Islamic terrorists.

  • Governor, lawmakers announce Va. budget cuts

    RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe and Republican lawmakers are planning to fill a $882 million budget shortfall by tapping the state government's rainy day fund and making cuts to various agencies, universities, and local governments. The plan won't affect K-12 school spending...

  • Detroit bankruptcy trial resumes after settlement

    DETROIT (AP) — A judge refused to extend a timeout Monday in Detroit's bankruptcy trial after a deal with a major creditor removed another opponent from the city's plan to exit the largest Chapter 9 case in U.S. history. A bond insurer, Financial Guaranty Insurance, said it needs more time to...

  • US wealth gap putting the squeeze on state revenue

    WASHINGTON (AP) — Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor's. Even as income for the affluent...

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are a problem that President Obama might find intractable, given a corporate tax system that most people agree is outdated and in urgent need of drastic reform at a time when Congress is too divided to fix it.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



From the Weekly Standard

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  • Another Fight Obama Shirks

    When it comes to military actions, President Obama likes to declare the end of wars, regardless of whether America’s opponents agree that is the case. When it comes to economic wars, he has no...

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  • Second Time’s a Charm?

    Voters in Connecticut’s gubernatorial election this November will face a familiar choice as Republican Tom Foley squares off against Democrat Dan Malloy. Four years ago, in a nail biter for what...

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