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More Budgets and Deficits Articles

  • Creditor wants 75 cents on dollar for Detroit debt

    DETROIT (AP) — An attorney for one of Detroit's creditors told a judge overseeing the city's historic bankruptcy Wednesday that Detroit could afford to pay 75 cents on the dollar to settle its debt if it sold some masterpieces from the art museum. But an attorney for Detroit told federal Judge...

  • Government actuaries see Obamacare driving up healthcare costs over next decade

    Health spending grew at a relatively slow rate in 2013, according to a government analysis released on Wednesday, but it is expected to accelerate over the next decade as the economy improves, baby boomers retire, and more Americans gain coverage through President Obama's healthcare law.

  • CHART: Government share of U.S. health spending surging under Obamacare

    The government's share of U.S. health spending is expected to surge over the next decade as President Obama's healthcare law expands insurance coverage and more Americans become eligible for Medicare, according to a report from actuaries at the Centers for Medicare and Medicaid Services published...

  • Big banks required to hold $100 billion more in liquid assets to protect against panics

    An official at the Federal Reserve said the new measure would ensure that banks hold enough assets that "can be converted quickly and easily into cash in the amount needed" to avoid having its assets tied up when a creditor demands payment.

  • $60M plant to turn sugarcane waste to sugars, fuel

    MATHEWS, La. (AP) — A Helsinki company's U.S. subsidiary plans a $60 million plant in Louisiana to turn sugar cane waste into industrial sugars and biofuels. Gov. Bobby Jindal and Virdia Inc. managing director Otavio Pontes said Tuesday the project will create 120 construction jobs and 81...

  • Attorney: Detroit needs debt plan to survive

    DETROIT (AP) — The plan to restructure billions of dollars in debt is the vehicle the Motor City needs to free up funds to provide services to residents and allow the city to survive, one of Detroit's attorneys told the federal judge at the helm of the historic bankruptcy trial, which started...

  • NYC: Sandy home repair program starts 535 projects

    NEW YORK (AP) — A Superstorm Sandy home-repair effort that was criticized for a sluggish start has now begun work on 535 homes, surpassing a goal set to show a turnaround, Mayor Bill de Blasio said Tuesday. Much more work remains for the Build It Back program — an estimated 15,000 to 20,000...

  • Health care spending in Massachusetts on the rise

    BOSTON (AP) — A new report Tuesday offered a mixed diagnosis on health care costs in Massachusetts, finding that while total spending continued to grow faster than inflation, the increase stayed well within parameters set by the state. The Center for Health Information and Analysis, created by...

  • GOP aides: No chance of shutdown

    GOP staffers say the party wants to steer clear of the kind of sinking poll numbers it experienced a little more than a year ago, when House Republicans sidelined the annual spending bill in a futile attempt to defund Obamacare.

  • US construction spending up 1.8 percent in July

    WASHINGTON (AP) — U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this...

  • Austerity debate flares as Europe recovery fades

    FRANKFURT, Germany (AP) — Europe's economic recovery is in danger. Governments are under pressure to save it, but struggling with political obstacles and disagreement among themselves over what to do. Instead, the region is pinning its hopes — once again — on the European Central Bank, which is...

  • Health care workers feel cost-cutting pressure

    BUFFALO, N.Y. (AP) — Brooks Memorial Hospital and its largest union reached a tentative contract last week, after five months of talks - but only after a federal mediator was brought in, there was picketing outside the Dunkirk facility and a union voted to authorize a strike. In Niagara County,...

  • Illinois to spend another $102M on high-speed rail

    CHICAGO (AP) — The state of Illinois will spent $102 million to build a bridge over the Kankakee River along with other improvements as part of high-speed rail upgrades between Chicago and St. Louis. Gov. Pat Quinn announced the funding on Sunday. The bridge will be built near Wilmington. The...

  • Detroit raced toward this week's bankruptcy trial

    DETROIT (AP) — The trial to determine whether bankrupt Detroit's restructuring plan will be approved is set to begin just over a year after the city sought court protection in July 2013. The confirmation trial for the largest municipal bankruptcy in U.S. history starts Tuesday in federal court....

  • Illinois Gov. Pat Quinn announces $14.4 million in park grants

    CHICAGO (AP) — Illinois Gov. Pat Quinn has announced $14.4 million in investments for park development and storm water management on Chicago's south side and south suburbs. Projects include a $2.1 million grant for an expansion of the Sandridge Community Center in Calumet City, a $2 million...



From the Weekly Standard

  • All Together Now

    Republican voters are down on the sluggish GOP officials they elected, and the officeholders whine about the unreasonable people who voted for them. Republican backbenchers complain about their...

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  • Millennial Mongers

    As far as newspaper corrections go, it was a whopper. On August 24, the editors of the New York Times sucked the air out of a windy essay that had blown through its pages a few days before. The...

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  • Voter Intensity Strongly Against Obamacare

    A new poll from Public Opinion Strategies, commissioned by Independent Women’s Voice, finds that people who care about the issue of Obamacare really don’t like Obamacare.  On the flip side,...

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